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PetroChina Co Ltd (0857.HK)

0857.HK on Hong Kong Stock

2.68HKD
11:36am IST
Change (% chg)

HK$0.05 (+1.90%)
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HK$2.65
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HK$2.69
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HK$2.64
Volume
80,227,397
Avg. Vol
133,101,356
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HK$4.46
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HK$2.20

Latest Key Developments (Source: Significant Developments)

Petrochina To Sell Oil And Gas Assets To Pipechina
Thursday, 23 Jul 2020 

July 23 (Reuters) - PetroChina Co Ltd <601857.SS>::ENTERED INTO TRANSACTION AGREEMENTS WITH PIPECHINA.PIPECHINA HAS AGREED TO PURCHASE TARGET ASSETS.TRANSACTION CONSIDERATION WAS BASED ON APPRAISED VALUE OF TARGET ASSETS, BEING ABOUT RMB268.7 BILLION.RMB149.5 BILLION OF CONSIDERATION WILL BE SATISFIED THROUGH EQUITY INTEREST.POST COMPLETION OF TRANSACTIONS, REGISTERED CAPITAL OF PIPECHINA WILL BE INCREASED TO RMB500 BILLION, OF WHICH CO WILL HOLD 29.9%.TO IMPLEMENT TRANSACTIONS, CO IS CARRYING OUT A SERIES OF INTERNAL REORGANIZATION WITH RESPECT TO TARGET ASSETS.PROPOSES TO CONVERT PIPELINE BRANCH & SOUTHWEST PIPELINE BRANCH INTO UNITS; TARGET ASSETS WOULD INCLUDE ALL OF EQUITY INTERESTS IN UNITS.ASSET-LIABILITY RATIO OF GROUP IS EXPECTED TO DECREASE UPON COMPLETION OF TRANSACTIONS.TRANSACTIONS ARE EXPECTED TO HELP RELIEVE PRESSURE RELATING TO CAPITAL EXPENDITURES.EXPECTED GAINS ARISING FROM TRANSACTIONS WILL BE BASED ON THE APPRECIATION VALUE OF TARGET ASSETS OF RMB45.82 BILLION."PIPECHINA HAS GOOD GROWTH POTENTIAL, AND IS EXPECTED TO BRING POSITIVE FINANCIAL IMPACT ON COMPANY".PROCEEDS IN CASH FROM TRANSACTIONS EXPECTED TO BE USED FOR DIVIDEND DISTRIBUTION TO SHAREHOLDERS, CAPITAL EXPENDITURES, AMONG OTHERS.  Full Article

Petrochina Swings To Net Loss Of 16.2 Bln Yuan In Q1, Sees H1 Net Profit To Fall
Wednesday, 29 Apr 2020 

April 29 (Reuters) - Petrochina Co Ltd <601857.SS>::SAYS IT SWINGS TO NET LOSS OF 16.2 BILLION YUAN ($2.29 billion) IN Q1.SAYS IT EXPECTS H1 NET PROFIT TO FALL SIGNIFICANTLY FROM YEAR EARLIER AFFECTED BY FACTORS SUCH AS SPREAD OF THE EPIDEMIC AND WORLD ECONOMIC DOWNTURN.  Full Article

PetroChina Says Wang Zhongcai Tendered His Resignation As Vice President
Friday, 3 Apr 2020 

April 3 (Reuters) - PetroChina Co Ltd <0857.HK>::WANG ZHONGCAI HAS TENDERED HIS RESIGNATION AND CEASED TO HOLD POSITION OF VICE PRESIDENT.  Full Article

Petrochina Co Says Dai Houliang Elected As Chairman Of Co
Wednesday, 25 Mar 2020 

March 25 (Reuters) - PetroChina Co Ltd <0857.HK>::DAI HOULIANG WAS ELECTED AS CHAIRMAN OF COMPANY.LI FANRONG WAS ELECTED AS VICE CHAIRMAN OF COMPANY.DAI HOULIANG, LI FANRONG AND LV BO WERE ELECTED AS DIRECTORS.  Full Article

Petrochina Proposes To Elect And Appoint Li Fanrong As Director Of Co
Monday, 9 Mar 2020 

March 9 (Reuters) - PetroChina Company Ltd <0857.HK>::PROPOSED TO ELECT AND APPOINT LI FANRONG AS DIRECTOR OF CO.RESOLVED TO RE-DESIGNATE NON-EXECUTIVE DIRECTOR DUAN LIANGWEI AS PRESIDENT.RESOLVED TO RE-DESIGNATE NON-EXECUTIVE DIRECTOR DUAN LIANGWEI TO AN EXECUTIVE DIRECTOR.  Full Article

PetroChina Says Wang Yilin Resigns From Chairman Post
Sunday, 19 Jan 2020 

Jan 19 (Reuters) - PetroChina Co Ltd <601857.SS>1857.HK::SAYS WANG YILIN RESIGNS FROM CHAIRMAN POST AS HE HAS REACHED RETIREMENT AGE.  Full Article

PetroChina's Vice Chairman, President Resign Due To Change In Job Roles
Monday, 9 Dec 2019 

Dec 9 (Reuters) - PetroChina Co Ltd <601857.SS><0857.HK>::SAYS VICE CHAIRMAN ZHANG WEI, PRESIDENT HOU QIJUN RESIGN DUE TO CHANGE IN JOB ROLES.  Full Article

PetroChina's Board Director Liu Hongbin Resigns Due To Change In Job Role
Tuesday, 3 Dec 2019 

Dec 3 (Reuters) - PetroChina Co Ltd <601857.SS><0857.HK>::SAYS BOARD DIRECTOR LIU HONGBIN RESIGNS DUE TO CHANGE IN JOB ROLE.  Full Article

PetroChina's Controlling Shareholder Agrees to Transfer 0.31% Stake In The Company
Monday, 25 Nov 2019 

Nov 25 (Reuters) - PetroChina Co Ltd <601857.SS><0857.HK> ::SAYS CONTROLLING SHAREHOLDER AGREES TO TRANSFER 560.0 MILLION A-SHARES, OR 0.31% STAKE, IN THE COMPANY TO CHINA METALLURGICAL GROUP CORP.SAYS THERE IS NO CHANGE IN COMPANY'S OWNERSHIP AFTER THE SHARES TRANSFER.  Full Article

PetroChina's Q3, 9-Month Net Profit Down On Year
Wednesday, 30 Oct 2019 

Oct 30 (Reuters) - PetroChina Co Ltd <0857.HK><601857.SS>::SAYS Q3 NET PROFIT DOWN 58.4% Y/Y.SAYS 9-MONTH NET PROFIT DOWN 23.4% Y/Y.  Full Article

RPT-UPDATE 1-PetroChina to sell major pipeline assets to PipeChina for $38 bln

July 23 PetroChina, China's state-owned oil and gas firm, said on Thursday it would sell its major oil and gas pipelines and storage facilities to the newly launched China Oil and Gas Pipeline Network for 268.7 billion yuan ($38.36 billion).