- Net Profit: PetroChina reported a net profit of 88.61 billion yuan for the first half of 2024.
- Revenue: The company’s revenue reached 1.55 trillion yuan.
- Crude Oil Production: PetroChina produced 474.8 million barrels of crude oil.
- Operating Profit: Operating profit was 124.93 billion yuan.
- Oil, Gas, and New Energy Profit: Operating profit from oil, gas, and new energy segments totaled 91.66 billion yuan.
- Refining and Chemicals Profit: Profit from refining and chemicals operations amounted to 13.63 billion yuan.
- Refining Operating Profit: Specifically, the refining segment contributed an operating profit of 10.50 billion yuan.
- Dividend: The interim dividend per share was 22 RMB cents.
- Analyst Ratings: The company has 19 buy ratings, 3 hold ratings, and 1 sell rating.
A look at PetroChina Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.6 |
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
PetroChina, one of the largest oil and gas companies, is shining brightly in the eyes of investment analysts. With top scores across the board in Value, Dividend, Growth, and Momentum, PetroChina is positioned favorably for the long term. A perfect 5 out of 5 in Value and Dividend signifies strong fundamentals and attractive returns for investors. Coupled with an outstanding Growth score, indicating potential for expansion and increased market share, PetroChina remains a solid choice for those eyeing a company with promising prospects. Although slightly lower in Resilience, with a score of 3, the overall outlook is buoyed by the robust Momentum score, further solidifying PetroChina‘s standing in the energy sector.
PetroChina Company Limited is a powerhouse in the oil and gas industry, engaged in various segments of the energy sector. It delves into the exploration, development, and production of crude oil and natural gas, as well as refining, transportation, and distribution of petroleum products. Petrochemical production and natural gas marketing are also integral parts of its business portfolio. With stellar Smart Scores across key factors like Value, Dividend, Growth, and Momentum, PetroChina stands out as a company with immense potential for long-term growth and stability in the dynamic energy market.
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.
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