News: PetroChina Co Ltd (0857.HK)

0857.HK on Hong Kong Stock

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UPDATE 1-PetroChina first-quarter profit dives 82 percent

HONG KONG, April 27 - PetroChina, China's biggest oil and gas producer, reported a sharper-than-expected 82 percent fall in first-quarter profit, due to lower international crude prices and inventory writedowns at its refining division.

UPDATE 2-China plans mergers to cut number of big state firms to 40 - state media

BEIJING, April 27 - China will likely cut the number of its central government-owned conglomerates to 40 through a series of mergers, as Beijing pushes forward a plan to overhaul the country's underperforming state sector, state media reported on Monday.

Sinopec, PetroChina dismiss media reports about merger

HONG KONG, April 27 - Sinopec Corp and PetroChina on Monday dismissed media reports their parents would merge to create a state giant, saying they have never received any official information about such a restructuring.

PetroChina first-quarter profit dives 82 pct, below forecasts

HONG KONG, April 27 - PetroChina, China's biggest oil and gas producer, reported a sharper-than-expected 82 percent fall in first-quarter profit, due to lower international crude prices and inventory writedowns at its refining division.

China stocks surge on state firm merger hopes

SHANGHAI, April 27 - China stocks jumped to fresh seven-year highs on Monday, led by heavyweights such as China Petroleum & Chemical Corp and PetroChina Co Ltd on expectations that Beijing will accelerate mergers among state-owned enterprises (SOEs).

China sells Australia-spec gasoline cargo, eyes growing market

* PetroChina sold rare Australian grade gasoline to Chevron last month - source

Hit by oil slump, PetroChina eyes spending cuts and divestments

HONG KONG - PetroChina, Asia's largest oil and gas producer, on Thursday vowed to further slash spending and divest more assets this year after posting a worse-than-expected 67 percent earnings slide for the fourth quarter.

UPDATE 1-Hit by oil slump, PetroChina eyes spending cuts and divestments

* Return to profitability targeted in refining (Adds details, quotes, recasts)

PetroChina Q4 profit slumps 67 pct, below forecast

HONG KONG, March 26 - PetroChina Co Ltd, Asia's largest oil and gas producer, reported a 67 percent slump in net profit for the fourth quarter, lagging forecast, due to a steep decline in the international crude oil prices.

UPDATE 1-Saipem close to Nigeria jv deal after China success - source

MILAN, March 26 - Italy's Saipem is close to signing a joint venture with a big local partner in Nigeria just days after clinching a similar deal in China with PetroChina as the oil contractor seeks access to new markets.

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