PetroChina Co (PCCYF) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Amounts are shown in US dollars, translated from CNY at the rate recorded for each period. Growth rates marked (CNY) are measured in CNY, the currency the company reports in, so a move in the exchange rate does not count as growth.
Newest figures come from the filing for FY2022, filed Apr 28, 2023. Each column of the statement tables below links to the filing it was taken from.
PetroChina Co Ltd (PCCYF) reported $469.6B in revenue for fiscal year 2022, up 23.9% in CNY terms from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings.
Financial Health Signals
We do not publish a peer-relative financial health score for PetroChina Co Ltd, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
PetroChina Co Ltd scores 3.09, well above the 2.99 safe threshold. The largest contribution to the score comes from revenue of $469.6B against total assets of $387.6B. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
PetroChina Co Ltd passes 7 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.
For every $1 of reported earnings, PetroChina Co Ltd generates $2.64 in operating cash flow ($57.1B OCF vs $21.7B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
PetroChina Co Ltd earns $10.05 in operating income for every $1 of interest expense ($31.4B vs $3.1B). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
PetroChina Co Ltd generated $469.6B in revenue in fiscal year 2022. This represents an increase of 23.9% in CNY terms from the prior year.
PetroChina Co Ltd's EBITDA was $63.0B in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 16.7% in CNY terms from the prior year.
PetroChina Co Ltd reported $21.7B in net income in fiscal year 2022. This represents an increase of 62.1% in CNY terms from the prior year.
Not reported for fiscal year 2022.
Cash & Balance Sheet
PetroChina Co Ltd generated $21.8B in free cash flow in fiscal year 2022, representing cash available after capex. This represents an increase of 88.4% in CNY terms from the prior year.
PetroChina Co Ltd held $27.7B in cash against $32.3B in long-term debt as of fiscal year 2022.
Not reported for fiscal year 2022.
Margins & Returns
PetroChina Co Ltd's operating margin was 6.7% in fiscal year 2022, reflecting core business profitability. This is up 0.5 percentage points from the prior year.
PetroChina Co Ltd's net profit margin was 4.6% in fiscal year 2022, showing the share of revenue converted to profit. This is up 1.1 percentage points from the prior year.
PetroChina Co Ltd's ROE was 10.9% in fiscal year 2022, measuring profit generated per dollar of shareholder equity. This is up 3.6 percentage points from the prior year.
Not reported for fiscal year 2022.
Capital Allocation
PetroChina Co Ltd invested $2.9B in research and development in fiscal year 2022. This represents an increase of 19.6% in CNY terms from the prior year.
PetroChina Co Ltd invested $35.3B in capex in fiscal year 2022, funding long-term assets and infrastructure. This represents a decrease of 7.0% in CNY terms from the prior year.
Not reported for fiscal year 2022.
PCCYF Income Statement
Figures in USD, translated from CNY at the rate recorded for each period, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY22Filing | FY21Filing | FY20Filing | FY19Filing | FY18Filing | FY17Filing | FY16Filing | FY15Filing |
|---|---|---|---|---|---|---|---|---|
| Revenue | $469.6B+23.9% | $410.2B+35.2% | $296.4B-23.2% | $361.5B+6.0% | $345.4B+16.9% | $312.4B+25.7% | $232.9B-6.3% | $266.4B |
| R&D Expenses | $2.9B+19.6% | $2.6B+6.2% | $2.4B+0.5% | $2.3B+11.2% | $2.0B+14.4% | $1.9B+9.8% | $1.6B-5.3% | $1.8B |
| Operating Income | $31.4B+34.4% | $25.3B+112.2% | $11.6B-37.6% | $17.5B-1.0% | $17.9B+73.6% | $10.9B+16.8% | $8.7B-23.5% | $12.2B |
| EBITDA | $63.0B+16.7% | $58.4B+37.9% | $41.4B-17.5% | $47.0B-5.2% | $50.2B+15.4% | $46.0B | N/A | N/A |
| Interest Expense | $3.1B+9.2% | $3.1B-25.6% | $4.1B-12.8% | $4.4B+33.9% | $3.3B-0.5% | $3.5B-2.2% | $3.4B-4.0% | $3.8B |
| Income Tax | $7.1B+13.3% | $6.8B+92.6% | $3.5B-37.6% | $5.2B-15.4% | $6.2B+162.6% | $2.5B+3.3% | $2.3B+0.3% | $2.4B |
| Net Income | $21.7B+62.1% | $14.5B+385.0% | $2.9B-58.4% | $6.6B-13.9% | $7.7B+125.3% | $3.6B+199.6% | $1.1B-77.9% | $5.5B |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, SG&A Expenses, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
PCCYF Balance Sheet
Figures in USD, translated from CNY at the rate recorded for each period, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY22Filing | FY21Filing | FY20Filing | FY19Filing | FY18Filing | FY17Filing | FY16Filing | FY15Filing |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $387.6B+6.8% | $392.7B+0.6% | $381.3B-9.0% | $392.6B+12.0% | $355.0B+1.1% | $370.9B+0.7% | $345.2B+0.1% | $369.5B |
| Current Assets | $89.0B+27.7% | $75.5B-1.2% | $74.6B+4.3% | $67.1B+6.5% | $63.7B+3.1% | $65.3B+11.4% | $55.0B | N/A |
| Cash & Equivalents | $27.7B+39.8% | $21.5B+15.3% | $18.2B+37.3% | $12.4B+0.5% | $12.5B-30.5% | $19.0B+24.9% | $14.3B+36.1% | $11.2B |
| Inventory | $24.3B+16.6% | $22.6B+11.9% | $19.7B-29.3% | $26.1B+2.4% | $25.8B+22.7% | $22.2B-1.5% | $21.2B | N/A |
| Goodwill | $4.3B+2.1% | $4.6B+1.3% | $4.4B-16.5% | $4.9B-43.4% | $8.8B+1.6% | $9.2B-6.6% | $9.2B | N/A |
| Total Liabilities | $164.7B+3.9% | $171.6B-2.5% | $171.9B-13.0% | $185.1B+24.9% | $150.1B-0.3% | $159.2B+1.1% | $147.5B-2.5% | $162.1B |
| Current Liabilities | $90.5B+20.5% | $81.3B-14.4% | $92.8B-8.5% | $95.0B+10.9% | $86.7B+3.4% | $88.6B+15.5% | $71.9B | N/A |
| Non-Current Liabilities | $74.1B-11.1% | $90.3B+11.5% | $79.1B-17.7% | $90.1B+44.0% | $63.3B-2.5% | $68.6B-14.9% | $75.6B | N/A |
| Long-Term Debt | $32.3B-22.5% | $45.1B+14.2% | $38.5B-13.6% | $41.8B+8.0% | $39.2B-7.1% | $44.6B-22.3% | $53.7B | N/A |
| Total Equity | $198.5B+8.4% | $198.3B+4.0% | $186.2B-1.2% | $176.7B+1.3% | $176.5B+1.7% | $183.4B+0.4% | $171.3B-11.5% | $207.5B |
| Retained Earnings | $123.8B+10.6% | $121.1B+6.0% | $111.6B-2.0% | $106.7B+1.6% | $106.3B+2.6% | $109.5B+0.2% | $102.4B | N/A |
Not reported in any period shown, so not listed: Short-Term Investments, Accounts Receivable, Long-Term Investments.
PCCYF Cash Flow Statement
Figures in USD, translated from CNY at the rate recorded for each period, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY22Filing | FY21Filing | FY20Filing | FY19Filing | FY18Filing | FY17Filing | FY16Filing | FY15Filing |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $57.1B+15.3% | $53.6B+7.2% | $48.8B-11.4% | $51.7B+1.8% | $51.4B-4.2% | $56.7B+39.0% | $38.2B+1.5% | $40.3B |
| Depreciation & Amortization | $31.6B+3.1% | $33.1B+8.8% | $29.7B-5.5% | $29.5B-7.6% | $32.3B-2.6% | $35.1B | N/A | N/A |
| Capital Expenditures | $35.3B-7.0% | $41.1B+5.3% | $38.1B-22.3% | $45.9B+19.6% | $38.9B+16.5% | $35.3B+26.8% | $26.1B-16.9% | $33.6B |
| Free Cash Flow | $21.8B+88.4% | $12.5B+13.8% | $10.8B+75.8% | $5.7B-53.5% | $12.5B-38.3% | $21.4B+65.5% | $12.1B+93.1% | $6.7B |
| Investing Cash Flow | -$33.8Bn/m | -$33.4Bn/m | -$27.9Bn/m | -$47.8Bn/m | -$39.0Bn/m | -$37.5Bn/m | -$25.3Bn/m | -$33.3B |
| Financing Cash Flow | -$16.5Bn/m | -$16.9Bn/m | -$15.2Bn/m | -$3.9Bn/m | -$18.3Bn/m | -$14.9Bn/m | -$9.7Bn/m | -$7.0B |
| Dividends Paid | $7.9B+37.2% | $6.3B+42.0% | $4.3B-8.5% | $4.4B+12.1% | $4.0B+39.5% | $3.0B+132.3% | $1.2B-70.9% | $4.5B |
Not reported in any period shown, so not listed: Stock-Based Compensation, Share Buybacks.
PCCYF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY22Filing | FY21Filing | FY20Filing | FY19Filing | FY18Filing | FY17Filing | FY16Filing | FY15Filing |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 6.7%+0.5pp | 6.2%+2.2pp | 3.9%-0.9pp | 4.8%-0.3pp | 5.2%+1.7pp | 3.5%-0.3pp | 3.8%-0.8pp | 4.6% |
| Net Margin | 4.6%+1.1pp | 3.5%+2.5pp | 1.0%-0.8pp | 1.8%-0.4pp | 2.2%+1.1pp | 1.2%+0.7pp | 0.5%-1.6pp | 2.1% |
| Return on Equity | 10.9%+3.6pp | 7.3%+5.7pp | 1.6%-2.2pp | 3.7%-0.7pp | 4.4%+2.4pp | 2.0%+1.3pp | 0.7%-2.0pp | 2.6% |
| Return on Assets | 5.6%+1.9pp | 3.7%+2.9pp | 0.8%-0.9pp | 1.7%-0.5pp | 2.2%+1.2pp | 1.0%+0.7pp | 0.3%-1.1pp | 1.5% |
| Current Ratio | 0.98+0.1x | 0.93+0.1x | 0.80+0.1x | 0.710.0x | 0.730.0x | 0.740.0x | 0.76 | N/A |
| Debt-to-Equity | 0.16-0.1x | 0.230.0x | 0.210.0x | 0.240.0x | 0.220.0x | 0.24-0.1x | 0.31 | N/A |
| Liabilities-to-Equity | 0.830.0x | 0.87-0.1x | 0.92-0.1x | 1.05+0.2x | 0.850.0x | 0.870.0x | 0.86+0.1x | 0.78 |
| Asset Turnover | 1.21+0.2x | 1.04+0.3x | 0.78-0.1x | 0.92-0.1x | 0.97+0.1x | 0.84+0.2x | 0.670.0x | 0.72 |
| FCF Margin | 4.6%+1.6pp | 3.0%-0.6pp | 3.6%+2.0pp | 1.6%-2.0pp | 3.6%-3.2pp | 6.9%+1.7pp | 5.2%+2.7pp | 2.5% |
Not reported in any period shown, so not listed: Gross Margin.
Note: The current ratio is below 1.0 (0.98), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| PetroChina Co Ltd PCCYF | FY2022 | $469.6B | $21.7B | 4.6% | $319.7B | — |
| Shell plc RYDAF | FY2025 | $266.9B | $17.8B | 6.7% | $278.1B | — |
| BP plc BPAQF | FY2025 | $192.5B | $55.0M | 0.0% | $115.7B | — |
| Equinor ASA STOHF | FY2025 | $106.5B | $5.0B | 4.7% | $101.3B | — |
| Eni SPA Roma EIPAF | FY2025 | $96.4B | $3.1B | 3.2% | $80.2B | — |
| Woodside Energy Group Ltd WOPEF | FY2025 | $13.0B | $2.7B | 20.9% | $45.8B | — |
Where PetroChina Co Ltd Ranks
Frequently Asked Questions
PetroChina Co Ltd (PCCYF) reported $469.6B in total revenue for fiscal year 2022. This represents a 23.9% change in CNY terms compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
PetroChina Co Ltd (PCCYF) revenue grew by 23.9% year-over-year in CNY, the currency it reports in. Translated at each year’s own exchange rate, it went from $410.2B to $469.6B in fiscal year 2022.
Yes, PetroChina Co Ltd (PCCYF) reported a net income of $21.7B in fiscal year 2022, with a net profit margin of 4.6%.
PetroChina Co Ltd (PCCYF) had EBITDA of $63.0B in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2022, PetroChina Co Ltd (PCCYF) had $27.7B in cash and equivalents against $32.3B in long-term debt.
PetroChina Co Ltd (PCCYF) had an operating margin of 6.7% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.
PetroChina Co Ltd (PCCYF) had a net profit margin of 4.6% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.
PetroChina Co Ltd (PCCYF) has a return on equity of 10.9% for fiscal year 2022, measuring how efficiently the company generates profit from shareholder equity.
PetroChina Co Ltd (PCCYF) generated $21.8B in free cash flow during fiscal year 2022. This represents a 88.4% change in CNY terms compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
PetroChina Co Ltd (PCCYF) generated $57.1B in operating cash flow during fiscal year 2022, representing cash generated from core business activities.
PetroChina Co Ltd (PCCYF) had $387.6B in total assets as of fiscal year 2022, including both current and long-term assets.
PetroChina Co Ltd (PCCYF) invested $35.3B in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.
PetroChina Co Ltd (PCCYF) invested $2.9B in research and development during fiscal year 2022.
PetroChina Co Ltd (PCCYF) had a current ratio of 0.98 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.
PetroChina Co Ltd (PCCYF) had a debt-to-equity ratio of 0.16 as of fiscal year 2022. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
PetroChina Co Ltd (PCCYF) had a liabilities-to-equity ratio of 0.83 as of fiscal year 2022, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
PetroChina Co Ltd (PCCYF) had a return on assets of 5.6% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
PetroChina Co Ltd (PCCYF) trades at 14.8x earnings, its market capitalization divided by $21.7B net income, FY2022. The market capitalization is $319.7B as of Nov 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
PetroChina Co Ltd (PCCYF) trades at 0.7x sales, its market capitalization divided by $469.6B revenue, FY2022. The market capitalization is $319.7B as of Nov 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
PetroChina Co Ltd (PCCYF) has an Altman Z-Score of 3.09, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
PetroChina Co Ltd (PCCYF) has a Piotroski F-Score of 7 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
PetroChina Co Ltd (PCCYF) has an earnings quality ratio of 2.64x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
PetroChina Co Ltd (PCCYF) has an interest coverage ratio of 10.05x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.