Trade PetroChina Company Limited - 0857 CFD

PetroChina Company profile

About PetroChina Company Limited

PetroChina Company Limited is a China-based company principally engaged in the production and distribution of oil and gas. The Company mainly operates through four business segments. The Exploration and Production segment is principally engaged in the exploration, development, production and sales of crude oil and natural gas. The Refining and Chemical Products segment is principally engaged in the refining of crude oil and petroleum products, as well as the production and sales of basic petrochemical products, derivative petrochemical products and other chemical products. The Sales segment is principally engaged in the sales of refined petroleum products. The Natural Gas and Pipeline segment is engaged in the transportation and sales of natural gas, crude oil and refined petroleum products.

Financial summary

BRIEF: For the nine months ended 30 September 2021,PetroChina Company Limited revenues increased 32% toRMB1.88T. Net income increased from RMB10.06B to RMB75.12B.Revenues reflect an increase in demand for the Company'sproducts and services due to favorable market conditions.Net income benefited from Equity Earnings -Before Taxesincrease from RMB1.43B to RMB11.24B (income), AssetImpairment Loss decrease of 93% to RMB549M (expense).

Equity composition

The Company is listed on Shanghai Stock Exchange on11/5/2007. Pre-IPO shares are stated pro forma. FY'06 B/Swas CLA. FY'09 Q2 I/S was RES.