Last CNY7.98 CNY
Change Today +0.13 / 1.66%
Volume 88.3M
As of 2:05 AM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

No. 9 Dongzhimen North Street

Dongcheng District

Beijing, 100007

China

Phone: 86 10 5998 5667

Fax: 86 10 6209 5667

PetroChina Company Limited is engaged in the production and sale of oil and gas in the People's Republic of China (PRC or China). The company is a subsidiary of China National Petroleum Corporation. The company is engaged in a range of petroleum and natural gas related activities, including the exploration, development, production, and marketing of crude oil and natural gas; the refining of crude oil and petroleum products, as well as the production and marketing of basic petrochemical products, derivative chemical products, and other chemical products; the marketing of refined oil products and trading; and the transmission of natural gas, crude oil, and refined oil products, as well as the sale of natural gas. Exploration and Production The company is engaged in crude oil and natural gas exploration, development, and production. Its total estimated proved crude oil and natural gas reserves are located in China, principally in northeastern, northern, southwestern, and northwestern China. The company holds exploration and exploitation licenses for oil and gas (including coal seam gas) covering a total area of approximately 420.93 million acres, consisting of the exploration licenses covering a total area of approximately 394.786 million acres and the exploitation licenses covering a total area of approximately 26.145 million acres. As of December 31, 2013, the company’s estimated proved reserves totaled approximately 10,820.3 million barrels of crude oil and approximately 69,322.6 billion cubic feet (Bcf) of natural gas. Exploration and Development The company is conducting exploration and development efforts in 12 provinces, 2 municipalities under the direct administration of the central government, and 3 autonomous regions in China, as well as in certain regions in other countries. In 2013, the company supplied a majority of its total crude oil sales to its refineries. Principal Oil and Gas Regions Daqing Oil Region: The Daqing oil region, the company’s primary oil and gas producing property, is located in the Songliao basin and covers an area of approximately 1 million acres. As of December 31, 2013, the company produced crude oil from 37 fields in the Daqing oil region. Xinjiang Oil Region: The Xinjiang oil region is the company’s major crude oil producing property and is located in the Junggar basin in northwestern China. The Xinjiang oil region covers a total area of approximately 900,000 acres. Sichuan Gas Region: The Sichuan gas region covers a total area of approximately 2.3 million acres. As of December 31, 2013, the company had 114 natural gas fields under development in the Sichuan gas region. Changqing Oil and Gas Region: The Changqing oil and gas region covers parts of Shaanxi Province and Gansu Province, and the Ningxia and Inner Mongolia autonomous regions. In 2013, the company produced 1,046.1 Bcf of natural gas for sale in the Changqing oil and gas region. Tarim Oil and Gas Region: The Tarim oil and gas region is located in the Tarim basin in northwestern China with a total area of approximately 590,000 acres. In 2013, the company produced 728.3 Bcf of natural gas for sale in the Tarim oil and gas region. Refining and Chemicals The company operates 29 enterprises located in 9 provinces, 4 autonomous regions, and 3 municipalities to engage in refining of crude oil and petroleum products, as well as the production and marketing of basic petrochemical products, derivative chemical products, and other chemical products. Refining: The company produces a range of refined products at its refineries. Some of the refined products are for its internal consumption and used as raw materials in its petrochemical operation. Dalian Petrochemical, Lanzhou Petrochemical, Dushanzi Petrochemical, Jilin Petrochemical, Fushun Petrochemical, and Guangxi Petrochemical were the company’s major refineries in 2013. Chemicals: Majority of the company’s chemical plants are near to its refineries and are also connected with the refineries by pipelines. The company is major producer of ethylene in China. It uses the bulk of the ethylene that it produces as a principal feedstock for t

 

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601857

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Valuation 601857 Industry Range
Price/Earnings 11.1x
Price/Sales 0.6x
Price/Book 1.2x
Price/Cash Flow 4.2x
TEV/Sales 0.2x
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