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PetroChina Company Limited Class H (HK:0857)
:0857

PetroChina Company (0857) AI Stock Analysis

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HK

PetroChina Company

(OTC:0857)

Rating:73Outperform
Price Target:
HK$7.50
▲(10.13%Upside)
PetroChina's strong financial performance and attractive valuation are the primary strengths driving its score. However, technical indicators suggest potential overbought conditions, and concerns over declining revenue and cash flow stability reduce the overall score.
Positive Factors
Dividends
Earnings and cash flow to stay at elevated levels and support decent dividend yield of approximately 8%.
Earnings
Strong upstream profitability and firm marketing and natural gas sales helped offset weaker oil prices.
Energy Transition
PetroChina is the largest integrated oil major in China, leading the energy transformation and driving China’s carbon neutrality policy.
Negative Factors
Competition
Stronger-than-expected demand recovery for refined oil products and chemicals could alleviate current intensified competition.
Oil Prices
Softer oil prices may drag on future earnings, but PetroChina has showed strong earnings.
Regulatory Risks
Downside risks include execution disappointment and natural gas losses as well as regulatory risks.

PetroChina Company (0857) vs. iShares MSCI Hong Kong ETF (EWH)

PetroChina Company Business Overview & Revenue Model

Company DescriptionPetroChina Company Limited, a subsidiary of China National Petroleum Corporation (CNPC), is one of the largest oil and gas producers and distributors in China. Headquartered in Beijing, the company operates in various sectors including exploration and production, refining and chemicals, marketing and trading, and natural gas and pipelines. PetroChina is involved in the exploration, development, production, and sale of crude oil and natural gas, as well as the refining, transportation, storage, and marketing of petroleum products and petrochemicals.
How the Company Makes MoneyPetroChina generates revenue through its extensive operations in the oil and gas industry. The primary revenue streams include the exploration and production of crude oil and natural gas, which are sold both domestically and internationally. The refining and chemicals segment processes crude oil into various petroleum products, which are then distributed through its marketing and trading networks. Additionally, the company operates a vast network of pipelines for the transportation of oil and gas, adding another revenue layer through transportation fees. PetroChina's strategic partnerships and joint ventures, particularly in international markets, also contribute significantly to its earnings by expanding its market reach and access to resources. Government policies and global oil prices are significant factors influencing PetroChina’s financial performance.

PetroChina Company Financial Statement Overview

Summary
PetroChina exhibits robust profitability and a strong balance sheet with a solid equity base and limited leverage risk. However, declining revenue and significant free cash flow reduction are concerning and could affect future growth potential.
Income Statement
75
Positive
PetroChina's income statement reflects strong profitability with a gross profit margin of 22.79% and a net profit margin of 5.76% for TTM. The EBIT margin stands at 8.87%, indicating efficient operations. However, there is a noticeable decline in revenue over the past year, with a negative revenue growth rate of -10.48% from 2022 to 2023, which could be a concern for future growth.
Balance Sheet
80
Positive
The balance sheet shows a strong equity position with an equity ratio of 55.06% and a manageable debt-to-equity ratio of 0.17, reflecting limited leverage risk. The return on equity is solid at 10.60%, showcasing effective use of equity capital. PetroChina maintains a stable financial structure, although the decrease in total assets from 2022 to 2023 should be monitored.
Cash Flow
68
Positive
Cash flow analysis indicates a decline in free cash flow growth rate by -92.06% in TTM, primarily due to high capital expenditures. The operating cash flow to net income ratio is 0.64, suggesting moderate cash flow generation relative to net income. The free cash flow to net income ratio is 0.05, showing limited cash flow available after capital spending. This highlights potential cash flow challenges despite overall profitability.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue2.88T2.94T3.01T3.24T2.61T1.93T
Gross Profit656.09B662.76B710.43B788.05B613.06B452.16B
EBITDA258.17B491.82B484.59B446.98B379.25B277.60B
Net Income165.80B164.68B161.14B148.74B92.16B33.48B
Balance Sheet
Total Assets2.84T2.75T2.75T2.67T2.50T2.49T
Cash, Cash Equivalents and Short-Term Investments299.70B219.06B277.28B233.30B167.51B145.95B
Total Debt263.74B254.00B295.62B464.51B470.30B498.14B
Total Liabilities1.08T1.04T1.12T1.14T1.09T1.12T
Stockholders Equity1.56T1.52T1.45T1.37T1.26T1.22T
Cash Flow
Free Cash Flow8.26B103.88B174.08B148.53B75.91B61.85B
Operating Cash Flow106.25B406.53B456.60B393.77B341.47B318.57B
Investing Cash Flow-287.98B-307.35B-255.79B-232.97B-213.03B-181.99B
Financing Cash Flow-121.94B-178.88B-146.57B-113.71B-107.97B-99.40B

PetroChina Company Technical Analysis

Technical Analysis Sentiment
Positive
Last Price6.81
Price Trends
50DMA
6.35
Positive
100DMA
6.02
Positive
200DMA
5.87
Positive
Market Momentum
MACD
0.11
Positive
RSI
59.62
Neutral
STOCH
77.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0857, the sentiment is Positive. The current price of 6.81 is below the 20-day moving average (MA) of 6.83, above the 50-day MA of 6.35, and above the 200-day MA of 5.87, indicating a neutral trend. The MACD of 0.11 indicates Positive momentum. The RSI at 59.62 is Neutral, neither overbought nor oversold. The STOCH value of 77.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0857.

PetroChina Company Peers Comparison

Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
83
Outperform
€896.07B5.7319.25%7.24%
80
Outperform
$846.52B9.8412.78%7.89%-7.73%-6.97%
76
Outperform
$151.37B6.2412.03%6.10%-4.04%-12.32%
73
Outperform
$1.67T7.24
8.02%-7.86%1.52%
67
Neutral
$690.55B11.25
3.65%-7.72%-26.66%
57
Neutral
HK$84.70B3.61-2.08%4.93%-4.66%-42.32%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0857
PetroChina Company
6.81
-0.96
-12.36%
HK:0386
China Petroleum & Chemical
4.18
-0.59
-12.42%
HK:1088
China Shenhua Energy Co
31.05
-3.35
-9.73%
HK:0883
CNOOC Limited
18.22
-3.24
-15.09%
HK:1898
China Coal Energy Co
9.27
0.98
11.86%

PetroChina Company Corporate Events

PetroChina Announces Board Composition and Roles
Jun 30, 2025

PetroChina Company Limited has announced the composition of its board of directors, highlighting the roles and functions of each member. This announcement underscores the company’s commitment to structured governance and strategic oversight, which could have implications for its operational efficiency and stakeholder confidence.

The most recent analyst rating on (HK:0857) stock is a Hold with a HK$6.40 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.

PetroChina Announces Resignation of Key Board Member
Jun 30, 2025

PetroChina Company Limited announced the resignation of Mr. Hou Qijun from his roles as non-executive Director, vice chairman, and chairman of the investment and development committee of the Board due to work adjustment. The company acknowledged Mr. Hou’s strategic vision and contributions to its high-quality development, expressing gratitude for his service.

The most recent analyst rating on (HK:0857) stock is a Hold with a HK$7.60 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.

PetroChina Announces Changes to Board Committees
Jun 20, 2025

PetroChina Company Limited has announced changes to its Board committees, appointing Mr. Zhang Yuxin as chairman of the Examination and Remuneration Committee, with Mr. Duan Liangwei and Mr. Ho Kevin King Lun as members. Additionally, Mr. Huang Yongzhang has been appointed as chairman of the Sustainable Development Committee, joined by Mr. Ren Lixin, Mr. Zhang Daowei, and Mr. Zhang Yuxin as members. These adjustments reflect the company’s ongoing efforts to enhance its governance structure and focus on sustainable growth.

The most recent analyst rating on (HK:0857) stock is a Hold with a HK$5.70 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.

PetroChina Announces Board of Directors and Roles
Jun 20, 2025

PetroChina Company Limited has announced the composition of its board of directors and their respective roles, highlighting the leadership structure that includes a mix of executive, non-executive, and independent directors. This announcement underscores the company’s commitment to robust governance and strategic oversight, which is crucial for maintaining its competitive edge in the energy market and ensuring sustainable development.

The most recent analyst rating on (HK:0857) stock is a Hold with a HK$5.70 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.

PetroChina Approves Key Resolutions at 2024 AGM
Jun 5, 2025

PetroChina Company Limited has announced the successful passage of several resolutions at its 2024 Annual General Meeting and the 2025 Shareholders’ Class Meetings. Key decisions include the approval of the 2024 financial report, profit distribution plan, and the appointment of KPMG as auditors for 2025. Additionally, a new independent non-executive director has been appointed. These resolutions are expected to strengthen the company’s governance and financial planning, potentially enhancing its market position and shareholder value.

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 Announces Board Composition and Strategic Focus
Jun 5, 2025

PetroChina Company Limited has announced the composition of its board of directors, highlighting the roles and functions of each member. This announcement provides insights into the company’s governance structure and indicates a strategic focus on sustainable development, investment, and remuneration, which could influence its operational and market strategies.

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 Declares Final Dividend for 2024
Jun 5, 2025

PetroChina Company Limited announced a final cash dividend of RMB 0.25 per share for the financial year ending December 31, 2024, with an equivalent payment of HKD 0.2727 per share for Hong Kong shareholders. The announcement includes details on withholding tax rates applicable to non-resident shareholders, reflecting the company’s compliance with international tax agreements and its commitment to shareholder returns.

The most recent analyst rating on (HK:0857) stock is a Hold with a HK$5.70 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.

PetroChina Announces AGM with Key Director Election
May 21, 2025

PetroChina Company Limited has announced a supplemental notice for its Annual General Meeting (AGM) scheduled for June 5, 2025, in Beijing. The key agenda item is the election of Mr. Zhang Yuxin as an independent non-executive director. This meeting is crucial for stakeholders as it involves decisions on company leadership, potentially impacting PetroChina’s strategic direction and governance.

The most recent analyst rating on (HK:0857) stock is a Hold with a HK$5.70 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.

PetroChina Proposes Appointment of New Independent Director
Apr 29, 2025

PetroChina Company Limited has announced the proposed election and appointment of Mr. Zhang Yuxin as an independent non-executive director, pending shareholder approval. Mr. Zhang brings extensive experience in the power and energy industry, which could enhance PetroChina’s strategic positioning and governance, potentially impacting its operational efficiency and stakeholder relations positively.

PetroChina Reports Resilient Q1 2025 Financial Performance Amid Revenue Decline
Apr 29, 2025

PetroChina Company Limited reported its first quarterly results for 2025, showing a decrease in revenue by 7.3% compared to the previous year, totaling RMB 753,108 million. Despite the revenue decline, the company achieved a 2.3% increase in profit attributable to owners, amounting to RMB 46,809 million. The report highlights a significant improvement in net cash flows from operating activities, which rose by 25.3% to RMB 139,436 million. These results indicate a strong financial position with total assets increasing by 3.2% and equity attributable to owners rising by 3.3%, reflecting PetroChina’s resilience and strategic management in a challenging market environment.

PetroChina Announces 2024 Annual General Meeting and Strategic Financial Plans
Apr 16, 2025

PetroChina Company Limited has announced its annual general meeting for 2024, scheduled for June 5, 2025, in Beijing. The meeting will address several key resolutions, including the approval of the 2024 financial report, profit distribution plan, and the appointment of auditors for 2025. Additionally, a special resolution will be considered to grant the board a mandate to issue debt financing instruments up to RMB100 billion, highlighting the company’s strategic financial planning and potential market expansion.

PetroChina Announces 2025 H Shareholders’ Class Meeting to Discuss Share Repurchase Mandate
Apr 16, 2025

PetroChina Company Limited has announced the convening of its 2025 first H Shareholders’ Class Meeting, scheduled for June 5, 2025, in Beijing. The meeting will focus on a special resolution to grant the Board a general mandate for repurchasing company shares, a move that could impact the company’s share value and investor relations. This decision reflects PetroChina’s strategic approach to managing its equity structure and enhancing shareholder value.

PetroChina Announces Final Dividend for 2024
Apr 16, 2025

PetroChina Company Limited has announced a final cash dividend of RMB 0.25 per share for the year ending December 31, 2024. The dividend will be subject to various withholding tax rates depending on the residency status of shareholders, with specific provisions for those in countries with tax agreements with China. This announcement reflects PetroChina’s financial performance and commitment to returning value to shareholders, potentially impacting investor sentiment and market positioning.

PetroChina Schedules Board Meeting to Review Q1 2025 Financial Results
Apr 15, 2025

PetroChina Company Limited has announced that its board of directors will meet on April 29, 2025, to consider and approve the financial results for the first quarter of 2025. This meeting is significant as it will provide insights into the company’s financial health and performance, potentially impacting its market position and stakeholder interests.

PetroChina’s Major Shareholder Plans Significant Shareholding Increase
Apr 8, 2025

PetroChina Company Limited announced that its controlling shareholder, China National Petroleum Corporation (CNPC), plans to increase its shareholdings in the company by purchasing additional A and H shares over the next 12 months. This Shareholding Increase Plan, valued between RMB2.8 billion and RMB5.6 billion, reflects CNPC’s confidence in PetroChina’s future prospects and aims to strengthen its position in the market. The plan will be executed through centralized price bidding and secondary market purchases, funded by CNPC’s internal resources. PetroChina will monitor and disclose any developments regarding the plan, although there are risks of partial or non-implementation due to market fluctuations.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jun 05, 2025