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PetroChina Company
(OTC:0857)
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Rating:71Outperform
Price Target:
HK$9.50
▼(-11.13% Downside)
Action:Reiterated
Date:05/01/26
The score is driven by strong valuation (low P/E and ~4.27% yield) and solid balance-sheet quality, offset by weak revenue momentum and uneven free-cash-flow conversion. Technicals are supportive but appear overextended, which modestly tempers the overall score.
Positive Factors
Balance-sheet strength
Conservative leverage (debt-to-equity ~0.20) and consistent ~10% ROE create durable financial flexibility. This lowers refinancing risk, supports capital spending and dividends through commodity cycles, and provides a buffer to absorb temporary cashflow swings over the next 2–6 months.
Negative Factors
Sharp revenue decline
A severe TTM revenue decline (-58.4%) and multi-year top-line erosion materially weakens scale and growth prospects. Persistent revenue contraction constrains margin leverage, capex prioritization and competitive positioning, making recovery and durable earnings expansion harder over 2–6 months.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
Conservative leverage (debt-to-equity ~0.20) and consistent ~10% ROE create durable financial flexibility. This lowers refinancing risk, supports capital spending and dividends through commodity cycles, and provides a buffer to absorb temporary cashflow swings over the next 2–6 months.
Read all positive factors
PetroChina Company (0857) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.85T
Dividend Yield6.32%
Average Volume (3M)114.42M
Price to Earnings (P/E)10.4
Beta (1Y)0.67
Revenue Growth-1.41%
EPS Growth-2.26%
CountryHK
Employees370,799
SectorEnergy
Sector Strength52
IndustryOil & Gas Integrated
Share Statistics
EPS (TTM)0.64
Shares Outstanding21,098,900,000
10 Day Avg. Volume111,382,270
30 Day Avg. Volume114,418,521
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$12.51Price Target Upside17.00% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)1.03
Revenue Forecast (FY)HK$3.21T
PetroChina Company Business Overview & Revenue Model
Company Description
PetroChina Company Limited is a major energy enterprise, managing an extensive range of oil and gas-related activities and services through its subsidiaries, with operations spanning mainland China and international territories. The company's busi...
How the Company Makes Money
PetroChina makes money through a diversified, integrated energy value chain, with revenue largely driven by commodity-linked sales volumes and market prices:
1) Upstream (Exploration & Production)
- Revenue is generated by producing and selling c...
PetroChina Company Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
76
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.85T | 2.86T | 2.94T | 3.01T | 3.24T | 2.61T |
| Gross Profit | 605.11B | 618.35B | 662.76B | 710.43B | 788.05B | 613.06B |
| EBITDA | 356.95B | 477.52B | 491.82B | 484.59B | 446.98B | 379.25B |
| Net Income | 158.81B | 157.30B | 164.68B | 161.14B | 148.74B | 92.16B |
Balance Sheet | ||||||
| Total Assets | 3.04T | 2.83T | 2.75T | 2.75T | 2.67T | 2.50T |
| Cash, Cash Equivalents and Short-Term Investments | 269.38B | 245.08B | 219.06B | 277.28B | 233.30B | 167.51B |
| Total Debt | 397.02B | 314.32B | 355.47B | 413.19B | 464.51B | 470.30B |
| Total Liabilities | 1.20T | 1.03T | 1.04T | 1.12T | 1.14T | 1.09T |
| Stockholders Equity | 1.62T | 1.59T | 1.52T | 1.45T | 1.37T | 1.26T |
Cash Flow | ||||||
| Free Cash Flow | 72.66B | 119.72B | 103.88B | 174.08B | 148.53B | 75.91B |
| Operating Cash Flow | 362.08B | 412.51B | 406.53B | 456.60B | 393.77B | 341.47B |
| Investing Cash Flow | -288.76B | -265.70B | -307.35B | -255.79B | -232.97B | -213.03B |
| Financing Cash Flow | -106.54B | -111.33B | -178.88B | -146.57B | -113.71B | -107.97B |
PetroChina Company Technical Analysis
Negative
10.69
Price Trends
10.33
Negative
10.05
Negative
8.92
Negative
Market Momentum
-0.45
Positive
23.65
Positive
9.74
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0857, the sentiment is Negative. The current price of 10.69 is above the 20-day moving average (MA) of 9.74, above the 50-day MA of 10.33, and above the 200-day MA of 8.92, indicating a bearish trend. The MACD of -0.45 indicates Positive momentum. The RSI at 23.65 is Positive, neither overbought nor oversold. The STOCH value of 9.74 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | HK$1.02T | 7.08 | 15.25% | 6.76% | -3.90% | -11.54% | |
77 Outperform | HK$963.62B | 15.22 | 12.12% | 8.97% | -6.04% | -7.87% | |
71 Outperform | HK$1.85T | 10.38 | 10.04% | 6.32% | -1.41% | -2.26% | |
67 Neutral | HK$48.19B | 13.49 | 8.25% | 3.59% | 4.22% | 22.46% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
55 Neutral | HK$603.11B | 14.82 | 4.45% | 5.52% | -7.22% | -15.49% | |
46 Neutral | HK$34.74B | 59.36 | 6.84% | ― | -0.38% | 11.02% |
* Energy Sector Average
HK:0857
PetroChina Company
8.78
2.43
38.33%
HK:2883
China Oilfield Services
6.27
0.09
1.49%
HK:1088
China Shenhua Energy Co
40.62
10.95
36.91%
HK:0386
China Petroleum & Chemical
4.07
0.17
4.47%
HK:1033
Sinopec Oilfield Service
0.56
-0.14
-20.00%
HK:0883
CNOOC Limited
20.86
4.15
24.83%
PetroChina Company Corporate Events
PetroChina Reshapes Board Committees to Strengthen Governance Oversight
Jun 9, 2026
PetroChina has reshuffled the membership of its key board committees, appointing new chairs and members to the nomination, audit and risk management, investment and development, examination and remuneration, and sustainable development committees....
PetroChina AGM Backs Dividend Payout, RMB50 Billion Debt Mandate and Board Changes
Jun 9, 2026
PetroChina shareholders approved all resolutions at the 2025 annual general meeting in Beijing, including the 2025 board report, financial statements, profit distribution plan, and authorization for the board to set the 2026 interim profit distrib...
PetroChina Sets Final 2025 Dividend and Clarifies Withholding Tax for H-Shareholders
Jun 9, 2026
PetroChina Company Limited has declared a final ordinary dividend of RMB 0.25 per share for the year ended 31 December 2025, with shareholder approval obtained on 9 June 2026. The payout to Hong Kong H-shareholders will be made in Hong Kong dollar...
PetroChina Appoints CNPC Veteran Zhou Jian as Employee Director
Jun 9, 2026
PetroChina Company Limited has appointed 55-year-old Zhou Jian as the employee director for its tenth board session, following his election by employee representatives, with his term effective from 9 June 2026 and aligned with the board’s te...
PetroChina Reshapes Board Roles and Committee Line-Up
Jun 9, 2026
PetroChina Company Limited has updated the composition of its board of directors, confirming Dai Houliang as chairman and Zhou Xinhuai as vice chairman and non-executive director, alongside a mix of executive, non-executive, independent non-execut...
PetroChina Tightens Board Governance With New Nomination Committee Rules
Apr 29, 2026
PetroChina Company Limited has adopted detailed rules for its Board Nomination Committee to strengthen governance over the selection, evaluation and succession of directors and senior officers. The committee will consist mainly of independent dire...
PetroChina Sets Detailed Rules for Board Examination and Remuneration Committee
Apr 29, 2026
PetroChina Company Limited has formalized detailed Rules of Procedure for its Board Examination and Remuneration Committee, specifying its composition, independence requirements, and terms of office for committee members. The committee must consis...
PetroChina Posts Higher Q1 Profit Despite Revenue Dip and Weaker Cash Flow
Apr 29, 2026
PetroChina reported first-quarter 2026 revenue of RMB 736.38 billion, down 2.2% year on year, while profit attributable to shareholders edged up 1.9% to RMB 48.33 billion, keeping return on net assets stable at 3.0%. Basic and diluted earnings per...
PetroChina Sets Final 2025 Dividend and Tax Terms for H Shareholders
Apr 23, 2026
PetroChina Company Limited has declared a final ordinary dividend of RMB 0.25 per share for the financial year ended 31 December 2025, with shareholder approval scheduled for 9 June 2026. The dividend for Hong Kong–listed H shares will be pa...
PetroChina Sets 2025 AGM to Approve Results, Profit Plan and RMB50 Billion Debt Mandate
Apr 23, 2026
PetroChina Company Limited has called its 2025 annual general meeting for 9 June 2026 in Beijing, where shareholders will review and vote on the board’s annual report, the 2025 financial statements, the 2025 profit distribution plan, and aut...
PetroChina Board Sets Date to Approve First-Quarter 2026 Results
Apr 17, 2026
PetroChina Company Limited is a major integrated oil and gas producer and distributor based in the People’s Republic of China. Listed in Hong Kong, it operates across the petroleum value chain, including exploration, production, refining and...
PetroChina Parent CNPC Lifts Stake Through A and H Share Purchases
Apr 7, 2026
PetroChina announced the completion of a planned shareholding increase by its controlling shareholder, China National Petroleum Corporation, and CNPC’s wholly owned subsidiary Fairy King Investments. Before the transactions, CNPC and Fairy K...
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 ...
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.