PetroChina Company Limited's (HKG:857) Price Is Right But Growth Is Lacking
Dec 22
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Hong Kong (HSI) Oil and Gas Industry Analysis
UpdatedDec 24, 2025
DataAggregated Company Financials
Companies34
- 7D1.9%
- 3M9.9%
- 1Y20.5%
- YTD19.7%
Over the last 7 days, the Oil and Gas industry has remained flat, although notably China Petroleum & Chemical gained 3.7%. The past year has been better, since the industry has gained 22% in that time. Looking forward, earnings are forecast to grow by 3.1% annually.
Industry Valuation and Performance
Has the Hong Kong Oil and Gas Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Dec 2025 | HK$5.0t | HK$7.5t | HK$452.6b | 9.3x | 11.1x | 0.7x |
| Fri, 21 Nov 2025 | HK$5.2t | HK$7.4t | HK$447.6b | 10x | 11.6x | 0.7x |
| Sun, 19 Oct 2025 | HK$4.6t | HK$7.5t | HK$456.2b | 9.1x | 10.1x | 0.6x |
| Tue, 16 Sep 2025 | HK$4.6t | HK$7.5t | HK$457.1b | 8.5x | 10.1x | 0.6x |
| Thu, 14 Aug 2025 | HK$4.6t | HK$7.7t | HK$488.3b | 8.8x | 9.4x | 0.6x |
| Sat, 12 Jul 2025 | HK$4.5t | HK$7.7t | HK$488.2b | 8.4x | 9.2x | 0.6x |
| Mon, 09 Jun 2025 | HK$4.5t | HK$7.7t | HK$486.6b | 6.9x | 9.2x | 0.6x |
| Wed, 07 May 2025 | HK$4.1t | HK$7.6t | HK$478.7b | 6.6x | 8.6x | 0.5x |
| Fri, 04 Apr 2025 | HK$4.3t | HK$7.7t | HK$490.3b | 6.9x | 8.8x | 0.6x |
| Sun, 02 Mar 2025 | HK$4.2t | HK$7.8t | HK$480.6b | 8.6x | 8.7x | 0.5x |
| Tue, 28 Jan 2025 | HK$4.5t | HK$7.8t | HK$483.3b | 9x | 9.2x | 0.6x |
| Thu, 26 Dec 2024 | HK$4.6t | HK$7.8t | HK$479.0b | 9.5x | 9.6x | 0.6x |
| Sat, 23 Nov 2024 | HK$4.4t | HK$7.8t | HK$483.7b | 9.4x | 9x | 0.6x |
| Mon, 21 Oct 2024 | HK$4.7t | HK$8.2t | HK$502.2b | 9.4x | 9.4x | 0.6x |
| Wed, 18 Sep 2024 | HK$4.4t | HK$8.2t | HK$504.1b | 8.5x | 8.8x | 0.5x |
| Fri, 16 Aug 2024 | HK$4.8t | HK$8.2t | HK$488.9b | 6.2x | 9.8x | 0.6x |
| Sun, 14 Jul 2024 | HK$5.2t | HK$8.1t | HK$483.7b | 7x | 10.7x | 0.6x |
| Tue, 11 Jun 2024 | HK$5.2t | HK$8.1t | HK$485.4b | 7.1x | 10.6x | 0.6x |
| Thu, 09 May 2024 | HK$5.1t | HK$8.1t | HK$487.3b | 6.8x | 10.4x | 0.6x |
| Sat, 06 Apr 2024 | HK$5.0t | HK$8.0t | HK$487.4b | 6.5x | 10.2x | 0.6x |
| Mon, 04 Mar 2024 | HK$4.5t | HK$8.3t | HK$499.8b | 6.5x | 9x | 0.5x |
| Wed, 31 Jan 2024 | HK$4.2t | HK$8.4t | HK$504.5b | 6.3x | 8.4x | 0.5x |
| Fri, 29 Dec 2023 | HK$3.7t | HK$8.4t | HK$504.4b | 6.3x | 7.4x | 0.4x |
| Sun, 26 Nov 2023 | HK$3.7t | HK$8.3t | HK$499.7b | 6.4x | 7.4x | 0.4x |
| Tue, 24 Oct 2023 | HK$3.8t | HK$8.2t | HK$493.4b | 6.5x | 7.7x | 0.5x |
| Thu, 21 Sep 2023 | HK$4.0t | HK$8.2t | HK$494.6b | 6.6x | 8.1x | 0.5x |
| Sat, 19 Aug 2023 | HK$3.7t | HK$8.4t | HK$518.9b | 6.8x | 7.2x | 0.4x |
| Mon, 17 Jul 2023 | HK$4.0t | HK$8.6t | HK$535.5b | 6.4x | 7.5x | 0.5x |
| Wed, 14 Jun 2023 | HK$3.8t | HK$8.6t | HK$535.1b | 6.4x | 7.2x | 0.4x |
| Fri, 12 May 2023 | HK$4.1t | HK$8.9t | HK$552.4b | 6.5x | 7.4x | 0.5x |
| Sun, 09 Apr 2023 | HK$3.6t | HK$9.0t | HK$557.9b | 5.8x | 6.4x | 0.4x |
| Tue, 07 Mar 2023 | HK$3.4t | HK$8.7t | HK$523.7b | 5.9x | 6.5x | 0.4x |
| Thu, 02 Feb 2023 | HK$3.3t | HK$8.9t | HK$538.2b | 5.6x | 6.1x | 0.4x |
| Sat, 31 Dec 2022 | HK$3.0t | HK$8.7t | HK$522.6b | 5.4x | 5.8x | 0.3x |
Price to Earnings Ratio
5.8x
Current Industry PE
- Investors are optimistic on the Hong Kong Oil and Gas industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 11.1x which is higher than its 3-year average PE of 8.7x.
- The industry is trading close to its 3-year average PS ratio of 0.53x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have declined 4.7% per year over the last three years,
- Revenues have also declined 4.7% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Hong Kong Energy industry?
| HK Market | 1.86% | |
| Energy | 1.91% | |
| Oil and Gas | 1.93% | |
| Oil and Gas Storage and Transportation | 3.13% | |
| Coal and Fuels | 2.04% | |
| Integrated Oil and Gas | 1.90% | |
| Oil and Gas Exploration and Production | 1.77% | |
| Oil and Gas Refining and Marketing | -3.10% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Storage and Transportation industry which is trading above its 3-year average PE ratio of 10.0x.
- Analysts are expecting annual earnings growth of 19.3%, which is higher than its past year's earnings decline of 9.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Storage and Transportation industry, expecting annual earnings growth of 19% over the next 5 years.
- This is better than its past earnings decline of 9.2% per year.
- In contrast, the Coal and Fuels industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 386 China Petroleum & Chemical | HK$4.53 | 3.7% +HK$19.3b | 3.7% | PE13.8x | |
| 857 PetroChina | HK$8.13 | 1.2% +HK$18.3b | 34.8% | PE8.5x | |
| 883 CNOOC | HK$20.56 | 1.8% +HK$17.1b | 10.5% | PE7.2x | |
| 1088 China Shenhua Energy | HK$39.26 | 2.1% +HK$16.3b | 20.8% | PE12.6x | |
| 1898 China Coal Energy | HK$10.40 | 2.3% +HK$3.0b | 15.6% | PE7.2x |
