About PETROCHINA Company
The Company is a limited company established in accordance with the “Company Law of the People's Republic of China” during the restructuring process of China National Petroleum Corporation (now changed to China National Petroleum Group Co., Ltd., “China Petroleum Group” for short before and after the change) on November 5, 1999. The Group is the largest oil and gas producer and seller with a dominant position in China's oil and gas industry. It is one of the companies with the largest sales revenue in China, and one of the largest oil companies in the world. The Group's main business includes: exploration, development, transportation, production and sale of crude oil and natural gas and new energy business; refining of crude oil and petroleum products, production and sale of basic and derived chemical products, other chemical products and new materials business; sales and trading of refined products and non-oil products; and natural gas transportation and sales. American Depositary Shares (“Depositary Shares”), H Shares and A Shares issued by the Company were listed on the New York Stock Exchange (“NYSE”), Hong Kong Stock Exchange Limited (“Hong Kong Stock Exchange”), and Shanghai Stock Exchange on April 6, 2000, and November 5, 2007, respectively. Among them, depository shares were delisted from the NYSE on September 8, 2022, US Eastern Time.
China Petroleum & Chemical Co., Ltd. (00386.HK) spent HK$38.87 million to repurchase 9.682 million shares on December 4
On December 4, Gelonghui, China Petroleum & Chemical Co., Ltd. (00386.HK) announced that on December 4, 2023, it spent HK$38.87 million to repurchase 9.682 million shares at a repurchase price of HK$3.99-4.04 per share.
Cinda Securities: Under geopolitical changes in the Middle East and Central Asia, China's petrochemical companies will enter a new cycle when going overseas
Under geopolitical changes, oil and gas cooperation between China and the Middle East and Central Asia has ushered in new opportunities.
Everbright Securities: OPEC+ will voluntarily cut production by 2.2 million b/d in 24Q1, medium- to long-term oil prices are expected to remain high
Expect “three barrels of oil” to make a major breakthrough in overseas markets
There are currently 6 companies with a market cap of more than $1T but 9 overall have been above $1T at a certain moment.
$Berkshire Hathaway 13F(BK2999.US)$$Berkshire Hathaway-A(BRK.A.US)$$Berkshire Hathaway-B(BRK.B.US)$$Apple(AAPL.US)$$Microsoft(MSFT.US)$$Alphabet-C(GOOG.US)$$China Petroleum & Chemical Corporation(600028.SH)$$PETROCHINA(00857.HK)$$Amazon(AMZN.US)$$Meta Platforms(META.US)$$Tesla(TSLA.US)$$NVIDIA(NVDA.US)$
$HKEX(00388.HK)$$HONG KONG EXCHANGE(HKXCY.US)$$PETROCHINA(00857.HK)$
$BOC HONG KONG(02388.HK)$ hiked 0.7% to $20.75 after its operating profit before impairment allowances surged 26% YoY in 1Q23 to 3Q...