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    857   CNE1000003W8

PETROCHINA COMPANY LIMITED

(857)
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End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 05/11
3.13 HKD   -2.80%
05:53aPETROCHINAá : Form 6-K)
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01:26aMARKET CHATTER : China Orders Two Small LNG Firms to Avoid Buying From Australia
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PetroChina Sets Up Billion-Dollar Investment Company to Push Low-Carbon Strategies

04/29/2021 | 06:19am EDT

By Yifan Wang

PetroChina Co. is setting up a billon-dollar investment company to push forward its low-carbon development, as emission cuts become an increasingly important part of all businesses.

The investment company is expected to have a total registered capital of 10 billion yuan ($1.54 billion), with the Chinese oil major contributing CNY2.9 billion in cash from its internal funds.

PetroChina's state-owned controlling shareholder, China National Petroleum Corp., will contribute CNY5.1 billion to take the majority stake. CNPC Capital Co., a financial subsidiary of CNPC, will pay CNY2.0 billion.

The newly-established company will focus on investing in "strategic emerging industries" that are beneficial to PetroChina's "green low-carbon strategy," it said in a statement on Thursday.

The move came after all three Chinese oil majors, PetroChina, Sinopec and CNOOC, in recent months played up their ambitions to expand into the fast-growing new-energy market, as governments around the world signal policy priority for carbon emission cuts.

Write to Yifan Wang at yifan.wang@wsj.com

(END) Dow Jones Newswires

04-29-21 0618ET

Stocks mentioned in the article
ChangeLast1st jan.
CNOOC LIMITED -3.51% 8.8 End-of-day quote.22.56%
CNPC CAPITAL COMPANY LIMITED -0.50% 6.03 End-of-day quote.-11.06%
DJ INDUSTRIAL -1.37% 33799.33 Delayed Quote.13.51%
LONDON BRENT OIL 1.19% 69.6 Delayed Quote.31.95%
PETROCHINA COMPANY LIMITED -2.80% 3.13 End-of-day quote.30.42%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.52% 6.4598 Delayed Quote.-1.05%
WTI 1.25% 66.36 Delayed Quote.34.81%
All news about PETROCHINA COMPANY LIMITED
05:53aPETROCHINAá : Form 6-K)
PU
01:26aMARKET CHATTER : China Orders Two Small LNG Firms to Avoid Buying From Australia
MT
05/11Qatar pivots to LNG-hungry China in strategy shift
RE
05/10Asian ADRs Move Sharply Lower in Monday Trading
MT
05/10Hong Kong Hang Seng Marginally Lower, Tech Issues Weak
MT
05/10PETROCHINAá : Resignation of Director and Vice Chairman
PU
05/10Hong Kong Stocks End Flat Ahead of China's Factory Prices; Oil Shares Jump
MT
05/10PETROCHINAá : List of Directors and their Roles and Functions
PU
05/05Asian ADRs Move Higher in Wednesday Trading
MT
05/04Asian ADRs Move Sharply Lower in Tuesday Trading
MT
More news
Financials
Sales 2021 2 244 B 348 B 348 B
Net income 2021 72 182 M 11 179 M 11 179 M
Net Debt 2021 289 B 44 789 M 44 789 M
P/E ratio 2021 9,23x
Yield 2021 5,92%
Capitalization 984 B 127 B 152 B
EV / Sales 2021 0,57x
EV / Sales 2022 0,56x
Nbr of Employees 432 003
Free-Float 16,0%
Chart PETROCHINA COMPANY LIMITED
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PetroChina Company Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends PETROCHINA COMPANY LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 3,13 CNY
Last Close Price 3,14 CNY
Spread / Highest target 30,5%
Spread / Average Target -0,42%
Spread / Lowest Target -22,6%
EPS Revisions
Managers and Directors
NameTitle
Yong Zhang Huang President & Executive Director
Shou Ping Chai Chief Financial Officer & Secretary
Hou Liang Dai Chairman
Bo LŘ Chairman-Supervisory Board
Jigang Yang Chief Engineer
Sector and Competitors
1st jan.Capitalization (M$)
PETROCHINA COMPANY LIMITED30.42%123 348
SAUDI ARABIAN OIL COMPANY2.29%1 908 113
ROYAL DUTCH SHELL PLC9.81%148 335
TOTAL SE8.84%122 940
GAZPROM13.79%77 268
EQUINOR ASA22.29%69 721