PetroChina has been traded on the Hong Kong Stock Exchange and on the New York Stock Exchange since 2000. But the Shanghai offering opened the company to direct investment by mainland Chinese, who have been prevented by the government from plowing any of their $2.2 trillion in savings into Hong Kong stocks.
Is PetroChina a publicly listed company?
PetroChina is the publicly listed arm of CNPC, with shares listed in Shanghai, Hong Kong and New York stock exchanges. As at 31 December 2018, PetroChina is 81.03% controlled by CNPC.
What is the relationship between CNPC and PetroChina?
Having oil and gas assets and interests in over 30 countries, CNPC plays an increasingly greater role in the global oil and gas industry. PetroChina is the publicly listed arm of CNPC, with shares listed in Shanghai, Hong Kong and New York stock exchanges. As at 31 December 2018, PetroChina is 81.03% controlled by CNPC.
What are analysts'target prices for PetroChina's stock?
9 analysts have issued 1 year target prices for PetroChina's shares. Their forecasts range from $57.45 to $74.00. On average, they anticipate PetroChina's stock price to reach $65.73 in the next twelve months.
Should you hold PetroChina (PTR) stock?
The consensus among Wall Street analysts is that investors should "hold" PetroChina stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PTR, but not buy additional shares or sell existing shares. View analyst ratings for PetroChina or view top-rated stocks.
How do I buy PetroChina stock?
How to buy shares in PetroChina CompanyCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.
How does PetroChina distribute its products?
It has 37 sales companies in different locations in China and markets and sells all its wares through 430 distribution outlets comprising of wholesalers and 1,790 service stations owned by a company and 1050 franchise-owned service stations, operated and owned by third parties that sell diesel and gasoline of ...
Where shares are bought and sold?
Stock ExchangeStock Exchange is a place where shares are bought and sold. Stock Exchange is a place where shares are bought and sold.
What is the Nasdaq How are stocks bought sold on this exchange?
Buyers and sellers electronically enter their trades with their broker dealers, and those trades come into the NASDAQ system through hundreds of computers (one computer for each broker dealer). The trades then make their way to the matching engine, which, on the NASDAQ exchange, is a single, highly reliable computer.
Who supplies LNG to China?
The largest six suppliers—Australia, United States, Qatar, Malaysia, Indonesia, and Russia—provided 8.9 Bcf/d, or 85%, of China's total LNG imports. Since China lowered tariffs on LNG imports from the United States from 25% to 10% in 2019, U.S. LNG exports to China have increased and in 2021 averaged 1.2 Bcf/d.
How many countries does CNPC sell to?
PetroChina International deals with international trade in crude oil and about 100 kinds of refined and chemical products to and from over 80 countries and regions by way of commission agency, self-support import/export, transit and consigned processing for export.
Can we buy in NSE and sell in BSE?
You cannot buy a Stock from the BSE and then sell it on the NSE or vice-versa on the same day. However after T+2 Days Stocks bought from the BSE can be sold in the NSE and vice-versa.
Can I buy shares directly from BSE?
An investor cannot directly buy or sell shares on a stock exchange. Registered members of a stock exchange are called stock brokers. They trade on an investor's behalf.
Can I directly trade on BSE?
Financial transactions in BSE are done online through an electronic trading system. Market orders can be directly placed in BSE online, without the requirement of external specialists through direct market access.
Whats the difference between NYSE and Nasdaq?
The NYSE is an auction market that uses specialists (designated market makers), while the Nasdaq is a dealer market with many market makers in competition with one another. Today, the NYSE is part of Intercontinental Exchange (ICE), and the Nasdaq is part of the publicly traded Nasdaq, Inc.
Can you trade on Nasdaq and NYSE?
Some time ago, NASDAQ was a publicly-traded corporation, while the NYSE operated privately. However, all that changed in March 2006 and the NYSE went public as well and traders were able to trade its shares on an exchange. Traders can place their money on Nasdaq and NYSE through the Nasdaq and NYSE platforms.
What is the difference between Dow Jones and Nasdaq S&P?
The Dow tracks the value of 30 large companies which tend to be blue-chip firms that are household names. The S&P 500 tends to be broader, hoping to have a bigger representation of companies from various sectors and industry groups. And the Nasdaq composite includes only stocks that are traded on the Nasdaq market.
Should I buy or sell PetroChina stock right now?
5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PetroChina in the last year. There are currently 4 hold ratings a...
How has PetroChina's stock performed in 2022?
PetroChina's stock was trading at $44.21 at the start of the year. Since then, PTR shares have increased by 22.0% and is now trading at $53.92. Vi...
When is PetroChina's next earnings date?
PetroChina is scheduled to release its next quarterly earnings announcement on Thursday, June 16th 2022. View our earnings forecast for PetroChina .
How were PetroChina's earnings last quarter?
PetroChina Company Limited (NYSE:PTR) released its quarterly earnings data on Friday, April, 1st. The oil and gas company reported $1.41 EPS for th...
How often does PetroChina pay dividends? What is the dividend yield for PetroChina?
PetroChina announced a Semi-Annual dividend on Friday, April 1st. Shareholders of record on Friday, June 17th will be given a dividend of $1.341 pe...
Is PetroChina a good dividend stock?
PetroChina(NYSE:PTR) pays an annual dividend of $3.00 per share and currently has a dividend yield of 5.47%. PTR has a dividend yield higher than 7...
Who are PetroChina's key executives?
PetroChina's management team includes the following people: Mr. Yongzhang Huang , Pres & Exec. Director (Age 55) Mr. Shouping Chai , CFO & Comp...
What is Zhou Jiping's approval rating as PetroChina's CEO?
18 employees have rated PetroChina CEO Zhou Jiping on Glassdoor.com . Zhou Jiping has an approval rating of 57% among PetroChina's employees. This...
Who are some of PetroChina's key competitors?
Some companies that are related to PetroChina include Shell (SHEL) , TotalEnergies (TTE) , Petróleo Brasileiro S.A. - Petrobras (PBR) , EOG Res...
Who controls PetroChina?
As at 31 December 2018, PetroChina is 81.03% controlled by CNPC. PetroChina is the largest oil and gas producer and distributor in China, contributing approximately 50% and 60% of China’s domestic oil and gas production volume respectively. Visit the website. 890 mil barrels. Crude Production.
What is CNPC oil?
China National Petroleum Corporation (CNPC) China National Petroleum Corporation is one of the world’s largest oil and gas companies, and plays a leading role in China’s petroleum industry. As the parent company of PetroChina, CNPC is also one of the largest state owned enterprises in China. CNPC integrates the business portfolios ...
Who owns PCIL oil?
Established in April 2002, PetroChina International London (PCIL) is a wholly owned subsidiary of PetroChina International. PCIL has its business origin in crude oil and oil products trading, focusing primarily on European and African markets.
Is PetroChina a 100% owned company?
PetroChina International Co., Ltd. (PCI) is a 100% owned subsidiary of PetroChina. As the international trading arm of PetroChina, PCI undertakes global commodities trading, development of overseas integrated oil and gas operation hubs comprising refining, storage, logistics and sales & marketing capabilities, as well as the management of oil terminals and storage facilities at China’s key international trading ports. With 40+ subsidiaries and branches in more than 20 countries, PCI has business coverage in all key oil and gas trading hubs and financial centres around the world.
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What is PetroChina?
PetroChina Company Limited, together with its subsidiaries, engages in a range of petroleum related products, services, and activities in Mainland China and internationally. It operates through Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline segments. The Exploration and Production segment engages in the exploration, development, production, and marketing of crude oil and natural gas. The Refining and Chemicals segment refines crude oil and petroleum products; and produces and markets primary petrochemical products, derivative petrochemical products, and other chemical products. The Marketing segment is involved in marketing of refined products and trading business. The Natural Gas and Pipeline segment engages in the transmission of natural gas, crude oil, and refined products; and sale of natural gas. As of December 31, 2020, the company had a total length of 31,151 km, including 22,555 km of natural gas pipelines, 7,190 km of crude oil pipelines, and 1,406 km of refined product pipelines.
What is PetroChina Company?
PetroChina Company Limited is an oil & gas integrated business based in the US. PetroChina Company shares (PTR) are listed on the NYSE and all prices are listed in US Dollars. PetroChina Company employs 432,003 staff and has a trailing 12-month revenue of around 0.00.
How to calculate PetroChina's price/earnings to growth ratio?
PetroChina Company's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.2188. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
When did PetroChina terminate its joint venture?
However, in August 2004, the Board of Directors of PetroChina announced that following good faith discussions with all parties to the Joint Venture Framework Agreement, the parties had not been able to reach an agreement, and the joint venture framework agreement was terminated.
When was PetroChina founded?
PetroChina was established as a joint stock company with limited liabilities under the Company Law of the People's Republic of China (the PRC) on 5 November 1999, as part of the restructuring of CNPC. In the restructuring, CNPC injected into PetroChina most of the assets and liabilities of CNPC relating to its exploration and production, ...
What is the environmental impact of the PetroChina pipeline?
It is argued that such a project might pose a threat to the environment, as the construction of the pipeline might affect the wildlife in the regions where it runs through. However, no known environmental or social impact assessments have been conducted, as the environmental record of Tarim Basins is very poor.
What happened to PetroChina?
PetroChina had a chemical spill in November, 2005. One of its chemical plants exploded in Jilin, China , resulting in 100 tons of benzene, which is a carcinogen and toxic, pouring into the Songhua River. There was a slick of chemicals that spanned 80 kilometres. Harbin, which is another city along the Songhua River, had to cut the water supply from almost 4 million people, for 5 days. More than 60 people were injured, five died, and one person was missing due to the incident. The spill prompted China's environmental agency to fine the company one million yuan (approximately $125,000, £64,000) for its pollution, which was the maximum fine that can be handed out in China for breaking an environmental law. However, this disaster sparked controversy about this law. People claimed the law was too soft. The spill even crept into Khabarovsk, Russia, where residents stocked up on bottled water. The city tried filtering its water of toxic substances, but officials were still unsure if the water was 100% safe for drinking. The Chinese government said it will take more than one billion dollars to clean up the aftermath. Li Zhaoxing, Chinese Foreign Minister at the time, issued a public apology to Russia due to the incident.
What is PetroChina's slogan?
PetroChina is promoting safety, environmental protection and people-orientation as its slogan and is determined to encourage efficiency in utilization of resource as well as effective operation of the Health, Safety and Environment (HSE) management system as a method to reduce emission of pollutants.
How long is the China pipeline?
The 4,000 kilometres (2,500 mi) long pipeline runs from Lunnan in Xinjiang to Shanghai. The pipeline passes through 66 cities in the 10 provinces in China. Natural gas transported by the pipeline is used for electricity production in the Yangtze River Delta area.
Who owns the West East pipeline?
The pipeline is owned and operated by PetroChina West–East Gas Pipeline Company, a subsidiary of PetroChina. Originally, it was agreed that PetroChina would have owned 50% of the pipeline, while Royal Dutch Shell, Gazprom, and ExxonMobil had been slated to hold 15% each, and Sinopec 5%. However, in August 2004, the Board of Directors of PetroChina announced that following good faith discussions with all parties to the Joint Venture Framework Agreement, the parties had not been able to reach an agreement, and the joint venture framework agreement was terminated.