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February 10, 2016 1:18 PM ET

Oil, Gas and Consumable Fuels

Company Overview of PetroChina Co. Ltd.

Company Overview

PetroChina Company Limited, together with its subsidiaries, produces and sells oil and gas in the People’s Republic of China. The company operates through Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline segments. The Exploration and Production segment is involved in the exploration, development, production, and marketing of crude oil and natural gas. The Refining and Chemicals segment refines crude oil and petroleum products; and produces and markets primary petrochemical products, derivative petrochemical products, and other chemical products. The Marketing segment engages in marketing refined products, as well as in trading business. It operates ...

No. 9 Dongzhimen North Street

Dongcheng District

Beijing,  100007

China

Founded in 1988

534,652 Employees

Phone:

86 10 5998 6270

Fax:

86 10 6209 9557

Key Executives for PetroChina Co. Ltd.

Vice Chairman, President and Chairman of Investment & Development Committee
Age: 53
Total Annual Compensation: $1.1M
Vice President, Executive Director and Member of Investment & Development Committee
Age: 51
Total Annual Compensation: $945.0K
General Manager of Audit Department and Supervisor
Age: 54
General Manager of the Capital Operation Department and Supervisor
Age: 54
Director of Security and Supervisor
Age: 52
Compensation as of Fiscal Year 2014.

PetroChina Co. Ltd. Key Developments

PetroChina Co. Ltd. Provides Earnings Guidance for the Year 2015

According to the preliminary estimation of the results of operations for the year of 2015 of PetroChina Co. Ltd. in accordance with the China Accounting Standards for Business Enterprises, the net profit attributable to equity holders of the company for the year of 2015 is expected to decrease by 60% to 70% when compared with that of the corresponding period of the previous year. In 2015, due to the factors such as the price of international crude oil has declined significantly and the price of domestic natural gas has been driven down, a relatively large reduction in the company's profit occurred.

PetroChina Co. Ltd. Presents at UBS Greater China Conference 2016, Jan-11-2016

PetroChina Co. Ltd. Presents at UBS Greater China Conference 2016, Jan-11-2016 . Venue: Pudong Shangri-La Hotel, 33 Fu Cheng Road, Pudong, Shanghai, 200120, China.

PetroChina To Sell Gas Pipeline Assets

PetroChina Co. Ltd. (SEHK:857) is discussing the sale of parts of the domestic natural gas pipeline assets at about $47 billion, including three major pipelines from west China to east and south coastal area with a length of about 20,500 kilometers and transporting 80 billion cubic meters of natural gas a year, equivalent to 45% of China's total consumption of natural gas.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 24, 2015
PetroChina United Pipelines Co., Ltd.
Merger/Acquisition
December 24, 2015
PetroChina Northwest United Pipelines Co., Ltd.
Merger/Acquisition
December 24, 2015
PetroChina Eastern Pipelines Co., Ltd.
 

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