Who is the CEO of PetroChina?
Wang Dongjin
PetroChina
| Headquarters in Beijing | |
|---|---|
| Founded | 5 November 1999 |
| Headquarters | Dongcheng District, Beijing, China |
| Area served | Worldwide with primary markets in China |
| Key people | Zhou Jiping (Chairman) Wang Dongjin (CEO) |
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.
What does PetroChina Co Ltd do?
PetroChina Company Limited operates as an oil and gas company. The Company offers crude oil and oil products exploration, development, production and marketing. PetroChina also markets petrochemical products and derivative chemicals.
How big is CNPC?
In 2019, it had USD 396.65 billion in revenue and a reported 1,344,410 employees in 2020*. CNPC is the world’s 3rd largest oil company with assets and interests in over 30 countries.
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 the same as CNPC?
China National Petroleum Corporation (CNPC) is the sole sponsor and controlling shareholder of PetroChina. It is a large petroleum and petrochemical corporate group, established in July 1998, in accordance with Plan for the Organizations Structure Reform of the State Council.
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. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of B.
Is Sinopec PetroChina?
Sinopec is the largest oil refiner in Asia by annual volume processed. Sinopec produces around 1/4 as much raw crude oil as PetroChina, but produces 60% more refined products per annum.
Is PetroChina A CNPC?
Who owns CNPC?
State-owned Assets Supervision and Administration Commission
China National Petroleum Corporation/Parent organizations
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.
When did Buffett buy PetroChina?
Buffett invests in China 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. At the 2005 Berkshire Hathaway (NYSE:BRK.
How much money does PetroChina make a year?
PetroChina revenue for the quarter ending June 30, 2021 was $M, a 100% decline year-over-year. PetroChina revenue for the twelve months ending June 30, 2021 was $157.046B, a 53.41% decline year-over-year. PetroChina annual revenue for 2020 was $280.213B, a 23.06% decline from 2019.
How is PetroChina affected by low oil prices?
PetroChina, China’s largest oil and natural gas producer, saw profits for the third-quarter plunge by 77% as the more than two-year roil in global oil markets and low oil prices hit the company hard. The company also posted lower crude production, which will force China to rely more on foreign crude oil imports.
Where is the headquarters of PetroChina in China?
The Other segment relates to cash management and financing activities, the corporate center, research and development, and other business services supporting the operating business segments of the company. PetroChina was founded on November 5, 1999 and is headquartered in Beijing, China.
What is the marketing segment of PetroChina?
The Marketing segment includes marketing of refined products and the trading business. The Natural Gas and Pipeline segment comprises transmission of natural gas, crude oil, and refined products and the sale of natural gas.