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PetroChina Co. Ltd. - PCCYF STOCK NEWS

Welcome to our dedicated news page for PetroChina Co. Ltd. (Ticker: PCCYF), a resource for investors and traders seeking the latest updates and insights on PetroChina Co. Ltd..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PetroChina Co. Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PetroChina Co. Ltd.'s position in the market.

Rhea-AI Summary
PetroChina Company announced significant achievements in 2023, with a revenue of RMB 3 trillion and a net profit increase of 8.3% year-on-year. The Company saw improvements in key production indicators and achieved record annual results for two consecutive years. Despite a 16.8% drop in realized oil prices, PetroChina's financial position remained strong, with optimized asset-liability structure and sound debt-to-asset ratios. The Company's operating results continued to grow, with historic highs in net cash flow and free cash flow. The Board of Directors recommended a final dividend of RMB 0.23 per share for 2023, marking a dividend payout ratio of 50%. PetroChina also reported record oil and natural gas equivalent output, enhanced quality and profitability of marketing business, and remarkable achievements in reducing costs and enhancing profitability of natural gas marketing business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.47%
Tags
none
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Rhea-AI Summary
PetroChina Company Limited announced its intention to deregister with the SEC and terminate its reporting obligations under the U.S. Securities Exchange Act of 1934. The company delisted its American depositary shares from the NYSE and terminated its ADS program, and now plans to file a Form 15F with the SEC to deregister the ADSs and the underlying H shares of the Company. The deregistration and termination of reporting obligations are expected to become effective 90 days after filing, and the company will continue to comply with its information disclosure and other obligations as a listed company under the relevant rules of The Stock Exchange of Hong Kong Limited and the Shanghai Stock Exchange.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.67%
Tags
none
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Rhea-AI Summary
PetroChina achieved another record interim results with a net profit of RMB 85.27 billion, up 4.5% YoY. Free cash flow exceeded RMB 100 billion for the first time, reaching RMB 110.35 billion, a 17.6% increase from last year. Debt-to-asset ratio decreased by 0.9 percentage points to 41.6% and debt-to-capital ratio reduced by 1.4 percentage points to 16.0%. The Company will focus on increasing domestic oil and gas reserves, expanding new energies business, optimizing refining and chemicals production, and strengthening natural gas sales and marketing capabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.41%
Tags
none
Rhea-AI Summary
PetroChina announced positive Q1 2023 results with revenue of RMB 732.47 billion and net profit growth of 12.1% YoY. The company saw growth in oil and gas output, refining and chemicals business, refined products profitability, and natural gas sales. PetroChina plans to focus on core businesses and continue with innovation, green development, and corporate culture.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.54%
Tags
PetroChina Co. Ltd.

OTC:PCCYF

PCCYF Rankings

PCCYF Stock Data

249.46B
29.04B
35.78%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
China (Mainland)
Beijing

About PCCYF

中国石油天然气股份有限公司