Petroleum shares collectively surged, PETROCHINA (00857) rose by 2.54%, and international oil prices reached a five-week high.

Jinwu Finance | Petroleum stocks have collectively surged. As of the time of writing, PETROCHINA (00857) is up 2.54%, CNOOC (00883) is up 2.05%, CHINA OILFIELD (02883) is up 1.72%, SHANGHAI PECHEM (00338) is up 0.83%, and SINOPEC CORP (00386) is up 0.98%. In terms of news, USA President Trump has threatened to impose tariffs on buyers of Russian oil. The proposal to impose a tariff of 25% to 50% on any country purchasing Russian oil could become an executive order, which would significantly impact the oil market.

Jinwu Financial News21:44 ET

Citi: Reiterates PETROCHINA (00857) 'Outperform' rating and raises the Target Price to 8 Hong Kong dollars.

The bank stated that PETROCHINA (00857) is one of the surprises in its 2024 performance, with the dividend payout ratio increased by 2 percentage points year-on-year to 52%, making it the only Chinese oil giant to raise its dividend payout ratio year-on-year during this earnings season.

Zhitong FinanceMar 31 05:27 ET

Trending Stocks Today: PETROCHINA Inches up 2.59%

Moomoo NewsMar 31 03:00 ET

Hong Kong stock midday review | Hang Seng Index fell 1.73% in the morning, with Macau Casino stocks leading the decline.

Macau's crackdown on illegal currency exchange crimes may put short-term pressure on the atmosphere in the Industry, according to UBS Group.

Zhitong FinanceMar 31 00:00 ET

PetroChina's Profit Rises 2%, Revenue Slips 3% in 2024; Shares Up 3%

MT NewswiresMar 30 22:50 ET

PETROCHINA (00857) increased by 3.08% against the market, with a net profit last year up 2% year-on-year, reaching a historical high.

Jinwu Financial News | PETROCHINA (00857) rose against the market trend, as of the time of writing, it increased by 3.08% to HKD 6.35, with a turnover of HKD 0.433 billion. On the news front, PETROCHINA announced its performance report for the fiscal year 2024. During the reporting period, the company achieved revenue of RMB 2937.981 billion, a decrease of 2.5% year-on-year; the net income attributable to the parent company was RMB 164.684 billion, an increase of 2.0% year-on-year, setting a new historical high; the basic EPS was RMB 0.90, an increase of RMB 0.02 year-on-year. The Board of Directors proposed a final dividend of RMB 0.25 per share, with a total dividend amount of approximately RMB 45.755 billion.

Jinwu Financial NewsMar 30 22:12 ET