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PetroChina Co Ltd (0857.HK)

0857.HK on Hong Kong Stock

19 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Petrochina Co says it received notice of CNPC's proposed corporate bond issuance
Friday, 15 Sep 2017 05:16am EDT 

Sept 15 (Reuters) - Petrochina Co Ltd <601857.SS>::Proposed issuance of exchangeable corporate bonds by controlling shareholder.CNPC proposed to use a part of A shares of co held by CNPC as underlined objects to issue exchangeable corporate bonds.Proposed proceeds of exchangeable corporate bonds will not exceed RMB20 billion.As on date of announcement, CNPC holds 154.91 billion a shares of co, representing 84.64 percent stake.  Full Article

PetroChina to pay A shares div for H1 FY 2017 on Sep. 15
Friday, 8 Sep 2017 08:45am EDT 

Sept 8 (Reuters) - PetroChina Co Ltd <601857.SS> ::* Says it will pay cash dividend of 0.06926 yuan(before tax)/share for H1 2017 to shareholders of record on Sep. 14.* The company's shares will be traded ex-right and ex-dividend on Sep. 15 and the dividend will be paid on Sep. 15.  Full Article

Fitch says China national oil firms to continue deleveraging in 2H17
Tuesday, 29 Aug 2017 01:17am EDT 

Aug 29 (Reuters) - :Fitch - China national oil firms to continue deleveraging in 2H17.Fitch - believes expected decline in refining profits for Chinese national oil companies will not negate growth in oil production, continued low capex.Fitch on China national oil firms- exploration and production earnings will continue to improve in 2H17.Fitch on China national oil firms- expect NOC's to continue to boost gas production, in support of government's strategy to increase gas usage in country.Fitch - higher dividends do not negatively impact the companies' credit profiles, as the nocs' financial and liquidity profiles are strong.Fitch on China national oil firms- believe decline in companies' output will only be stemmed in 2018 at earliest.  Full Article

PetroChina HY profit attributable RMB12,676 million
Thursday, 24 Aug 2017 04:33am EDT 

Aug 24 (Reuters) - Petrochina Co Ltd <601857.SS>::HY profit attributable RMB12,676 million versus RMB531 million.HY turnover RMB‍975,909​ million versus RMB739,067 million.Resolved to declare a special interim dividend of RMB0.03809 yuan per share.Declared an interim dividend of RMB0.03117 yuan per share.Global economy is expected to continue to recover moderately in second half of 2017."Expected that Chinese economy will continue to develop at a reasonable pace".Capital expenditures for exploration and production segment throughout 2017 would amount to RMB143,600 million​.  Full Article

Petrochina Co announces ‍renewal of continuing connected transactions with CNPC and Beijing Gas
Wednesday, 23 Aug 2017 09:08pm EDT 

Aug 24 (Reuters) - Petrochina Co Ltd <601857.SS>:‍Renewal of continuing connected transactions with CNPC in respect of 2018 to 2020​.Announces renewal of continuing connected transactions with Beijing Gas in respect of 2018 to 2020.  Full Article

Petrochina issues 2017 1st tranche corporate bonds worth 2 bln yuan
Monday, 21 Aug 2017 10:49pm EDT 

Aug 22(Reuters) - PetroChina Co Ltd <601857.SS> ::* Says it completed issuance of 2017 1st tranche public corporate bonds worth 2 billion yuan .  Full Article

Fire at Petrochina's Dalian refinery under control - China state radio
Thursday, 17 Aug 2017 08:30am EDT 

Aug 17 (Reuters) - China's state radio social media account: :Fire at Petrochina Co Ltd's <<<601857.SS>>> Dalian refinery under control .  Full Article

Saudi Aramco in talks to buy Petrochina refinery stake- WSJ, citing sources
Friday, 4 Aug 2017 03:57am EDT 

Aug 4 (Reuters) - :Saudi Aramco is in talks to buy Petrochina refinery stake- WSJ, citing sources.Saudi Aramco could take more-than 30 percent stake in Petrochina’s Anning plant- WSJ, citing sources.  Full Article

Petrochina sees HY net profit attributable between RMB9 bln and RMB11 bln
Wednesday, 26 Jul 2017 04:50am EDT 

July 26 (Reuters) - Petrochina Co Ltd <0857.HK>::Advance notice for estimated profit of the interim results of 2017 .HY net profit attributable to equity holders of co is expected to be between RMB9 billion and RMB11 billion .‍Estimated that net profit attributable to equity holders of company for first half of 2017 will increase significantly​.  Full Article

Petrochina sees profit rise in H1 due to rise in crude oil prices
Wednesday, 26 Jul 2017 04:31am EDT 

July 26 (Reuters) - PetroChina Co Ltd <601857.SS>PTR.N<0857.HK>:Says it expects H1 net profit at 9-11 billion yuan ($1.33-$1.63 billion).Says profit increase due to rise of crude oil price.  Full Article


China's teapot plants form new club to beat rivals, but will it work?

BEIJING A group of independent Chinese oil refiners is clubbing together to survive an onslaught by state-owned giants and the rise of private chemical giants, but industry analysts said the new alliance may find it hard to stick.