CNOOC's Sees Q1 Profit Fall 7.9% on Weaker Oil Prices

China DailyApr 30 09:01 ET

J.P. Morgan: Maintains PETROCHINA "Shareholding" rating with a Target Price of 7.5 Hong Kong dollars.

JPMorgan released a Research Report stating that it maintains a Target Price of 7.5 Hong Kong dollars for PETROCHINA (00857) and a "Shareholding" rating. The company's Net income for the first quarter of 2025 is 47 billion yuan (the same below), an increase of 2% year-on-year, exceeding JPMorgan's estimate of 43 billion yuan. JPMorgan believes that the company's upstream segment performs the best, estimating that over 50% of the segment's profits come from Henry Hub Natural Gas. The bank pointed out that PETROCHINA remains its top choice in China's Energy stocks and is the only oil giant expected to achieve a 10% growth in Net income from 2022 to 2024, despite oil prices declining from 102 dollars in 2022.

Sina Hong Kong Stock.Apr 30 03:33 ET

CNOOC's Q1 Profit Slips 8%

MT NewswiresApr 29 23:23 ET

Update: WTI Oil Falls With Supply on the Rise as U.S. Tariff Battles Slow Demand

MT NewswiresApr 29 14:38 ET

CNOOC: CNOOC First Quarter Report 2025

SZSIApr 29 12:00 ET · Announcements

China National Offshore Oil Co., Ltd. 2025 First Quarter Report

SZSIApr 29 12:00 ET · Announcements