As its name suggests, PetroChina Company Ltd is the listed arm of state-owned China National Petroleum Corporation (CNPC). It is China's biggest oil producer, and is listed in Hong Kong, New York, and Shanghai.
For PetroChina, Asia's largest oil and gas producer and one of the region's most profitable companies, the old Cultural Revolution slogan 'Learn from Daqing ' would arguably read better as 'Earn from Daqing'.Thursday, 1 October, 2009, 12:00am
Shares in the mainland's two leading oil refiners were mixed yesterday after Beijing said it would raise fuel prices by less than was needed to make up for last month's higher crude costs.
Analysts said if the oil price remained at about US$70 a barrel for the next two months, another price rise would be needed for refiners to avert losses next month.3 Sep 2009 - 12:00am
Xinao Gas Holdings aims to increase the number of customers connecting to its mainland piped-gas network about 28 per cent after net profit rose 24.27 per cent to 630.71 million yuan (HK$716.12 million) last year.10 Apr 2009 - 12:00am
China Petroleum & Chemical Corp (Sinopec), the country's second-largest oil and gas producer, expects its first-quarter net profit to surge more than 50 per cent as it unveiled a less than expected 47.3 per cent net profit decline for last year.30 Mar 2009 - 12:00am
Mainland energy producers spent 13.8 per cent less on exploration in the first two months of the year compared with a year earlier, after international oil prices fell sharply in the second half of last year.12 Mar 2009 - 12:00am
Investors bought mainland electronic appliances producers' shares but sold oil and petrochemical stocks yesterday after Beijing unveiled subsidy policies to boost home appliance sales but offered nothing concrete for the petrochemical sector.21 Feb 2009 - 12:00am
The mainland's two state-controlled onshore oil and gas majors have set bold expansion goals in the remote northwestern Xinjiang province, a growth area key to their efforts to offset slow or negative output growth in their mainstay oilfields.31 Jan 2009 - 12:00am
China National Petroleum Corp (CNPC), the country's largest oil and gas producer, may have recorded a 29.1 per cent decline in pre-tax profit last year, a mainland newspaper said.21 Jan 2009 - 12:00am
PetroChina, the country's largest oil producer, will pay 5.3 billion yuan (HK$6.01 billion) in cash to buy six oil and gas exploitation units from its parent.
It said the acquisition fitted its expansion strategy in tapping the oil and gas exploitation sectors.
The units are in Sichuan, Xian, Jilin, Tianjin, Liaohe region and other parts of northern China.20 Nov 2008 - 12:00am
PetroChina has lost its crown as the world's most valuable company to ExxonMobil Corp following the stock market slump, as the nation's largest oil producer celebrated the first anniversary of its A-share listing.7 Nov 2008 - 12:00am
Mainland coal stocks slumped yesterday on investor jitters that new regulatory price caps could eat into producers' profits, but Yanzhou Coal Mining eased some concern saying that its first half profit had probably more than tripled.26 Jul 2008 - 12:00am
China Petrochemical Corp, parent of listed China Petroleum & Chemical (Sinopec), has received 2.51 billion yuan (HK$2.87 billion) of tax rebate on fuel imports in the second quarter.5 Jul 2008 - 12:00am
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.21 Jun 2008 - 12:00am
A leading Communist Party-sponsored publication has sounded an alarm about the rise of foreign interest groups on the mainland, saying they pose severe threats to economic security and social stability.8 May 2008 - 12:00am
China National Petroleum Corp (CNPC), the nation's largest oil and gas producer, has reached a preliminary agreement with Nippon Oil to buy a 49 per cent stake in one of the Japanese firm's refineries.8 May 2008 - 12:00am