• Thursday
  • September 18, 2014
  • Last updated: 3:35am
Hong Kong




Refine Your Search

Sort by

Search Results

Results 1 - 10 of 52 for petrochina

Related topics matching your search

Search results

  1. Price controls hit PetroChina profit

    Posted Mar 30th 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com PetroChina, the nation's largest oil and gas producer, is pinning its hopes on more favourable government energy pricing and tax policies this year ... fuel prices rising slower and by smaller amounts compared with crude oil prices. As a result, PetroChina posted an operating loss of 60.1 billion yuan in its oil refining operation, against ...

  2. PetroChina expected to post 7pc rise in profit but outlook dims

    Posted Mar 17th 2008, 12:00am by Eric Ng

    ... Eric Ng in Beijing PetroChina, the nation's largest oil and gas producer, is expected by analysts to report a 6.92 per cent rise in 2007 net profit tomorrow, but the prospect ... and 2.5 per cent next year to 176.64 billion yuan. PetroChina will next month report its first quarterly results, disclosure of which is required on the mainland but not in Hong Kong. The company ...

  3. Price rise spurs buying of oil and power shares

    Posted Jun 21st 2008, 12:00am by Staff Reporter

    ... Mainland stocks surged yesterday as investors snapped up shares in oil refiners and power producers, which stand to gain from the fuel price increases announced on Thursday. The Shanghai Composite Index ended the day up 3.01 per cent on the back of strong showings by PetroChina and Sinopec. However, tumbling markets elsewhere in the region pushed the Hang Seng Index down 0.23 per ...

  4. Oil refiners mixed after Beijing boost fuel prices

    Posted Sep 03rd 2009, 12:00am by Eric Ng

    ... & Chemical (Sinopec) edged up 0.8 per cent to HK$6.59 while PetroChina fell 1.7 per cent to HK$8.51. In Shanghai, PetroChina rose 0.9 per cent, while Sinopec was flat. Analysts said the performance reflected Sinopec's much greater exposure to the refining business than PetroChina, which derives most of its profit from oil and gas production. The central government yesterday ...

  5. CNOOC to bear the brunt of oil windfall tax

    Posted Apr 05th 2006, 12:00am by Eric Ng

    ... Eric Ng The mainland's new oil industry windfall tax is expected to hurt offshore producer CNOOC the most, as PetroChina and China Petroleum & Chemical Corp (Sinopec) will be able ... and downstream refiners, and between producers and consumers. 'Overall, it will be neutral to moderately positive for PetroChina, positive for Sinopec and negative for CNOOC,' said UOB Kay Hian ...

  6. Another fuel price cut gives refiners hope

    Posted Jul 11th 2012, 12:00am

    ... Petroleum & Chemical (Sinopec) and PetroChina, which account for most of the mainland's refining volume, made a combined operating refining loss of almost 20 billion yuan in the first ...

  7. Oil producers begin cutting fuel prices

    Posted Nov 07th 2008, 12:00am by Carol Chan

    ... PetroChina and China Petroleum & Chemical Corp (Sinopec) lowered petrol and diesel prices by about 1 per cent at some filling stations in Hubei and Shandong provinces last month, the China Business News reported. In Hubei, 80 out of PetroChina's 500 filling stations cut prices by 10 fen (11 HK cents) to 20 fen per litre, within the 8 per cent band that companies are allowed ...

  8. Beijing's fuel price cut hits oil equities

    Posted Oct 11th 2011, 12:00am

    ... and PetroChina as refining margins would be squeezed. The price cut implied that Beijing would not allow Sinopec to earn 'abnormal' profits from refinery products to compensate for losses ... Sinopec shares fell 4.7 per cent to HK$7.14 yesterday, while PetroChina shares closed at HK$9.78, down 1.4 per cent. Mainland fuel prices are adjusted according to a formula based on a basket ...

  9. Crude fall key to oil firms' results

    Posted Aug 22nd 2009, 12:00am by Eric Ng

    ... PetroChina and China Petroleum & Chemical Corp but hurt pure oil producer CNOOC. On Sunday, Sinopec, the world's third-largest oil refiner by capacity, is tipped by analysts to post a net ... by the South China Morning Post. Rival PetroChina is projected to announce a 6.5 per cent year-on-year net profit fall to 50.15 billion yuan on Friday. CNOOC, the dominant oil and gas producer ...

  10. Mainland gives refiners 5pc gain under new rules

    Posted May 07th 2009, 12:00am by Eric Ng

    ... Eric Ng Mainland oil refiners are allowed a 5 per cent profit under a new fuel retail pricing mechanism implemented by the central government in December last year, PetroChina has ... PetroChina said in a circular before its annual shareholders' meeting next Tuesday. The Brent, Dubai and Cinta benchmarks would be the basis for calculating international crude oil prices under ...




SCMP.com Account