TOPIC

/ company

PetroChina

PetroChina Company Ltd is the listed arm of state-owned China National Petroleum Corporation (CNPC). It is China's biggest oil producer, and is listed in Hong Kong, New York, and Shanghai.

Chairman / President

Dai Houliang

CEO / Managing Director

Huang Yongzhang

CFO / Finance Director

Wang Hua

Industry

Oil and gas

Website

petrochina.com.cn

Headquarters address

9 Dongsanhuan North Road, Chaoyang District, Beijing 100007, China

Stock Code

SEHK:0857
SSE:601857
NYSE:PTR

Year founded

1999

Hong Kong, which relies entirely on imported fuels, has seen inflated pump prices. Photo: Eugene Lee

Hong Kong economy

Hong Kong customs seizes more fuel-smuggling vehicles as Iran war lifts prices

Price gap between mainland China and Hong Kong, combined with rising fuel costs, creates economic incentive for criminals to take risk, customs says.

11 Mar 2026 - 10:59PM

Hong Kong economy

Oil price surge may be passed on to Hong Kong consumers, industry chiefs warn

10 Mar 2026 - 8:23PMvideocam

Hong Kong stock market

Hong Kong stocks rebound after oil falls as Trump says Iran war could end soon

10 Mar 2026 - 5:19PM

Hong Kong transport

Surcharges considered as Hong Kong fuel prices set to rise amid Iran war

Sector representative says surcharges ‘a reluctant step’, adding many drivers have fixed daily commitments that must be met.

13 Mar 2026 - 1:21PMvideocam

Pump prices are expected to climb further this week amid rising Middle East tensions. Photo: Sam Tsang

Hong Kong stock market

Hong Kong stocks slump alongside Asian markets after oil crosses US$100

Brent crude jumps over 20 per cent to trade at around US$110 a barrel, prompting investors to further reduce risk exposure.

9 Mar 2026 - 4:53PMvideocam

Hong Kong economy

Hong Kong urged to review fuel prices amid ‘unfair’ cost increase accusations

City’s automobile association says fuel cost increases not warranted as petrol currently on sale is from stockpile before conflict erupted in Middle East.

7 Mar 2026 - 8:58PM

Hong Kong stock market

Oil surge stokes inflation fears as Middle East flashpoint rattles markets

Rising oil prices are shaking global markets as investors rethink rate-cut bets and brace for slower growth and renewed inflation.

4 Mar 2026 - 5:11PM

The spike in energy costs has revived fears of a renewed bout of inflation, raising the risk of slower global growth. Photo: AFP

Hong Kong stock market

Sell-offs sweep Hong Kong and Asian markets as gold, oil rise on Iran war

Crude oil jumps as much as 14 per cent to the highest level since January 2025, while gold gains 2.5 per cent on haven demand.

2 Mar 2026 - 5:08PM

Hong Kong stock market

Hong Kong stocks retreat on AI worries, China markets rally in Year of the Horse

Tech heavyweights drag Hong Kong stocks lower as investors fret over AI disruption following Wall Street’s decline.

24 Feb 2026 - 4:59PM

Hong Kong stock market

Hong Kong stocks end 7-day rally as investors resort to profit-taking

Despite the setback, the Hang Seng Index is set for its best monthly performance since September 2025.

30 Jan 2026 - 4:45PM

Exchange Square in Central is the home of Hong Kong’s bourse operator Hong Kong Exchanges and Clearing. Photo: Nathan Tsui

Hong Kong stock market

Hong Kong stocks’ strong 2026 start fizzles on rising China-Japan tensions

Beijing has banned exports of goods to Japan with potential military use, with the possibility of additional measures.

7 Jan 2026 - 4:36PMvideocam

A man walks past an electronic board showing the Nikkei 225 index in Tokyo. Photo: AFP

Artificial intelligence

AI-for-Science start-up DP Technology raises US$114 million in Series C round

The Beijing-based AI-for-Science firm said the Series C round would fund hiring and R&D, as interest grows in using AI to speed up scientific discovery.

24 Dec 2025 - 9:24PM

Hong Kong stock market

Hong Kong stocks rise as trade agreement soothes fears on rare earths, chips

Agreement’s annual review framework ‘provides better visibility for the capital markets,’ Bank of America Securities says.

3 Nov 2025 - 4:40PM

China stock market

Foreign fund flows into China lose steam even as stocks hit 10-year high

Chinese equities record net inflows of US$900 million in August, down from US$2.7 billion in July, Morgan Stanley says.

5 Sep 2025 - 4:30PM

A Chinese stock index is seen on a mobile app. Photo: Costfoto/NurPhoto via Getty Images

Hong Kong stock market

Hong Kong stocks record biggest weekly loss in nearly 4 months

Stellar run that drove the Hang Seng Index to its highest point in three and a half years last month shows signs of fatigue.

1 Aug 2025 - 4:34PM

Pedestrians cross a street in Kowloon. Photo: Sam Tsang

Hong Kong stock market

Hong Kong stocks extend from 3-year high on China growth optimism

Faster-than-expected China growth and Goldilocks scenario in US spark risk-on mood among investors.

21 Jul 2025 - 4:39PM

Hong Kong stock market

Hong Kong stocks jump by most in 6 weeks on Iran-Israel truce as oil slides

Futures on WTI oil tumbled more than 3 per cent to US$66.21 a barrel in Asian trading hours, tempering concerns about global inflation.

24 Jun 2025 - 4:42PM

Hong Kong stock market

Hong Kong stocks retreat as Middle East tensions raise inflation risk

‘The Middle East is once again the fulcrum of global market anxiety,’ an analyst at SPI Asset Management says.

17 Jun 2025 - 4:20PM

People walk outside Exchange Square, home of the Hong Kong stock exchange, on May 20, 2025. Photo: Xinhua

Hong Kong stock market

Hong Kong stocks fall on rising geopolitical tensions

Israel launches air strikes targeting both nuclear and military sites and officials leading Iran’s nuclear programme.

13 Jun 2025 - 4:43PM

China stock market

Chinese companies budget US$2.7 billion to defend stocks in bloodbath

More than 100 companies have announced buy-back plans, including PetroChina, Midea Group and CATL.

11 Apr 2025 - 6:39PMvideocam

China energy security

Drill, baby, drill: China goes ‘ultra-deep’ for energy security

The Shenditake 1 well, in Xinjaing’s Tarim oilfield, reaches a depth of 10,910 metres.

22 Feb 2025 - 12:30PMvideocam

An aerial view of the Shenditake 1 ultra-deep well in Xinjiang’s Tarim Basin taken on Thursday. Photo: Xinhua

Automotive industry

China’s EV boom threatens to push petrol demand off a cliff

Brokerage Citic Futures sees Chinese gasoline consumption dropping by 4 to 5 per cent a year through 2030.

28 Nov 2024 - 12:47PM

A PetroChina EV charging station stands next to a petrol station in Beijing on February 2, 2024. Photo: Reuters

Energy

PetroChina to downsize, shut its biggest refinery in northern China

PetroChina plans to shut its Dalian refinery, with the capacity of 410,000 barrels per day, or 3 per cent of China’s total refinery output, around mid-2025, sources said.

28 Oct 2024 - 12:50PM

Climate change

Opinion | For China, choosing green hydrogen over shale gas should be a no-brainer

Fracking is technically challenging, expensive and polluting. Much better to devote more resources to green hydrogen.

27 Oct 2024 - 4:30PM

Energy

PetroChina invests US$839 million to shift towards green energy

The acquisition of CNPC’s Electric Energy will further help leverage the synergy between its renewable energy and power segments, PetroChina’s president said.

29 Aug 2024 - 11:50AM

An ethylene plant under construction by PetroChina Jilin Petrochemical Company in Jilin City in northeast China’s Jilin Province on August 10, 2024. Photo: Xinhua.

Business of climate change

PetroChina joins world’s top producers in industry vow to reach net zero by 2050

China’s largest oil and gas producer has joined the Oil & Gas Decarbonisation Charter, a pledge signed by more than 50 firms to reach net zero by 2050.

23 Jul 2024 - 7:08PM

PetroChina has become the latest company to join the Oil & Gas Decarbonisation Charter launched at the Cop28 summit in the UAE last year. Photo: Bloomberg

Commodities

China’s oil refiners are slowing down after decades of growth

A prolonged property crisis has weighed on China’s economy this year, while the steady uptake of new-energy vehicles and trucks powered by gas are flashing bearish signs for future oil demand.

14 Jun 2024 - 11:45AM

Singapore

Singapore to offer carbon tax rebates up to 76% for refiners, petro firms: sources

This hefty increase in carbon taxes has been a hot topic in Singapore’s refining sector, following the sale of Shell’s flagship Bukom and Jurong Island refinery and petrochemical facilities amid stiff competition.

14 Jun 2024 - 6:00AM

Help preserve 120 years of quality journalism.

SUPPORT NOW

PetroChina

Hong Kong customs seizes more fuel-smuggling vehicles as Iran war lifts prices

Price gap between mainland China and Hong Kong, combined with rising fuel costs, creates economic incentive for criminals to take risk, customs says.

Oil price surge may be passed on to Hong Kong consumers, industry chiefs warn

Hong Kong stocks rebound after oil falls as Trump says Iran war could end soon

Surcharges considered as Hong Kong fuel prices set to rise amid Iran war

Sector representative says surcharges ‘a reluctant step’, adding many drivers have fixed daily commitments that must be met.

Hong Kong stocks slump alongside Asian markets after oil crosses US$100

Brent crude jumps over 20 per cent to trade at around US$110 a barrel, prompting investors to further reduce risk exposure.

Hong Kong urged to review fuel prices amid ‘unfair’ cost increase accusations

City’s automobile association says fuel cost increases not warranted as petrol currently on sale is from stockpile before conflict erupted in Middle East.

Oil surge stokes inflation fears as Middle East flashpoint rattles markets

Rising oil prices are shaking global markets as investors rethink rate-cut bets and brace for slower growth and renewed inflation.

Sell-offs sweep Hong Kong and Asian markets as gold, oil rise on Iran war

Crude oil jumps as much as 14 per cent to the highest level since January 2025, while gold gains 2.5 per cent on haven demand.

Hong Kong stocks retreat on AI worries, China markets rally in Year of the Horse

Tech heavyweights drag Hong Kong stocks lower as investors fret over AI disruption following Wall Street’s decline.

Hong Kong stocks end 7-day rally as investors resort to profit-taking

Despite the setback, the Hang Seng Index is set for its best monthly performance since September 2025.

Hong Kong stocks’ strong 2026 start fizzles on rising China-Japan tensions

Beijing has banned exports of goods to Japan with potential military use, with the possibility of additional measures.

AI-for-Science start-up DP Technology raises US$114 million in Series C round

The Beijing-based AI-for-Science firm said the Series C round would fund hiring and R&D, as interest grows in using AI to speed up scientific discovery.

Hong Kong stocks rise as trade agreement soothes fears on rare earths, chips

Agreement’s annual review framework ‘provides better visibility for the capital markets,’ Bank of America Securities says.

Foreign fund flows into China lose steam even as stocks hit 10-year high

Chinese equities record net inflows of US$900 million in August, down from US$2.7 billion in July, Morgan Stanley says.

Hong Kong stocks record biggest weekly loss in nearly 4 months

Stellar run that drove the Hang Seng Index to its highest point in three and a half years last month shows signs of fatigue.

Hong Kong stocks extend from 3-year high on China growth optimism

Faster-than-expected China growth and Goldilocks scenario in US spark risk-on mood among investors.

Hong Kong stocks jump by most in 6 weeks on Iran-Israel truce as oil slides

Futures on WTI oil tumbled more than 3 per cent to US$66.21 a barrel in Asian trading hours, tempering concerns about global inflation.

Hong Kong stocks retreat as Middle East tensions raise inflation risk

‘The Middle East is once again the fulcrum of global market anxiety,’ an analyst at SPI Asset Management says.

Hong Kong stocks fall on rising geopolitical tensions

Israel launches air strikes targeting both nuclear and military sites and officials leading Iran’s nuclear programme.

Chinese companies budget US$2.7 billion to defend stocks in bloodbath

More than 100 companies have announced buy-back plans, including PetroChina, Midea Group and CATL.

Drill, baby, drill: China goes ‘ultra-deep’ for energy security

The Shenditake 1 well, in Xinjaing’s Tarim oilfield, reaches a depth of 10,910 metres.

China’s EV boom threatens to push petrol demand off a cliff

Brokerage Citic Futures sees Chinese gasoline consumption dropping by 4 to 5 per cent a year through 2030.

PetroChina to downsize, shut its biggest refinery in northern China

PetroChina plans to shut its Dalian refinery, with the capacity of 410,000 barrels per day, or 3 per cent of China’s total refinery output, around mid-2025, sources said.

.css-1pcrwvc{color:#2aa191;}Opinion | For China, choosing green hydrogen over shale gas should be a no-brainer

Fracking is technically challenging, expensive and polluting. Much better to devote more resources to green hydrogen.

PetroChina invests US$839 million to shift towards green energy

The acquisition of CNPC’s Electric Energy will further help leverage the synergy between its renewable energy and power segments, PetroChina’s president said.

PetroChina joins world’s top producers in industry vow to reach net zero by 2050

China’s largest oil and gas producer has joined the Oil & Gas Decarbonisation Charter, a pledge signed by more than 50 firms to reach net zero by 2050.

China’s oil refiners are slowing down after decades of growth

A prolonged property crisis has weighed on China’s economy this year, while the steady uptake of new-energy vehicles and trucks powered by gas are flashing bearish signs for future oil demand.

Singapore to offer carbon tax rebates up to 76% for refiners, petro firms: sources

This hefty increase in carbon taxes has been a hot topic in Singapore’s refining sector, following the sale of Shell’s flagship Bukom and Jurong Island refinery and petrochemical facilities amid stiff competition.

Opinion | For China, choosing green hydrogen over shale gas should be a no-brainer