Is PetroChina the same as CNPC?
PetroChina Company Limited (simplified Chinese: 中国石油天然气股份有限公司; traditional Chinese: 中國石油天然氣股份有限公司) is a Chinese oil and gas company and is the listed arm of state-owned China National Petroleum Corporation (CNPC), headquartered in Dongcheng District, Beijing. …
What does PetroChina do?
About PetroChina. PetroChina Company Limited (“PetroChina”) is the largest oil/gas producer and distributor, playing a dominant role in the oil and gas industry in China. It is one of the companies with the hugest sale revenue in China, but also one of the largest oil companies in the world.
Who is the CEO of PetroChina?
Zhou Jiping
CNPC Appoints PetroChina CEO Zhou Jiping as Chairman – WSJ.
Where does PetroChina operate?
PetroChina Company Limited (PetroChina) As at 31 December 2018, PetroChina is 81.03% controlled by CNPC. PetroChina is the largest oil and gas producer and distributor in China, contributing approximately 50% and 60% of China’s domestic oil and gas production volume respectively.
Does Warren Buffett Own PetroChina?
One of Buffett’s overseas investments was PetroChina (NYSE:PTR). According to the Oracle of Omaha’s comments, he bought this stock in the early 2000s. annual meeting of shareholders, he declared that this was the first Chinese stock the conglomerate had ever acquired.
Is PetroChina a good investment?
Valuation metrics show that PetroChina Company Limited may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of PTR, demonstrate its potential to outperform the market. It currently has a Growth Score of C.
Who is the owner PetroChina?
China National Petroleum Corporation
PetroChina/Parent organizations
Why did Buffett sell PetroChina?
NEW YORK — Berkshire Hathaway Inc. Chief Executive Warren Buffett said his decision to sell his stake of PetroChina Co. was based “100%” on price considerations, not on concerns over the company’s ties to Sudan.
Why did Warren Buffett sell PetroChina?
The biggest headline is Buffett saying he has sold his entire PetroChina stake and he sold it not because of human-rights concerns over Darfur, but because the stock’s price had gone up so much.
Does PetroChina buy?
One stock to keep an eye on is PetroChina (PTR). PTR is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock holds a P/E ratio of 7.63, while its industry has an average P/E of 11.19. This compares to its industry’s average P/S of 0.94.
Is Petro China a buy?
PetroChina has received a consensus rating of Hold. The company’s average rating score is 2.33, and is based on 1 buy rating, 3 hold ratings, and 1 sell rating.
Does Berkshire Hathaway own PetroChina?
Despite the recent share sales, Berkshire Hathaway remains PetroChina’s second-largest shareholder, after the company’s unlisted state-owned parent, China National Petroleum.