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MarketScreener Homepage  >  Equities  >  Shanghai Stock Exchange  >  PetroChina Company Limited    601857   CNE1000007Q1

PETROCHINA COMPANY LIMITED

(601857)
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End-of-day quote. End-of-day quote Shanghai Stock Exchange - 02/26
4.36 CNY   -1.58%
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PetroChina reshuffles top execs at trading units - sources

01/20/2021 | 09:29pm EST

SINGAPORE, Jan 20 (Reuters) - Top Asian oil and gas producer PetroChina has swapped the portfolios of two top trading executives in a management reshuffle, sources with direct knowledge of the matter said on Wednesday.

The personnel changes, aimed at keeping managers fresh with new challenges, are not likely to alter in a significant way the business strategy of PetroChina's flagship trading vehicle China National United Oil Corp, or Chinaoil, which has reaped record profits in 2020, the sources said.

Zhao Yong, previously president of Chinaoil and who started as one of the firm's founding crude oil traders some 26 years ago, has, since November, become the general manager of PetroChina Fuel Oil Co Ltd.

The unit specializes in fuel oil trading and bitumen production and marketing, and holds a licence to supply bonded marine fuel in the east China a bunkering hub of Zhoushan.

Huo Jinsan, former president of PetroChina Fuel Oil and a veteran in domestic chemicals marketing, has taken Zhao's role.

PetroChina did not respond to requests for comment.

The changes are the latest of in a series of new appointments since 2017, when Tian Jinghui was appointed Chinaoil's chairman.

"The idea is to move around top managers who have stayed in the same job for a long time and take on new challenges," said one company executive, who requested anonymity.

Also among recent moves, Zhang Tong, Chinaoil's former vice president in charge of refined products trading, has been appointed to run the firm's Hong Kong operations which cover fuel trading and retailing in Hong Kong, Macau, Taiwan, Vietnam and the Philippines, as well as financing in Asia.

Zhang, who is going to take on the new role in coming weeks, replaces Wang Zhijun, who has become head of Chinaoil's Kazakhstan unit, the sources said.

In a posting on its official social media account on Tuesday, Chinaoil said it had between 2016 and 2020 traded a total of 2.4 billion tonnes of oil and gas, about 9.6 million barrels of oil equivalent a day, a volume that rivals global traders like Trafigura and Glencore. (Reporting by Chen Aizhu; Editing by Florence Tan and Robert Birsel)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
GLENCORE PLC -4.69% 290.7 Delayed Quote.24.76%
LONDON BRENT OIL -3.79% 64.4 Delayed Quote.29.48%
MSCI TAIWAN (STRD, UHD) -4.07% 669.536 Real-time Quote.16.15%
PETROCHINA COMPANY LIMITED -1.58% 4.36 End-of-day quote.5.06%
WTI -2.98% 61.53 Delayed Quote.31.62%
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Financials
Sales 2020 1 937 B 299 B 299 B
Net income 2020 19 790 M 3 057 M 3 057 M
Net Debt 2020 408 B 63 094 M 63 094 M
P/E ratio 2020 18,2x
Yield 2020 6,50%
Capitalization 755 B 117 B 117 B
EV / Sales 2020 0,60x
EV / Sales 2021 0,52x
Nbr of Employees 460 724
Free-Float 15,6%
Chart PETROCHINA COMPANY LIMITED
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PetroChina Company Limited Technical Analysis Chart | 601857 | CNE1000007Q1 | MarketScreener
Technical analysis trends PETROCHINA COMPANY LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 2,67 CNY
Last Close Price 2,32 CNY
Spread / Highest target 68,6%
Spread / Average Target 15,0%
Spread / Lowest Target -26,4%
EPS Revisions
Managers and Directors
NameTitle
Liang wei Duan President & Executive Director
Shou Ping Chai Chief Financial Officer & Secretary
Hou Liang Dai Chairman
Bo Lü Chairman-Supervisory Board
Tatsuhito Tokuchi Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
PETROCHINA COMPANY LIMITED5.06%116 625
SAUDI ARABIAN OIL COMPANY-1.29%1 841 292
ROYAL DUTCH SHELL PLC15.67%154 808
TOTAL SE8.71%121 913
PETROCHINA COMPANY LIMITED15.83%116 625
GAZPROM2.92%69 324