Last $113.18 USD
Change Today -0.32 / -0.28%
Volume 110.8K
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

petrochina co ltd -adr (PTR) Key Developments

Petrochina Co. Ltd. Announces Consolidated and Company Cash Flow Results for the Year Ended December 31, 2013

PetroChina Co. Ltd. announced consolidated and company cash flow results for the year ended December 31, 2013. For the period, on consolidated basis, the cash paid to acquire fixed assets, oil and gas properties, intangible assets and other long- term assets was RMB 310,223 million compared to RMB 330,861 million a year ago. For the period, on company basis, the company reported net cash flows from operating activities was RMB 183,863 million compared to RMB 93,899 million a year ago. Cash paid to acquire fixed assets, oil and gas properties, intangible assets and other long- term assets was RMB 174,030 million compared to RMB 227,634 million a year ago.

Petrochina Co. Ltd. to Approve the Election of Directors

Annual General Meeting of PetroChina Co. Ltd. will be held on May 22, 2014 to approve the election of directors. The shareholders approve the election of Mr. Zhou Jiping, Mr. Liao Yongyuan, Mr. Wang Dongjin, Mr. Yu Baocai, Mr. Shen Diancheng, Mr. Liu Yuezhen, Mr. Liu Hongbin, as Director of the company. And also approve the election of Mr. Chen Zhiwu, Mr. Richard H. Matzke, as independent non-executive Director of the company.

Investors Reportedly Eyes Montera Of PTT

ConocoPhillips (NYSE:COP) and Woodside Petroleum Ltd. (ASX:WPL) are believed to be among the groups approached to buy into the $2 billion Montara project of PTT Public Company Limited (SET:PTT). Sources said other companies, including PetroChina Co. Ltd. (SEHK:857); Apache Corp. (NYSE:APA); Eni SpA (BIT:ENI); and China Petrochemical Corporation were believed to be among those in the process to buy Montara. Sources said the sales process for all or some of the asset through advisers JPMorgan was in the very early stages. One source said an energy giant out of Asia was a more likely buyer than ConocoPhillips. PTT’s move to sell down Montara comes as it also looks to find investors for its Cash and Maple gas fields off WA.

PetroChina Co. Ltd. Presents at Credit Suisse 17th Asian Investment Conference, Mar-24-2014 11:30 AM

PetroChina Co. Ltd. Presents at Credit Suisse 17th Asian Investment Conference, Mar-24-2014 11:30 AM. Venue: Conrad Hong Kong, 88 Queensway, Admiralty, Hong Kong. Speakers: Zefeng Mao, Joint Company Secretary and Head of IR, China/Oil & Gas.

PetroChina Co. Ltd. Reports Audited Consolidated and Company Earnings Results for the Full Year Ended December 31, 2013; Provides Capital Expenditures Guidance for 2014; Recommends Final Dividend, Payable on or About 17 July 2014

The board of PetroChina Co. Ltd. recommended a final dividend of RMB 0.15755 per share (inclusive of applicable tax) for 2013, which is based on 45% of the net profit of the group for the twelve months ended December 31, 2013 after deducting the interim dividend for 2013 paid on October 24, 2013. The proposed final dividend is subject to shareholders' review and approval at the forthcoming annual general meeting to be held on May 22, 2014. The final dividend will be paid to shareholders whose names appear on the register of members of the company at the close of trading on June 4, 2014. The final dividend will be paid on or about 17 July 2014. The company reported audited consolidated and company earnings results for the full year ended December 31, 2013. For the year, on consolidated IFRS basis, the company reported turnover of RMB 2,258,124 million compared to RMB 2,195,296 million last year. Profit from operations was RMB 188,642 million compared to RMB 174,519 million last year. Profit before income tax expense was RMB 178,063 million compared to RMB 166,811 million last year. Profit for the year attributable to owners of the company was RMB 129,599 million or RMB 0.71 per basic and diluted share compared to RMB 115,326 million or RMB 0.63 per basic and diluted share last year. Net cash flows from operating activities were RMB 288,529 million compared to RMB 239,288 million last year. Return on net assets 11.4% against 10.8% a year ago. Capital expenditures decreased by 9.6% to RMB 318,696 million from RMB 352,516 million in 2012. For the year, on consolidated CAS basis, the company reported operating income of RMB 2,258,124 million compared to RMB 2,195,296 million last year. Operating profit was RMB 151,711 million compared to RMB 165,431 million last year. Profit before taxation was RMB 178,016 million compared to RMB 166,810 million last year. Net profit attributable to equity holders of the company was RMB 129,577 million or RMB 0.71 per basic and diluted share compared to RMB 115,323 million or RMB 0.63 per basic and diluted share last year. Net cash flows from operating activities were RMB 288,529 million compared to RMB 239,288 million last year. For the year, on company CAS basis, the company reported operating income of RMB 1,362,289 million compared to RMB 1,337,157 million last year. Operating profit was RMB 106,975 million compared to RMB 102,541 million last year. Profit before taxation was RMB 139,586 million compared to RMB 104,048 million last year. Net profit attributable to equity holders of the company was RMB 134,356 million or RMB 0.73 per basic and diluted share compared to RMB 103,429 million or RMB 0.57 per basic and diluted share last year. For 2014, the group estimates capital expenditures of RMB 296,500 million.

 

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