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.
When PetroChina launched its initial public offering on the mainland in late October, it was a darling for which mainland investors had waited so long.Monday, 3 December, 2007, 12:00am
Steel stocks advance after Baosteel flags price increases
Steel stocks surged on the mainland and Hong Kong yesterday after the country's top steelmaker, Baoshan Iron and Steel (Baosteel), said it would raise prices by as much as 8 per cent in the first quarter.21 Nov 2007 - 12:00am
The country's top oil production and refining companies have again bowed to pressure from Beijing to increase fuel supply and fulfil social responsibility by raising refining throughput despite mounting losses.20 Nov 2007 - 12:00am
Beijing has imposed the long-awaited increase in natural gas producer prices by a larger than expected level in a move to bring them closer to other energy prices and promote gas conservation.14 Nov 2007 - 12:00am
China Overseas Land and H-share giants get blue-chip status
PetroChina, China Shenhua Energy and China Overseas Land & Investment will join the Hang Seng Index following the latest quarterly review, bringing the number of index constituents to 43.
Index compiler HSI Services said yesterday the changes would take effect on December 10.8 Nov 2007 - 12:00am
Corporate and institutional investors including China Life Insurance dumped millions of PetroChina A shares on the stock's first trading day, netting multibillion-yuan gains, while a rush of retail investors got stuck due to irrational follow-up buying, according to a mainland media report.8 Nov 2007 - 12:00am
PetroChina's share price plummeted 9.03 per cent in Shanghai, as investors took profit a day after a 163 per cent price surge on its market debut.
The counter closed at 39.99 yuan, down from the previous day's 43.96 yuan. Some 343 million shares changed hands, down from two billion shares.7 Nov 2007 - 12:00am
PetroChina's share price rocketed 163.2 per cent on its first day of trading in Shanghai even as the Shanghai Composite Index tumbled 2.48 per cent.
Yesterday's performance made PetroChina the world's largest company by market capitalisation, surpassing ExxonMobil.6 Nov 2007 - 12:00am
Music at PetroChina's A-share debut drowns out the blues
PetroChina, which has become the world's biggest company by market capitalisation, yesterday made its debut on the Shanghai Stock Exchange with a bang as Asian markets were singing the blues.6 Nov 2007 - 12:00am
Oil giant beats Exxon to become world's biggest firm by value
Shares in PetroChina defied the market slump yesterday to surge 163.23 per cent on their debut, helping the mainland oil producer to overtake Exxon Mobil Corp as the world's biggest company by market value.6 Nov 2007 - 12:00am
China Petroleum & Chemical Corp (Sinopec), the nation's second-largest oil and gas producer, posted a 7.78 per cent gain in third-quarter profit, as a decline in refining losses more than offset lower earnings from oil and gas production.30 Oct 2007 - 12:00am
PetroChina, the nation's largest oil and gas producer, yesterday priced its A-share initial public offering at the top end of its indicative range, making it the mainland's biggest new stock offering at 66.8 billion yuan.
The size of the fund-raising marginally beat the 66.58 billion yuan raised last month by China Shenhua Energy, the nation's largest coal producer.30 Oct 2007 - 12:00am
Two mainland industry leaders, PetroChina and China Shenhua Energy, are tipped to be added to the Hang Seng Index in the quarterly review on November 7, bringing the total constituent members to 42 from the present 40.29 Oct 2007 - 12:00am
Oil giant tipped to set new subscription peak
PetroChina is set to draw record subscriptions for its mainland share sale as investors pile into Asia's most profitable company and cash out of less attractive stocks.25 Oct 2007 - 12:00am
PetroChina, which supplanted General Electric as the world's second-largest company by market value last week, expects to list on the Shanghai stock market on November 5.
The company yesterday said the listing had been approved by the China Securities Regulatory Commission on Friday, and it planned to sell as many as four billion A shares.22 Oct 2007 - 12:00am