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HKG:0857

10 stories mentioning HKG:0857Updated 2d ago

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Asia

Market Chatter: PetroChina Reportedly Explores Trimming LNG Canada Stake to Fund Expansion

PetroChina (HKG:0857, SHA:601857) is exploring a sale of part of its 15% stake in LNG Canada Development to help fund the project's planned expansion, Bloomberg News reported Tuesday, citing people familiar with the matter.The Chinese energy company is reportedly working with an adviser to gauge interest in the stake, which could be worth a few billion dollars. PetroChina may sell down its holding through a series of smaller transactions, though deliberations are in the early stages and no final decision has been made, the report noted.PetroChina and LNG Canada did not immediately respond to' requests for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0857SHA:601857
Asia

Fitch Affirms PetroChina's A Rating, With Stable Outlook

Fitch Ratings affirmed PetroChina's (SHA:601857, HKG:0857) long-term issuer default and senior unsecured ratings at A, with a stable outlook.The ratings align with those of parent CNPC under the rating agency's consolidated approach, citing open legal ringfencing and access controls, according to a Tuesday research note.Fitch assesses the Chinese government's responsibility to support CNPC as "very strong" given its full state ownership, energy security role and robust finances.

HKG:0857SHA:601857
Asia

Market Chatter: China LNG Importers Looking to Reduce Reliance on Qatar

Chinese liquefied natural gas importers, including China Petroleum & Chemical Corp (HKG:0386, SHA:600028) and PetroChina (HKG:0857, SHA:601857) are in talks with exporters from outside the Persian Gulf to reduce reliance on Qatar amid the ongoing war, Bloomberg reported Friday, citing people with knowledge of the matter.The two companies are looking to sign LNG contracts with other countries, including Canada, that would start before 2030 and would last at least 10 years, according to the report.The pivot could signal that the disruptions in the Strait of Hormuz could reshape the LNG market, Bloomberg said.Sinopec and PetroChina did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSEHKG:0386HKG:0857SHA:600028SHA:601857
Asia

Market Chatter: Sinopec, PetroChina Weigh Iranian Oil Imports as US Waiver Opens Door

China Petroleum & Chemical or Sinopec (HKG:0386, SHA:600028) and PetroChina (HKG:0857, SHA:601857) are assessing a resumption of Iranian crude purchases for the first time in six years, Reuters reported Thursday, citing industry sources.A recent U.S. waiver permits dollar transactions, though ample rival supplies from Saudi, Kuwait, and Iraq, plus weak Chinese fuel demand, curb their interest, the news wire said.The firms are also scrutinizing banking, insurance, and shipping logistics, while uncertainty remains over which financial institutions can facilitate the deals, the report said.Sinopec and PetroChina didn't immediately respond to MT Newswire's request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0386HKG:0857SHA:600028SHA:601857
Asia

Market Chatter: PetroChina, Indian Oil Fail to Secure Tankers for Iraqi Crude Over High Costs, Hormuz Risks

State-owned refiners PetroChina (SHA:601857, HKG:0857) and Indian Oil Corporation (NSE:IOC, BOM:530965) failed to secure very large crude carriers to lift Iraqi Basrah crude in late June, Reuters reported Thursday, citing sources.A PetroChina official cited high costs and a lack of guarantee of safe passage through the Strait of Hormuz, the report said.Meanwhile, Indian Oil received zero bids for a tender seeking a vessel to lift crude on June 22-23 for delivery to India's Paradip port, a source reportedly told Reuters.PetroChina and Indian Oil did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

BOM:530965HKG:0857NSE:IOC
Asia

Market Chatter: PetroChina Sees China's Oil Consumption Falling in 2026

China's oil consumption is projected to decline 4.9% to 753 million tons in 2026, reversing a 3.6% increase a year earlier, Reuters reported Thursday, citing a report by PetroChina's (HKG:0857, SHA:601857) Planning and Engineering Institute.The institute forecasts China's crude oil production to rise 0.5% to 217 million tons this year, while refined oil consumption is expected to fall 6.4% to 324 million tons, according to the report.Overall oil demand is reportedly expected to peak and then decline to around 700 million tons by 2030, though jet fuel consumption is forecast to edge up 0.2%.PetroChina did not immediately respond to' request for a copy of the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0857SHA:601857
Asia

Market Chatter: Woodside Energy Looking to Match Inpex's Offer to Buy PetroChina Stake in Australia's Biggest Untapped Gas Field

Woodside Energy (ASX:WDS) is looking to match Japanese oil and gas company Inpex's (TYO:1605) offer to purchase PetroChina (SHA:601857, HKG:0857) stake in Western Australia's Browse gas fields, Reuters reported Wednesday, citing CEO Liz Westcott.Inpex is looking to purchase PetroChina's 10.67% stake in the Browse gas fields, said to be Australia's largest untapped offshore gas resource, Woodside confirmed Saturday."We will absolutely assess pre-emption, as we do actually every time, and all ​companies do," Reuters quoted Westcott as saying on the sidelines of the Australian Energy Producers conference ​in Adelaide.The Australian energy company is also keen to progress the Browse transaction, Westcott told Bloomberg TV."Browse is a project that we're keen to continue to progress. We have contracting companies working with us now on early front-end engineering design for the (floating) FPSOs offshore. We've been working commercial agreements with our counterparts," Westcott said in an interview.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:WDSHKG:0857SHA:601857TYO:1605
Asia

PetroChina's Q1 Profit Climbs 1.9%

PetroChina (SHA:601857, HKG:0857) recorded a 1.9% rise in attributable profit in the first quarter of 2026 to 48.3 billion yuan from 47.5 billion yuan a year prior, according to a Wednesday Hong Kong bourse filing.The oil and gas company's earnings per share rose to 0.264 yuan from 0.259 yuan in the corresponding period of the previous fiscal year.Revenue slipped 2.2% to 736.4 billion yuan from 753.1 billion yuan in the year-ago period.

HKG:0857
Asia

Market Chatter: CATL Market Cap Surpasses PetroChina

Contemporary Amperex Technology's (SHE:300750, HKG:3750) market value surpassed that of PetroChina (HKG:0857, SHA:601857) at one point as investors bet more on the battery maker due to the war in Iran, Bloomberg News reported Thursday.The change comes as the world's largest battery maker announced plans to expand in the critical minerals sector.CATL is now China's third-largest onshore stock, according to the report.Toward the end of 2025, PetroChina's market value surged over CATL as oil prices surged on the start of the war, the report said.The oil producer's value slipped amid talks of a truce between the U.S. and Iran, Bloomberg said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0857HKG:3750SHA:601857SHE:300750
Asia

Market Chatter: China to Allow State Refiners to Tap Commercial Oil Reserves Amid Energy Crunch

China has allowed state refiners to tap commercial oil reserves, Bloomberg News reported Friday, citing people familiar with the matter.The move comes amid a global energy crisis brought about by the war in Iran, according to the report.The sources did not say how much the state-owned refiners such as China Petroleum & Chemical (HKG:0386, SHA:600028) or Sinopec and PetroChina (HKG:0857, SHA:601857) parent China National Petroleum Corp. could take, the report said.China could allow refiners to extract reserves of up to 1 million barrels daily from April to June, the report said, citing analysts at Energy Aspects.Chinese crude imports reach 11 million barrels daily, Bloomberg reported.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0386HKG:0857SHA:600028SHA:601857

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