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PetroChina Company
(0857)
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Rating:74Outperform
Price Target:
HK$11.50
â–˛(15.35% Upside)
Action:Upgraded
Date:09/09/26
Overall score is driven primarily by solid financial resilience (conservative leverage, healthy profitability, and positive free cash flow). Technicals add support with the stock trading above major moving averages and neutral momentum. Valuation is a positive contributor due to a moderate P/E and strong dividend yield, while the lack of earnings-call qualitative detail prevents additional upside in the score.
Positive Factors
Integrated energy platform
PetroChina’s presence across upstream, downstream, midstream and chemicals creates a broad earnings platform. This integration can support supply flexibility, internal logistics and multiple revenue streams, helping the company remain resilient as demand and profitability vary across energy segments.
Negative Factors
Margin compression
The decline in gross and EBITDA margins indicates that profitability has become less favorable than in 2022–2023. If cost pressure or a weaker pricing mix persists, lower operating margins could limit earnings growth even while revenue continues to expand.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated energy platform
PetroChina’s presence across upstream, downstream, midstream and chemicals creates a broad earnings platform. This integration can support supply flexibility, internal logistics and multiple revenue streams, helping the company remain resilient as demand and profitability vary across energy segments.
Read all positive factors
PetroChina Company (0857) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.36T
Dividend Yield5.64%
Average Volume (3M)77.92M
Price to Earnings (P/E)11.8
Beta (1Y)0.61
Revenue Growth10.00%
EPS Growth15.07%
CountryHK
Employees367,173
SectorEnergy
Sector Strength52
IndustryOil & Gas Integrated
Share Statistics
EPS (TTM)0.73
Shares Outstanding21,098,900,000
10 Day Avg. Volume65,922,150
30 Day Avg. Volume77,917,566
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$12.02Price Target Upside20.51% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.02
Revenue Forecast (FY)HK$3.16T
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 primarily makes money by selling energy and chemical products and by providing midstream transportation services across several major segments. (1) Upstream: It generates revenue from the sale of produced crude oil and natural gas. Earn...
PetroChina Company Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.94T | 2.86T | 2.94T | 3.01T | 3.24T | 2.61T |
| Gross Profit | 538.92B | 618.35B | 662.76B | 710.43B | 788.05B | 613.06B |
| EBITDA | 419.93B | 477.52B | 491.82B | 484.59B | 446.98B | 379.25B |
| Net Income | 177.23B | 157.30B | 164.68B | 161.14B | 148.74B | 92.16B |
Balance Sheet | ||||||
| Total Assets | 3.02T | 2.83T | 2.75T | 2.75T | 2.67T | 2.50T |
| Cash, Cash Equivalents and Short-Term Investments | 281.89B | 245.08B | 219.06B | 277.28B | 233.30B | 167.51B |
| Total Debt | 372.37B | 314.32B | 355.47B | 413.19B | 464.51B | 470.30B |
| Total Liabilities | 1.18T | 1.03T | 1.04T | 1.12T | 1.14T | 1.09T |
| Stockholders Equity | 1.64T | 1.59T | 1.52T | 1.45T | 1.37T | 1.26T |
Cash Flow | ||||||
| Free Cash Flow | 151.27B | 119.72B | 103.88B | 174.08B | 148.53B | 75.91B |
| Operating Cash Flow | 441.26B | 412.51B | 406.53B | 456.60B | 393.77B | 341.47B |
| Investing Cash Flow | -280.94B | -265.70B | -307.35B | -255.79B | -232.97B | -213.03B |
| Financing Cash Flow | -150.62B | -111.33B | -178.88B | -146.57B | -113.71B | -107.97B |
PetroChina Company Technical Analysis
Positive
9.97
Price Trends
9.69
Positive
10.00
Positive
9.50
Positive
Market Momentum
0.13
Negative
61.25
Neutral
55.25
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 9.97 is above the 20-day moving average (MA) of 9.96, above the 50-day MA of 9.69, and above the 200-day MA of 9.50, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 61.25 is Neutral, neither overbought nor oversold. The STOCH value of 55.25 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | HK$1.27T | 7.70 | 16.54% | 5.77% | 10.53% | 12.73% | |
74 Outperform | HK$2.36T | 11.79 | 11.07% | 5.64% | 10.00% | 15.07% | |
71 Outperform | HK$1.13T | 16.96 | 12.99% | 4.82% | 16.50% | 4.45% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | HK$58.31B | 15.90 | 8.30% | 4.21% | 6.80% | 14.80% | |
57 Neutral | HK$751.42B | 18.99 | 4.29% | 4.59% | 0.12% | 3.83% | |
51 Neutral | HK$40.93B | 65.18 | 7.04% | 2.13% | 3.31% | 18.03% |
* Energy Sector Average
HK:0857
PetroChina Company
10.43
3.20
44.26%
HK:2883
China Oilfield Services
7.69
0.88
12.98%
HK:1088
China Shenhua Energy Co
46.86
11.34
31.94%
HK:0386
China Petroleum & Chemical
4.92
0.82
19.94%
HK:1033
Sinopec Oilfield Service
0.71
-0.09
-11.25%
HK:0883
CNOOC Limited
25.82
6.79
35.67%
PetroChina Company Corporate Events
PetroChina Announces 2026 Interim Results and Robust Dividend Payout
Aug 30, 2026
PetroChina released a summary of its unaudited interim results for the six months ended June 30, 2026, prepared under both China Accounting Standards and IFRS Accounting Standards. The board confirmed the accuracy and completeness of the report an...
PetroChina Sets Interim Dividend and Outlines Tax Terms for H Shareholders
Aug 30, 2026
PetroChina Company Limited has declared an interim ordinary dividend of RMB 0.26 per share for the six months ended June 30, 2026, payable to holders of its H shares in Hong Kong at HKD 0.30047 per share. The ex-dividend date is September 10, 2026...
PetroChina Injects RMB4.2 Billion into Kunlun Capital to Advance Low‑Carbon Strategy
Aug 30, 2026
PetroChina Company Limited has agreed with its controlling shareholder China National Petroleum Corporation (CNPC), CNPC Capital and Kunlun Capital to subscribe to a non‑pro‑rata capital increase in Kunlun Capital totaling RMB11.6 bill...
PetroChina Board to Review 2026 Interim Results and Consider Interim Dividend
Aug 17, 2026
PetroChina Company Limited has scheduled a board meeting for August 28, 2026, at its Beijing headquarters to review and approve the interim results for the six months ended June 30, 2026. The board will also consider the publication of these resul...
PetroChina Relocates Hong Kong Office to Cheung Kong Center II
Jun 30, 2026
With effect from 30 June 2026, PetroChina will relocate its Hong Kong representative office and principal place of business from Lippo Centre in Queensway to the East Tower of Cheung Kong Center II in Central. The move positions the company in a p...
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...
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.