PetroChina Company Limited
News and overview for PetroChina Company Limited
HK, Shanghai shares flattened by profit-takers
Forbes | 38 days 10 hours 31 minutes ago
By Nerilyn Tenorio and Claire Zhang HONG KONG/SHANGHAI, Oct 16 (Reuters) - Hong Kong stocks eked out modest gains before profit-takers levelled the benchmark index around midday Friday,
Asian Stocks Rise on Oil Prices, China Growth Speculation; Asustek Climbs
Bloomberg | 35 days 7 hours 31 minutes ago
Oct. 19 (Bloomberg) -- Asian stocks advanced, led by energy and technology companies, as oil prices rose to a one-year high amid speculation data this week will show China's economic growth gathered pace in the third quarter.
HK, Shanghai shares dip on profit-taking, policy worry
Forbes | 38 days 6 hours 33 minutes ago
By Nerilyn Tenorio and Claire Zhang HONG KONG/SHANGHAI, Oct 16 (Reuters) - Hong Kong stocks closed down 0.31 percent on Friday, ending a three-day advance as profit-takers dug deeper into previous gains made on higher crude
Oil Politics
Wall Street Journal, The | 36 days 22 hours 12 minutes ago
China's Cnooc Ltd. abandoned its effort to acquire U.S. oil producer Unocal Corp., a retreat that exposes both rising Sino-American tensions and the growing pains Chinese companies face as they try to expand in the global marketplace.
Oil Poised To Climb
Forbes | 28 days 7 hours 27 minutes ago
Cold weather's rolling in, and it's time to start cranking up the heaters. But don't use them too liberally--oil prices are poised to shoot upward as the temperature continues to drop.Last week commenced with crude oil prices teetering at $80 per barrel, breaking away from the $75 summertime average. As of midday Friday, (Oct. 23), crude prices traded at $80.61 at the New York Mercantile Exchange (NYMEX), and according to the Energy Information Administration's Petroleum Navigator, the week d...
Syncrude stake on the block
Globe and Mail (Toronto), The | 25 days 10 hours 7 minutes ago
ConocoPhillips selling asset to reduce debt
Company Overview
| Company: | PetroChina Company Limited |
|---|---|
| Industry: | Oil & Gas Exploration & Production |
| Website: | http://www.petrochina.com.cn |
If you want petroleum in China, then PetroChina is your company. A subsidiary of state-owned China National Petroleum Corporation (CNPC), PetroChina produces two-thirds of China's oil and gas. The company has proved reserves of 11.7 billion barrels of oil and 57.1 trillion cu. ft. of natural gas. It engages in domestic exploration, owns more than 22,000 kilometers of natural gas pipeline in China, and operates 26 refineries and 12 chemical plants. PetroChina also owns or has interests in more than 17,000 gas stations. The company was created in 2000 as a separate company to manage domestic operations of CNPC, which handles international activities.
Key Numbers
| Sales in U.S. Dollars (mil.) | 156,280.203 (2008) |
|---|---|
| One-year % Growth in Sales | 36.9 (2008) |
| Net Income in U.S. Dollars (mil.) | 18,478.4 (2008) |
| One-year % Growth in Net Income | -7.2 (2008) |
| Number of Employees | 446,290 (2008) |
| One-year % Growth in Number of Employees | -4.3 (2008) |
| Fiscal Year-End | December |