|Bid||4.490 x 0|
|Ask||4.500 x 0|
|Day's Range||4.430 - 4.510|
|52 Week Range||4.430 - 6.740|
|Beta (3Y Monthly)||0.67|
|PE Ratio (TTM)||13.60|
|Forward Dividend & Yield||0.15 (2.95%)|
|1y Target Est||N/A|
SHANGHAI/SINGAPORE, May 23 (Reuters) - PetroChina is bucking normal practice and raising its wholesale natural gas prices during the weak-demand spring season, several sources said, preparing for the coming consolidation of China's pipeline assets and trying to recoup huge fuel import losses. The increases from PetroChina - which supplies more than 70 percent of China's gas - come as spring brings warmer temperatures, when demand and prices typically fall. PetroChina is also under pressure to recoup continuing losses from its gas import business due to high input costs versus government-capped domestic prices, sources with knowledge of the matter said.
SINGAPORE/YANGON (Reuters) - China National Petroleum Corp is planning to open dozens of petrol stations in Myanmar, the first major foreign investor to enter the fast-growing Southeast Asian fuel market, as the state giant expands its retail oil business, company officials said. The investment, which could eventually reach tens of millions of dollars, follows a new strategy to tap overseas retail margins as China's domestic fuel market is saturated. The move follows a similar but larger investment in Brazil, where CNPC's global trading and refining unit bought 30% of a leading Brazilian fuel dealer last year.
China's Foreign Ministry Spokesman Says He Wasn't Aware of Any Xi-Trump Phone CallHere are the KEY TAKEAWAYS from U.S.-China trade tensions Friday:The Trump administration imposed a 25% tariff on more than $200 billion in Chinese goods, up from 10% before, in its most aggressive step yet in the trade war. China said it will take ``necessary countermeasures,'' though has yet to specify themDay one of talks between top Chinese and U.S. economic officials in Washington ended with little progress and a downbeat mood, according to people familiar with the talks. The index closed up 3.1% and the yuan roseInvestors are also on the lookout for any sign of a call between Presidents Donald Trump and Xi Jinping, after Trump said he’d received a letter from Xi and flagged the potential for a phone conversation between themNext steps to watch include the details on China’s retaliation, news on any broader stimulus efforts to safeguard growth and on any move by Trump to impose new 25% tariffs on $325 billion more of imports, a threat that he reiterated Thursday Chris Anstey Managing Editor, Asia Cross-Asset Markets05/10 03:55 ETThank you for following our coverage of the ongoing China-U.S. trade spat.
Iraq will soon finalize a large-scale, long-term deal for the development of oil fields in the South with Exxon and PetroChina. The 30-year contract will involve investments of US$53 billion and potential returns for Baghdad of as much as US$400 billion over its lifetime
Iraq oil minister Thamer Ghadhban said on Wednesday he expects his ministry to sign an initial deal with Exxon Mobil and PetroChina "very soon", but did not give a specific date. "We have managed to take a step forward in resolving some lingering issues in the deal," Ghadhban said at an oil ministry event. Once the talks end, the initial deal will be studied by the ministerial energy committee before referring it to cabinet for approval, Ghadhban added.
BAGHDAD (AP) — Iraq is planning a $53 billion megaproject with global energy giants ExxonMobil and PetroChina to use seawater from the Persian Gulf to boost oil production, Prime Minister Adel Abdul-Mahdi announced Tuesday.
Iraq is close to signing a $53 billion, 30-year energy agreement with Exxon Mobil and PetroChina, Prime Minister Adel Abdul Mahdi said on Tuesday, denying any link between the mega-project and U.S. permission for Iraq to do business with Iran. Iraq expects to make $400 billion over the 30 years the deal will be in effect, the prime minister said. The southern mega-project involves the development of the Nahr Bin Umar and Artawi oilfields and raising production from the two fields to 500,000 barrels per day (bpd) from around 125,000 bpd now, Abdul Mahdi said.
Industrial and Commercial Bank of China Ltd., the country’s largest lender, displayed a similar pattern. State funds stepped in after U.S. President Donald Trump threatened China with steeper tariffs, ramping up tensions in a trade conflict that many investors had hoped was nearing an end. Chinese authorities have a long history of intervening to smooth swings in the country’s $7 trillion stock market, though their efforts have had mixed success in recent years.
BP’s Q1 Earnings Beat the Estimate, Stock Rose 2%(Continued from Prior Part)Implied volatility BP (BP) posted its first-quarter earnings, which beat analysts’ earnings expectation. The stock reacted positively to the news. In this part, we’ll
Chevron Stock Falls on Dull Q1 Numbers(Continued from Prior Part)Implied volatility in ChevronChevron’s (CVX) first-quarter earnings fell due to its lower Upstream and Downstream earnings. Its stock reacted negatively to this news. Let’s review
Total Stock Fell on Dull First-Quarter Performance(Continued from Prior Part)Implied volatility in TotalTotal (TOT) announced its first-quarter earnings on April 26, 2019. The company’s earnings declined, and the stock reacted negatively to the
April 30 (Reuters) - Zhenhai Petrochemical Engineering Co Ltd: * SAYS IT EXPECTS TO WIN SINOPEC'S (NOT PETROCHINA'S) BIDS WITH TOTAL INVESTMENT AT ABOUT 2.06 BILLION YUAN ($305.62 million) Source text ...
Total Stock Fell on Dull First-Quarter Performance(Continued from Prior Part)Total stock performanceIn this part, we’ll review Total’s (TOT) stock performance after its earnings release on April 26, 2019. Total stock opened at $55.4 per share on
SINGAPORE/SHANGHAI (Reuters) - PetroChina said on Monday its first-quarter net profit edged up 1 percent from a year earlier as a weaker refined fuel business offset strong growth at its exploration and production segment. The state-controlled giant, Asia's largest oil and gas producer, said net profit in the January-March period was 10.255 billion yuan ($1.52 billion), versus 10.15 billion a year ago. Total revenue grew 8.9 percent during the period to 591 billion yuan, the firm said in a filing to the Hong Kong Stock Exchange.
(Bloomberg) -- PetroChina Co. reported steady net income in the first quarter as higher exploration and production earnings countered a slump in refining.Net income rose 1 percent from a year ago to 10.26 billion yuan ($1.5 billion), the company said in a statement to the Hong Kong stock exchange on Monday, using international accounting standards.
PetroChina Company Limited (HKG:857), a large-cap worth HK$1.5t, comes to mind for investors seeking a strong and reliable stock investment. Most investors favour these big stocks due to their strong balance sheet and high market liqu...
Chevron’s Q1 Earnings Fell, Beat the Estimate(Continued from Prior Part)Chevron’s shareholder returns Chevron (CVX) released its first-quarter earnings on April 26. The company paid $2.2 billion in dividends in the first quarter. In the first
Will Shell’s Q1 Earnings Meet Wall Street Estimates?(Continued from Prior Part)Analyst ratings for ShellRoyal Dutch Shell (RDS.A) is slated to post its first-quarter earnings on May 2, 2019. In this post, we’ll assess analyst ratings for Shell
What to Expect from Total’s Q1 2019 Results(Continued from Prior Part)Implied volatility in Total In this part, we’ll look at Total’s (TOT) stock price forecast range based on its implied volatility for the ten days until its earnings. This
Will BP Post Lower Q1 Earnings? What Wall Street Expects(Continued from Prior Part)Short interest in BPShort interest in BP (BP) has risen by 0.04 percentage points since March 12, 2019, to its current level of 0.20%.Usually, a surge in short
Will BP Post Lower Q1 Earnings? What Wall Street Expects(Continued from Prior Part)BP’s returns BP’s (BP) earnings are expected to fall in the first quarter driven by lower upstream and weaker downstream earnings. Let’s review BP stock’s
Why Wall Street Expects Lower Q1 Earnings for Chevron(Continued from Prior Part)Short interest in Chevron Short interest in Chevron (CVX) has fallen by 0.22 percentage points since January 2, 2019, to the current level of 0.90%. Usually, a fall in