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PetroChina Company
(0857)
PetroChina Company (0857) vs. iShares MSCI Hong Kong ETF (EWH)
PetroChina Company Business Overview & Revenue Model
PetroChina Company Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.92T | 2.94T | 3.01T | 3.24T | 2.61T | 1.93T |
| Gross Profit | 622.69B | 662.76B | 710.43B | 788.05B | 613.06B | 452.16B |
| EBITDA | 311.85B | 491.82B | 484.59B | 446.98B | 379.25B | 277.60B |
| Net Income | 162.36B | 164.68B | 161.14B | 148.74B | 92.16B | 33.48B |
Balance Sheet | ||||||
| Total Assets | 3.11T | 2.75T | 2.75T | 2.67T | 2.50T | 2.49T |
| Cash, Cash Equivalents and Short-Term Investments | 316.07B | 219.06B | 277.28B | 233.30B | 167.51B | 145.95B |
| Total Debt | 392.29B | 355.47B | 413.19B | 464.51B | 470.30B | 498.14B |
| Total Liabilities | 1.20T | 1.04T | 1.12T | 1.14T | 1.09T | 1.12T |
| Stockholders Equity | 1.70T | 1.52T | 1.45T | 1.37T | 1.26T | 1.22T |
Cash Flow | ||||||
| Free Cash Flow | 128.17B | 103.88B | 174.08B | 148.53B | 75.91B | 61.85B |
| Operating Cash Flow | 358.84B | 406.53B | 456.60B | 393.77B | 341.47B | 318.57B |
| Investing Cash Flow | -304.87B | -307.35B | -255.79B | -232.97B | -213.03B | -181.99B |
| Financing Cash Flow | -112.73B | -178.88B | -146.57B | -113.71B | -107.97B | -99.40B |
PetroChina Company Technical Analysis
PetroChina Company Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$910.10B | 14.36 | ― | 8.97% | -13.87% | -15.41% | |
70 Outperform | HK$1.96T | 8.83 | 10.16% | 6.32% | -6.92% | -2.57% | |
68 Neutral | HK$763.09B | 15.10 | ― | 5.52% | -10.02% | -27.89% | |
68 Neutral | HK$1.06T | 7.47 | 17.50% | 6.76% | -9.81% | -8.84% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | HK$179.84B | 9.14 | 10.99% | 4.59% | -3.42% | -18.73% |
PetroChina Company Corporate Events
PetroChina has announced that its controlling shareholder, China National Petroleum Corporation, has increased its stake in the company by purchasing 30 million A shares on the Shanghai Stock Exchange, while CNPC’s wholly owned subsidiary Fairy King Investments Ltd. acquired an additional 11.896 million H shares in Hong Kong. Following these transactions, CNPC’s aggregate holding in PetroChina has risen slightly from about 82.33% to approximately 82.35% of the company’s issued share capital, and the group has signaled that it will continue to raise its shareholding under an existing increase plan, with PetroChina committing to ongoing disclosure as the plan progresses.
The most recent analyst rating on (HK:0857) stock is a Buy with a HK$10.00 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.
PetroChina Company Limited has announced changes to the composition of several key board committees as part of its internal work arrangements, signaling an adjustment in its governance structure. Zhou Xinhuai has been appointed chairman of the Investment and Development Committee, with Ren Lixin, Xie Jun and independent non-executive director Andrew Y. Yan as members; Liu Xiaolei will chair the Audit and Risk Management Committee, joined by Zhou Song and independent non-executive director Simon X. Jiang; and Ren Lixin will chair the Sustainable Development Committee, with Zhang Daowei, Song Dayong and independent non-executive director Zhang Yuxin as members, while all other board committee roles remain unchanged. These shifts highlight a refreshed allocation of responsibilities among executive and independent non-executive directors, potentially sharpening oversight of investment strategy, risk management and sustainability issues at a time when governance and environmental performance are under growing scrutiny in the global energy industry.
The most recent analyst rating on (HK:0857) stock is a Buy with a HK$10.00 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.
PetroChina Company Limited has announced the current composition of its board of directors, led by Chairman Dai Houliang and Vice Chairman and Non-Executive Director Zhou Xinhuai, and comprising non-executive, executive and independent non-executive directors. The board has formed five specialized committees—Nomination, Audit and Risk Management, Investment and Development, Examination and Remuneration, and Sustainable Development—with clearly designated chairs and members, a move that underscores the company’s emphasis on structured corporate governance, risk oversight and long-term sustainability, which are important for investors and other stakeholders monitoring the company’s governance standards and strategic direction.
The most recent analyst rating on (HK:0857) stock is a Buy with a HK$10.00 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.
PetroChina Company Limited has entered into a 2026 Derivatives Framework Agreement with CNPC Finance, under which CNPC Finance will provide currency derivatives services, including various foreign exchange and interest rate products, to the group throughout 2026. As CNPC is PetroChina’s controlling shareholder and CNPC Finance is its subsidiary, the arrangement constitutes a continuing connected transaction under Hong Kong listing rules, triggering reporting, announcement and annual review requirements but exempting the company from issuing a circular or seeking independent shareholders’ approval. The agreement sets out pricing principles aligned with government benchmarks and prevailing market terms, with PetroChina required to benchmark CNPC Finance’s fees and terms against those of comparable independent financial institutions and to proceed only when conditions are equal to or better than market, thereby aiming to ensure arm’s‑length dealing and protect minority shareholders’ interests; historical usage in 2025 remained well below the approved annual cap, reflecting more subdued demand for swap transactions amid narrower interest rate spreads.
The most recent analyst rating on (HK:0857) stock is a Buy with a HK$10.00 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.
PetroChina Company Limited has appointed non-executive director Zhou Xinhuai as Vice Chairman of the company with immediate effect, strengthening the senior leadership structure at the state-backed energy group. The board-level reshuffle, which confirms Zhou’s elevation alongside existing chairman Dai Houliang and a broad mix of executive, non-executive and independent non-executive directors, underscores ongoing governance adjustments at one of China’s largest oil and gas producers, a move that may influence the company’s strategic direction and oversight as it navigates a changing global energy landscape.
The most recent analyst rating on (HK:0857) stock is a Buy with a HK$10.00 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.
PetroChina Company Limited announced that its first extraordinary general meeting of 2025, held in Beijing on 18 December, was duly convened and passed all proposed resolutions by poll, with a high level of shareholder participation representing over 86% of the company’s total voting shares. Shareholders approved the election of Zhou Xinhuai and Zhou Song as directors and Song Dayong as an executive director, as well as significant amendments to the company’s articles of association and internal procedural rules, including the abolition of the supervisory committee. These governance changes signal a restructuring of PetroChina’s oversight framework and board composition, which may affect its corporate decision-making processes and align its governance structure more closely with evolving regulatory and market expectations for large state-linked energy groups.
The most recent analyst rating on (HK:0857) stock is a Buy with a HK$10.00 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.
PetroChina Company Limited has announced the current composition of its board of directors, led by chairman Dai Houliang, detailing non-executive, executive and independent non-executive directors. The company also disclosed the membership structure of its five key board committees—Nomination, Audit, Investment and Development, Examination and Remuneration, and Sustainable Development—clarifying which directors serve as chair or members, a move that enhances transparency in corporate governance and provides investors with clearer insight into oversight responsibilities at the board level.
The most recent analyst rating on (HK:0857) stock is a Buy with a HK$10.00 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.
PetroChina Company Limited has announced the acquisition of entire equity interests in several target companies, which will become indirectly non-wholly owned subsidiaries. This acquisition involves the establishment of three new joint venture companies, which will enhance PetroChina’s gas storage and peak-shaving capabilities, adding 10.97 billion cubic meters of working gas storage capacity. This strategic move is expected to ensure stable operations and high-quality development of PetroChina’s natural gas industrial chain, improving adjustment efficiency and maximizing the overall benefits of the natural gas industry.
The most recent analyst rating on (HK:0857) stock is a Buy with a HK$10.00 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.
PetroChina Company Limited has announced the proposed election and appointment of Mr. Zhou Song as a Director, pending shareholder approval. Mr. Zhou, who holds significant experience in finance and management within major Chinese corporations, is expected to bring valuable expertise to the board, potentially influencing the company’s strategic direction and financial oversight.
The most recent analyst rating on (HK:0857) stock is a Buy with a HK$10.00 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.
PetroChina Company Limited has announced a supplemental notice for its 2025 first extraordinary general meeting (EGM) scheduled for December 18, 2025. The meeting will address the election of new directors and amendments to the company’s articles of association, including the abolition of the supervisory committee. These changes are aimed at enhancing corporate governance and operational efficiency, potentially impacting the company’s strategic direction and stakeholder engagement.
The most recent analyst rating on (HK:0857) stock is a Buy with a HK$10.00 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.
PetroChina Company Limited has announced its 2025 first extraordinary general meeting, scheduled for December 18, 2025, in Beijing. The meeting will address key resolutions, including the election of new directors and amendments to the company’s articles of association, which could impact its governance structure and strategic direction.
The most recent analyst rating on (HK:0857) stock is a Buy with a HK$8.00 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.
PetroChina Company Limited announced the resignation of Mr. Zhou Song as the chairman of the supervisory committee, effective October 31, 2025, due to changes in his work arrangements. The company assured that this change will not affect the normal operations of the supervisory committee, and expressed gratitude for Mr. Zhou’s contributions to its compliant operations and high-quality development.
The most recent analyst rating on (HK:0857) stock is a Buy with a HK$8.00 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.
PetroChina Company Limited has announced proposed amendments to its Articles of Association, the rules of procedures for its general meeting, and the board of directors’ procedures to align with the new Company Law of the People’s Republic of China. These changes, which include abolishing the supervisory committee, are intended to safeguard the rights of shareholders, employees, and creditors, and are subject to approval at the company’s general meeting.
The most recent analyst rating on (HK:0857) stock is a Buy with a HK$8.00 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.
PetroChina Company Limited has announced the appointment of Mr. Song Dayong as the senior vice-president and proposed his election as an executive director, pending shareholder approval at the 2025 extraordinary general meeting. Mr. Song, a seasoned professional in the petroleum industry, has held various leadership roles within the company and its subsidiaries, bringing extensive experience to his new position. This strategic appointment is expected to strengthen PetroChina’s leadership team and potentially enhance its operational efficiency and market position.
The most recent analyst rating on (HK:0857) stock is a Buy with a HK$8.00 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.
PetroChina Company Limited reported its third quarterly financial results for 2025, highlighting a slight increase in revenue by 2.3% for the third quarter compared to the previous year, despite a 3.9% decrease in profit attributable to owners. The company also noted a 3.3% increase in net cash flows from operating activities, indicating strong operational cash generation. However, the return on net assets and earnings per share both experienced declines, reflecting challenges in maintaining profitability. The financial performance underscores the company’s efforts to stabilize its operations amidst fluctuating market conditions.
The most recent analyst rating on (HK:0857) stock is a Buy with a HK$8.00 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.