PetroChina Company Limited Class H (HK:0857)
:0857
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PetroChina Company
(0857)
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Rating:75Outperform
Price Target:
HK$12.00
▲(11.42% Upside)
Action:ReiteratedDate:04/04/26
The score is driven primarily by solid financial fundamentals (large earnings base and improving balance sheet) and attractive valuation (low P/E and strong dividend yield). Technicals add support with the stock trading above major moving averages, while the main constraint is uneven recent revenue/profitability momentum and volatile free cash flow.
Positive Factors
Operating cash generation
Consistently strong operating cash flow provides a durable funding base for capex, maintenance, and shareholder returns. Over a 2–6 month horizon this reliable OCF supports liquidity and operational resilience, enabling PetroChina to finance investments and reduce refinancing risk despite commodity volatility.
Negative Factors
Sustained revenue weakness
A multi-year revenue decline signals structural pressure on volumes, prices, or product mix rather than a single quarter fluctuation. Over the medium term this reduces operating leverage, constrains margin recovery and limits the pace at which earnings and free cash flow can normalize absent stronger commodity prices or higher domestic demand.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating cash generation
Consistently strong operating cash flow provides a durable funding base for capex, maintenance, and shareholder returns. Over a 2–6 month horizon this reliable OCF supports liquidity and operational resilience, enabling PetroChina to finance investments and reduce refinancing risk despite commodity volatility.
Read all positive factors
PetroChina Company (0857) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.50T
Dividend Yield6.32%
Average Volume (3M)201.06M
Price to Earnings (P/E)8.8
Beta (1Y)0.55
Revenue Growth-6.92%
EPS Growth-2.57%
CountryHK
Employees370,799
SectorEnergy
Sector Strength52
IndustryOil & Gas Integrated
Share Statistics
EPS (TTM)0.18
Shares Outstanding21,098,900,000
10 Day Avg. Volume181,194,192
30 Day Avg. Volume201,060,576
Financial Highlights & Ratios
PEG Ratio-1.97
Price to Book (P/B)0.87
Price to Sales (P/S)0.48
P/FCF Ratio11.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$11.75Price Target Upside9.14% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)1
Revenue Forecast (FY)HK$2.89T
PetroChina Company Business Overview & Revenue Model
Company Description
PetroChina Company Limited, together with its subsidiaries, engages in a range of petroleum related products, services, and activities in Mainland China and internationally. It operates through Exploration and Production, Refining and Chemicals, M...
How the Company Makes Money
PetroChina makes money primarily by selling energy and energy-related products and services across the oil and gas value chain. (1) Upstream (exploration & production): It earns revenue from producing and selling crude oil and natural gas. Cash fl...
PetroChina Company Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
66
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.86T | 2.94T | 3.01T | 3.24T | 2.61T |
| Gross Profit | 618.35B | 662.76B | 710.43B | 788.05B | 613.06B |
| EBITDA | 477.52B | 491.82B | 484.59B | 446.98B | 379.25B |
| Net Income | 157.30B | 164.68B | 161.14B | 148.74B | 92.16B |
Balance Sheet | |||||
| Total Assets | 2.83T | 2.75T | 2.75T | 2.67T | 2.50T |
| Cash, Cash Equivalents and Short-Term Investments | 245.08B | 219.06B | 277.28B | 233.30B | 167.51B |
| Total Debt | 314.32B | 355.47B | 413.19B | 464.51B | 470.30B |
| Total Liabilities | 1.03T | 1.04T | 1.12T | 1.14T | 1.09T |
| Stockholders Equity | 1.59T | 1.52T | 1.45T | 1.37T | 1.26T |
Cash Flow | |||||
| Free Cash Flow | 119.72B | 103.88B | 174.08B | 148.53B | 75.91B |
| Operating Cash Flow | 412.51B | 406.53B | 456.60B | 393.77B | 341.47B |
| Investing Cash Flow | -265.70B | -307.35B | -255.79B | -232.97B | -213.03B |
| Financing Cash Flow | -111.33B | -178.88B | -146.57B | -113.71B | -107.97B |
PetroChina Company Technical Analysis
Positive
10.77
Price Trends
9.84
Positive
9.15
Positive
8.19
Positive
Market Momentum
0.28
Positive
57.70
Neutral
35.87
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 10.77 is above the 20-day moving average (MA) of 10.68, above the 50-day MA of 9.84, and above the 200-day MA of 8.19, indicating a bullish trend. The MACD of 0.28 indicates Positive momentum. The RSI at 57.70 is Neutral, neither overbought nor oversold. The STOCH value of 35.87 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$2.50T | 8.75 | 10.04% | 6.32% | -6.92% | -2.57% | |
74 Outperform | HK$1.12T | 13.10 | 12.82% | 8.97% | -13.87% | -15.41% | |
68 Neutral | HK$1.33T | 7.65 | 16.65% | 6.76% | -9.81% | -8.84% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | HK$239.36B | 8.39 | 10.99% | 4.59% | -3.42% | -18.73% | |
50 Neutral | HK$756.37B | 16.07 | ― | 5.52% | -10.02% | -27.89% |
* Energy Sector Average
HK:0857
PetroChina Company
10.77
5.81
116.96%
HK:1898
China Coal Energy Co
13.59
6.78
99.62%
HK:1088
China Shenhua Energy Co
46.58
19.53
72.22%
HK:0386
China Petroleum & Chemical
4.59
1.05
29.55%
HK:0883
CNOOC Limited
27.02
12.49
85.99%
PetroChina Company Corporate Events
PetroChina Proposes Final 2025 Dividend and Sets H-Share Tax Terms
Mar 29, 2026
PetroChina Company Limited has proposed a final ordinary cash dividend of RMB 0.25 per share for the financial year ended 31 December 2025, with the exact Hong Kong dollar equivalent and exchange rate to be announced. Subject to shareholder approv...
PetroChina Renews Connected-Party and Financial Service Deals With CNPC for 2027–2029
Mar 29, 2026
PetroChina has renewed its framework agreements governing continuing connected transactions with controlling shareholder CNPC for the period from 2027 to 2029, including comprehensive and leasing arrangements that will remain subject to Hong Kong ...
PetroChina Sets March 27 Board Meeting to Approve 2025 Results and Final Dividend Plan
Mar 12, 2026
PetroChina has scheduled a board meeting for March 27, 2026, in Beijing to review and approve the group’s annual results for the year ended December 31, 2025, and to consider the publication of those results. The board will also discuss and ...
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.