PTR - PetroChina Company Limited
| Previous close | 48.45 |
| Open | 48.63 |
| Bid | 48.85 x 900 |
| Ask | 50.35 x 1100 |
| Day's range | 48.40 - 48.97 |
| 52-week range | 48.02 - 83.24 |
| Volume | 111,453 |
| Avg. volume | 100,266 |
| Market cap | 151.834B |
| Beta (3Y monthly) | 1.10 |
| PE ratio (TTM) | 11.08 |
| EPS (TTM) | 4.40 |
| Earnings date | N/A |
| Forward dividend & yield | 2.31 (4.78%) |
| Ex-dividend date | 2019-06-19 |
| 1y target est | 82.92 |
- Bloomberg•2 days ago
China’s Biggest Energy Company Shuns Venezuela Oil on Tighter U.S. Sanctions
(Bloomberg) -- China’s biggest energy company is backing away from direct purchases of Venezuelan crude as the Trump administration tightens sanctions against the South American nation.China National Petroleum Corp. has canceled plans to load about 5 million barrels worth of Venezuelan oil onto ships this month in the aftermath of the latest executive order by President Donald Trump, according to people with knowledge of the situation who asked not to be identified discussing proprietary information.CNPC joins Turkey’s largest bank, Ziraat Bank, which severed its relationship with Venezuela’s Central Bank following sanctions. The moves represent a setback for Venezuelan President Nicolas Maduro, who has been counting on both China and Russia to keep the country going amid a humanitarian crisis, food shortages and hyperinflation.China became the top destination for Venezuelan crude after U.S. sanctions against state-owned Petroleos de Venezuela SA were announced at the end of January. Venezuela may run low on options without the help of CNPC to export oil, a main source of revenue that bankrolls the Maduro regime. The three August-loading cargoes canceled by CNPC’s subsidiary PetroChina Co. Ltd. haven’t so far attracted another buyer, according to reports seen by Bloomberg.PetroChina’s press office declined to comment on market speculation, citing company policy.On Aug. 5, Trump signed an executive order authorizing sanctions on anyone who provides support to Maduro. Opposition leader Juan Guaido, recognized by the Trump administration as the country’s leader, is backed by more than 50 countries.PetroChina’s pullback doesn’t mean China will completely turn away from Venezuelan oil. Other companies can continue to supply China’s independent refiners known as teapots with the South American nation’s crude, according to people familiar with the matter.China has been a staunch supporter of the Venezuelan government since its first oil-backed loan to late president Hugo Chavez. The Asian nation has loaned $50 billion in the past decade in exchange for oil. China, along with Russia, is one of 14 nations that support Maduro.This will be the first time in more than a decade that PetroChina forgoes Venezuelan crude, according to data compiled by Bloomberg. China has imported 339,000 barrels a day of Venezuelan oil this year. Most of the barrels come via PetroChina, but in the wake of U.S. sanctions, Russia’s Rosneft Oil Co PJSC has stepped up to supply Venezuelan oil to the country’s independent refiners.\--With assistance from Alfred Cang, Feifei Shen and Patricia Laya.To contact the reporter on this story: Lucia Kassai in Houston at lkassai@bloomberg.netTo contact the editors responsible for this story: David Marino at dmarino4@bloomberg.net, Joe CarrollFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Oilprice.com•16 days ago
Chinese Oil Majors Consume More Crude In July
PetroChina and Sinopec’s daily crude consumption grew in July 2019 as refinery units are restarting
- Reuters•21 days ago
Singapore JPTT secures PetroChina as anchor tenant - CEO
Singapore Jurong Port Tank Terminal's (JPTT) petroleum and petrochemical storage facility in Jurong Island has been fully leased, with China's PetroChina taking up all of its phase 1 capacity, JPTT said on Monday. JPTT's phase 1, which comprises 252,000 cubic metres of clean storage and petrochemicals capacity, started partial operations on April 1 this year. "The majority of the existing tanks are used for gasoline storage with the balance used for chemical components for the blending of gasoline," JPTT chief executive Ooi Boon Hoe said in a statement.
- Reuters•last month
Exclusive: Italian, Chinese majors vie in Pakistan's mega LNG tender
LONDON/SINGAPORE (Reuters) - Italian oil major Eni , China's overseas energy unit PetroChina and two trading houses are vying to supply liquefied natural gas (LNG) to Pakistan in one of the largest tenders ever worth billions of dollars, two sources familiar with the matter said on Friday. The 240-cargo 10-year tender, which is likely to be worth from $5 billion (£3.99 billion) to $6 billion according to Reuters calculations and the estimates of another source based on current market conditions, was issued last month and closed on Thursday. Pakistan is expected to be a significant growth driver in global LNG demand, with Wood Mackenzie estimating the country will need 25 million tonnes a year as domestic supplies dwindle and its economy grows.
- Reuters•last month
China's refiners want tax cuts before making cleaner shipping fuel: sources
Chinese oil refiners want changes to tax laws on the consumption and sale of fuel oil in order to start producing low-sulphur marine fuel when new global clean fuel rules start in 2020, four executives at Chinese oil companies said this week. China's central government must waive a 1,218 yuan ($177.11) per tonne consumption tax and offer rebates of the 13% value-added tax currently levied on fuel oil to allow the country's refiners to economically produce the very low-sulphur fuel oil (VLSFO) needed to meet the rules, officials at China Chemical and Petroleum Corp, PetroChina and China National Offshore Oil Co said.
- Zacks•last month
Will Chevron's Kitimat LNG Become an All-Electric Plant?
If the plan to modify Chevron's (CVX) Kitimat facility to an 'all-electric' design materializes, the project will boast the lowest emission intensity among all large-scale LNG projects in the world.
- Zacks•last month
Can Big Spending Boost Lift China's Oil & Gas Output?
While China's efforts to increase output may offset production decline from aging oilfields, it is not likely to reduce its dependence on foreign oil and gas imports.
- Zacks•2 months ago
Shell to Divest Alberta Gas Assets to Pieridae for C$190M
The acquisition of Alberta gas properties from Shell (RDS.A) is likely to allow Pieridae to use the output as Goldboro LNG feedstock.
- Zacks•2 months ago
Here's Why You Should Sell PetroChina (PTR) Stock Right Away
PetroChina's (PTR) heavy exposure to significantly mature producing areas is a concern.
- Market Realist•2 months ago
Has Total’s Short Interest Risen?
Since April 1, Total's (TOT) short interest has risen from 0.04% to 0.10%, while its stock price has fallen 2.0%.
Yahoo Finance•2 months agoNew bipartisan bills threaten Chinese IPOs and Chinese companies listed in the U.S.
Two bipartisan bills have been introduced over the last few months aimed at going after Chinese companies that don’t comply with auditing rules in the U.S.
- Reuters•3 months ago
China's CNPC breaks into Myanmar fuel retailing with Singapore brand
SINGAPORE/YANGON (Reuters) - China National Petroleum Corp is planning to open dozens of petrol stations in Myanmar, the first major foreign investor to enter the fast-growing Southeast Asian fuel market, as the state giant expands its retail oil business, company officials said. The investment, which could eventually reach tens of millions of dollars, follows a new strategy to tap overseas retail margins as China's domestic fuel market is saturated. The move follows a similar but larger investment in Brazil, where CNPC's global trading and refining unit bought 30% of a leading Brazilian fuel dealer last year.
- Zacks•3 months ago
PetroChina (PTR) Q1 Earnings Edge Up on Upstream Strength
PetroChina's (PTR) crude oil output rose 4.6% from the year-ago period to 223.4 million barrels.
- Oilprice.com•3 months ago
Iraq Close To Signing Mega $53 Billion Oil Deal
Iraq will soon finalize a large-scale, long-term deal for the development of oil fields in the South with Exxon and PetroChina. The 30-year contract will involve investments of US$53 billion and potential returns for Baghdad of as much as US$400 billion over its lifetime
- Zacks•3 months ago
ExxonMobil & PetroChina Eye $53-Billion Megaproject in Iraq
ExxonMobil (XOM) is expected to boost hydrocarbon output in Iraq using seawater from the Persian Gulf.
- Reuters•3 months ago
Iraq sees deal with Exxon Mobil, PetroChina 'very soon' - oil minister
Iraq oil minister Thamer Ghadhban said on Wednesday he expects his ministry to sign an initial deal with Exxon Mobil and PetroChina "very soon", but did not give a specific date. "We have managed to take a step forward in resolving some lingering issues in the deal," Ghadhban said at an oil ministry event. Once the talks end, the initial deal will be studied by the ministerial energy committee before referring it to cabinet for approval, Ghadhban added.
Associated Press•3 months agoIraq planning $53B megaproject with ExxonMobil, PetroChina
BAGHDAD (AP) — Iraq is planning a $53 billion megaproject with global energy giants ExxonMobil and PetroChina to use seawater from the Persian Gulf to boost oil production, Prime Minister Adel Abdul-Mahdi announced Tuesday.
Reuters•3 months agoIraq close to signing $53 billion deal with Exxon, PetroChina; denies Iran link
Iraq is close to signing a $53 billion, 30-year energy agreement with Exxon Mobil and PetroChina, Prime Minister Adel Abdul Mahdi said on Tuesday, denying any link between the mega-project and U.S. permission for Iraq to do business with Iran. Iraq expects to make $400 billion over the 30 years the deal will be in effect, the prime minister said. The southern mega-project involves the development of the Nahr Bin Umar and Artawi oilfields and raising production from the two fields to 500,000 barrels per day (bpd) from around 125,000 bpd now, Abdul Mahdi said.
- Market Realist•4 months ago
BP’s Stock Price Forecast Range after Its Q1 Earnings
BP’s Q1 Earnings Beat the Estimate, Stock Rose 2%(Continued from Prior Part)Implied volatility BP (BP) posted its first-quarter earnings, which beat analysts’ earnings expectation. The stock reacted positively to the news. In this part, we’ll
- Market Realist•4 months ago
What Is CVX’s Price Forecast Range following Its Q1 Results?
Chevron Stock Falls on Dull Q1 Numbers(Continued from Prior Part)Implied volatility in ChevronChevron’s (CVX) first-quarter earnings fell due to its lower Upstream and Downstream earnings. Its stock reacted negatively to this news. Let’s review
- Market Realist•4 months ago
What’s Total’s Price Forecast?
Total Stock Fell on Dull First-Quarter Performance(Continued from Prior Part)Implied volatility in TotalTotal (TOT) announced its first-quarter earnings on April 26, 2019. The company’s earnings declined, and the stock reacted negatively to the
