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

A tanker unloads imported crude oil at a terminal port in Qingdao, in eastern China’s Shandong province, on June 25. Photo: AFP

Business of climate change

Peak oil: China’s crude demand set to fall as EV bets ease Hormuz fears

China now faces the challenge of persistent refining overcapacity as ongoing electrification slashes fuel demand, CNPC official says.

7 Jul 2026 - 9:20PM

China stock market

How are Chinese firms faring as AI and tech reshape global market cap rankings?

23 Jun 2026 - 7:00AM

China energy security

AI is testing global energy grids. China wants it to help fix the problem

28 May 2026 - 5:15PMvideocam

Hong Kong economy

Hong Kong to roll out 2-month LPG subsidy to ease burden on transport firms

LPG subsidy to take effect on Sunday and benefit operators of city’s 20,000 commercial transport vehicles, from taxis to school buses.

27 May 2026 - 11:02PM

Taxis drivers will benefit from the LPG subsidy, which starts on Sunday and ends on July 30. Photo: Sam Tsang

China-Russia relations

China and Russia hold trade expo as Putin and Trump visits draw global attention

Expo in Harbin highlights expanding economic ties amid rising geopolitical and trade uncertainties.

18 May 2026 - 8:30PM

Hong Kong stock market

Hong Kong stocks hit 2-month high on hopes of Middle East war ending

Media reports of a proposed memorandum of understanding boost hopes of a diplomatic resolution to the US-Israel war on Iran.

7 May 2026 - 5:00PMvideocam

China technology

Foxconn, BYD among top exporters as China-listed firms hit overseas revenue mark

Companies such as Foxconn and BYD are among the top performers as overseas revenues account for nearly 17 per cent of total income.

6 May 2026 - 6:33PM

The BYD Datang is displayed at the Beijing Auto Show on April 30. Photo: AFP

Hong Kong stock market

China’s onshore traders add Hong Kong stocks for third straight month

Mainland Chinese investors bought US$7.8 billion of stocks through the connect scheme in March.

2 Apr 2026 - 2:00PM

China energy security

3 Chinese ships exit Strait of Hormuz as PetroChina stresses operations stable

PetroChina chairman addresses annual results conference as three Chinese vessels transit Strait of Hormuz and Iran passes law on transit fees.

31 Mar 2026 - 7:00PM

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

Hong Kong economy

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

Government says it has contacted major oil companies to closely monitor the impact of international fuel prices on Hong Kong market.

10 Mar 2026 - 8:23PMvideocam

The government has said it is working to ensure a stable fuel supply. Photo: Sam Tsang

Hong Kong stock market

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

US objectives in Iran are ‘pretty well complete’ but the war could continue if Tehran attempted to stop global oil supplies, Trump says.

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

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

The Marine Traffic website shows commercial ship traffic on the edge of the Strait of Hormuz near the Iranian coast, on March 4. Photo: AFP/Getty Images/TNS

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 has long held the dubious distinction of having the highest pump prices in the world. Photo: Sam Tsang

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

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

All major benchmarks in the US fell overnight over a pessimistic scenario in which advances in AI would disrupt white-collar employment. Photo: Shutterstock

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

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

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

AI for Science (AI4S) startup DP Technology announced on Wednesday that it had completed Series C financing round, raising over 800 million yuan. Photo: Handout

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

US President Donald Trump talks to China’s President Xi Jinping in Busan, South Korea, on October 30, 2025. Photo: AFP

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

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

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

Pedestrians walk in front of an electronic sign showing the Hang Seng Index in Hong Kong on July 11, 2025. Photo: AFP

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

Employees monitoring market prices in the trading room amid rising geopolitical tensions. Photo: AFP

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

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

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