|Bid||5.580 x 0|
|Ask||5.590 x 0|
|Day's Range||5.520 - 5.630|
|52 Week Range||4.720 - 6.660|
|PE Ratio (TTM)||125.76|
|Forward Dividend & Yield||0.07 (1.35%)|
|1y Target Est||6.98|
China's natural gas production is rising at the fastest pace in four years but that will not be enough to meet the demand for the fuel that has been unleashed through a government programme to raise gas usage in order to clean the country's polluted air. Gas output in China rose to a record 147.4 billion cubic metres (bcm) last year, up 8.5 percent from 2016, data from the National Bureau of Statistics showed. Gas production is forecast to climb by between 6 percent to 8 percent per year through 2020, according to researchers at China National Petroleum Corp.
Moody's Investors Service says that the positive earnings alert for PetroChina Company Limited -- the key listed subsidiary of China National Petroleum Corporation (CNPC, A1 stable) -- is credit positive ...
PetroChina Co. forecast for full-year profit possibly tripling came in below what analysts had expected, raising speculation that the company wrote down assets in the fourth quarter.
As Chinese stocks in Hong Kong gain for a 19th straight day, even perennial laggards like PetroChina Co. are joining the party.
The Zacks Analyst Blog Highlights: PetroChina, SORL Auto, Sinopec Shanghai, Autohome and Noah Holdings
China's economy, which is nearly two-third the size of the United States, might outpace the United States within the next 10 years if the current rate of expansion continues.
PetroChina has nearly doubled the amount of Russian crude being processed at its refinery in Dalian, the company's biggest, since January, as a new supply agreement has come into effect, a senior industry source with direct knowledge of the matter said on Wednesday. The Dalian Petrochemical Corp, located in the northeast port city of Dalian, is expected to process 13 million tonnes, or 260,000 barrels per day (bpd) of Russian pipeline crude this year, up by about 85 to 90 percent from last year's level, the source said. Dalian has the capacity to process about 410,000 bpd of crude.
* PetroChina operates the onshore Jabung block in Jambi, and also operates Tuban block along with state energy company PT Pertamina. * PetroChina is also interested in East Kalimantan block, which is operated by Chevron, and the contract is due to expire this year.
The construction permits associated with the pipeline has been temporarily suspended since Energy Transfer (ETP) has failed to comply with the Clean Streams Law and the Dam Safety Act.
Shell (RDS.A) remains on track to meet its $30-billion global divestment target by 2018, having completed more than $23 billion divestment deals.
Dec 29 (Reuters) - Binhai Investment Co Ltd: * UNIT ENTERED INTO NATURAL GAS ENTRUSTED TRANSMISSION, MEASUREMENT & HANDOVER 4-PARTY AGREEMENT * AGREEMENT WITH CNOOC TIANJIN COMPANY, PETROCHINA DAGANG ...
BP's (BP) short interest has fallen (percentage of outstanding shares) from 0.3% on October 2 to the current level of 0.2%. A fall like this usually shows that the bearish sentiment for the stock has decreased....
Dec 28 (Reuters) - Sichuan Expressway Co Ltd : * SAYS IT SIGNS REFINED OIL SALES CONTRACT WITH PETROCHINA'S SICHUAN BRANCH, EXPECTS 2018 TRANSACTION AMOUNT OF UP TO 1.5 BILLION YUAN ($229.59 million) Source ...
PetroChina's oil and gas trading arm aims to buy petrol stations and fuel storage facilities, setting up business in West Africa, Brazil and Pakistan in a major global expansion aimed at taking on international rivals, according to three senior oil industry executives briefed on the plans. The ambitious drive at one of the world's top oil merchants is taking shape eight months after Tian Jinghui, a vice president at PetroChina, took over the reins at Chinaoil, PetroChina's trading vehicle.
PetroChina's oil and gas trading arm aims to buy petrol stations and fuel storage facilities, according to executives.
To conclude the biggest movers in the refining and marketing and integrated energy sectors, we'll now look at Wall Street recommendations for the leading gainers and losers this week.
Continuing with the biggest movers in the energy sector, we'll now look at the top gainers from the US integrated energy sector for the week starting December 11.
PetroChina conducts its first major internal transfer of mining rights between subsidiaries to allow those with mature fields to look for oil and gas in under-developed regions.
Dec 5 (Reuters) - Hong Kong stock exchange filing * SHOWS BLACKROCK INC BUYS 81.3 MLN H-SHARES IN PETROCHINA CO LTD AT AN AVERAGE PRICE PER SHARE OF HK$5.245 ($0.2873) ON NOV 30 * SHOWS BLACKROCK'S LONG ...
Royal Dutch Shell (RDSa.L) and PetroChina have taken a big step towards a long awaited gas development in Australia, signing a 27-year deal to supply Shell's Queensland Curtis Liquefied Natural Gas (QCLNG) project. The deal would bring to market about 5 trillion cubic feet of gas held by Shell and PetroChina's Arrow Energy in the state of Queensland, Arrow said. Arrow's Surat Basin gas is among the biggest undeveloped resources in eastern Australia but the project has been stuck on the drawing board since getting state and federal approvals in 2013 due to high costs and weak gas prices.
Chevron, Total and PetroChina may form a consortium to develop Iraq's Majnoon oilfield which Royal Dutch Shell wants to exit, Oil Minister Jabar al-Luaibi said in Vienna on Thursday. Shell plans to exit Majnoon and hand over its operation to state-run Basra Oil Co. by the end of June 2018.
Electro Scientific, Ciena, Exxon Mobil, BP and PetroChina as Zacks Bull and Bear of the Day
BP is clearly a better investment proposition than Exxon Mobil and PetroChina on the back of strong earnings performance and estimate revisions.