PetroChina’s Stock Price Soars to 6.42 HKD, Notching a Robust 2.07% Increase

Petrochina (857)

6.42 HKD +0.13 (+2.07%) Volume: 194.1M

Petrochina’s stock price sees a significant surge, trading at 6.42 HKD, with an impressive session increase of +2.07%. The trading volume stands robust at 194.1M, reflecting a positive investor sentiment. With a Year-to-Date (YTD) percentage change of +5.07%, Petrochina (857) continues to exhibit strong stock market performance.

Latest developments on Petrochina

PetroChina has recently reported record-breaking profits in 2024, defying market pressures with a 2% increase in net income despite a dip in revenue. This achievement was driven by a significant surge in oil and gas production, reaching a milestone net profit of $22.7 billion. The company’s strong performance comes amidst challenges in the energy market, with a 116% rise in renewable energy business showcasing PetroChina‘s commitment to green transformation. Additionally, PetroChina has announced the declaration of a final dividend for 2024, reinforcing its industry leadership and sustained growth over the past few years.

A look at Petrochina Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on Smartkarma Smart Scores, PetroChina has a positive long-term outlook. With high scores in Value, Dividend, Growth, Resilience, and Momentum, the company seems to be in a strong position for the future. This indicates that PetroChina is considered a good investment opportunity with potential for growth and stability.

PetroChina Company Limited is involved in various aspects of the oil and gas industry, from exploration and production to refining and distribution. With solid scores across different factors, including a high value rating, investors may find PetroChina to be a promising option for their portfolios. Overall, the company’s strong performance in key areas suggests a bright future ahead.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

Before it’s here, it’s on Smartkarma