net_left adver left
Detail

PetroChina Considering Spinoff of Energy Marketing Business, Sources Say

(Bloomberg) -- PetroChina Co (SS:601857), the country’s biggest oil and gas producer, is weighing a plan to carve out its marketing and trading business and seek a separate...
PetroChina Considering Spinoff of Energy Marketing Business, Sources Say © Reuters. PetroChina Considering Spinoff of Energy Marketing Business, Sources Say

(Bloomberg) -- PetroChina Co (SS:601857), the country’s biggest oil and gas producer, is weighing a plan to carve out its marketing and trading business and seek a separate listing, people with knowledge of the matter said. 

China National Petroleum Corp., the state-owned parent of PetroChina, has asked external consultants to provide proposals on the feasibility of such a plan, said the people who asked not to be identified as the information is confidential. A surge in oil prices earlier this year prompted the Beijing-based firm to consider monetizing the business, the people said.

Deliberations are at a preliminary stage and the state-run firm has not yet finalized any decision due to the complexity of the business structures, the people said. A representative for CNPC declined to comment, while PetroChina didn’t respond to requests for comment.

Shares of PetroChina rose 1.4% on Friday in Shanghai as of 10:21 a.m., their largest intraday increase in more than a week.

PetroChina has four main business divisions, including exploration and production; refining and chemicals; marketing; as well as natural gas and pipelines. The marketing segment’s revenue jumped 45% to 2.17 trillion yuan ($320 billion) in 2021 from a year ago, mainly due to the increase in the price and sales volume of refined oil, according to its latest English-language annual report. The segment also had an operating profit of 13.28 billion yuan last year. 

It wasn’t clear whether the whole marketing business would be spun off or parts of it.

The marketing division comprises refined products, including overseas, as well as crude oil, natural gas and chemical products, according to the annual report. It also includes some non-oil sales in PetroChina’s gas stations throughout the country, the report said. The business employed more than 37,000 people. 

Oil prices surged earlier in the year following Russia’s invasion of Ukraine, before paring gains. West Texas Intermediate futures trade at around $88 a barrel, down from $122 in June.

Beijing has considered several options to monetize the country’s two national oil champions’ businesses in the past but few have materialized. It picked at least three banks in 2019 to work on the formation of a national oil and gas pipeline company, people familiar with the situation told Bloomberg News at the time. China Petroleum & Chemical Corp (SS:600028), the world’s largest oil refiner, also known as Sinopec, previously considered a initial public offering of its retail business. 

©2022 Bloomberg L.P.

HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
29-09-2022 06:31:06 (UTC+7)

EUR/USD

0.9717

-0.0017 (-0.17%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (4)

Sell (5)

EUR/USD

0.9717

-0.0017 (-0.17%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (4)

Sell (5)

GBP/USD

1.0849

-0.0039 (-0.36%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (3)

USD/JPY

144.40

+0.23 (+0.16%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

AUD/USD

0.6511

-0.0011 (-0.17%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (2)

USD/CAD

1.3622

+0.0017 (+0.12%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (4)

EUR/JPY

140.30

-0.03 (-0.02%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

EUR/CHF

0.9492

-0.0008 (-0.09%)

Summary

Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (3)

Sell (5)

Gold Futures

1,666.15

-3.85 (-0.23%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (3)

Silver Futures

18.867

-0.013 (-0.07%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (1)

Copper Futures

3.3773

-0.0042 (-0.12%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (3)

Crude Oil WTI Futures

81.75

-0.40 (-0.49%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (6)

Brent Oil Futures

87.98

+3.11 (+3.66%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

Natural Gas Futures

6.982

-0.045 (-0.64%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (7)

US Coffee C Futures

227.80

+3.45 (+1.54%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (7)

Euro Stoxx 50

3,335.30

+6.65 (+0.20%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (2)

Sell (5)

S&P 500

3,719.04

+71.75 (+1.97%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (8)

DAX

12,183.28

+43.60 (+0.36%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (1)

Sell (4)

FTSE 100

7,005.39

+20.80 (+0.30%)

Summary

Neutral

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (0)

Sell (6)

Hang Seng

17,250.88

-609.43 (-3.41%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (2)

US Small Cap 2000

1,725.13

+62.62 (+3.77%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (3)

IBEX 35

7,442.20

-3.50 (-0.05%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (5)

BASF SE NA O.N.

39.415

-0.080 (-0.20%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

Bayer AG NA

48.19

-0.07 (-0.13%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (4)

Allianz SE VNA O.N.

160.72

-3.02 (-1.84%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Adidas AG

130.24

+2.94 (+2.31%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (1)

Deutsche Lufthansa AG

5.772

-0.024 (-0.41%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Siemens AG Class N

99.46

+1.54 (+1.57%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

Deutsche Bank AG

7.854

-0.274 (-3.37%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (7)

 EUR/USD0.9717Sell
 GBP/USD1.0849Neutral
 USD/JPY144.40↑ Buy
 AUD/USD0.6511Neutral
 USD/CAD1.3622Neutral
 EUR/JPY140.30↑ Buy
 EUR/CHF0.9492Sell
 Gold1,666.15Buy
 Silver18.867Buy
 Copper3.3773Neutral
 Crude Oil WTI81.75↑ Sell
 Brent Oil87.98↑ Buy
 Natural Gas6.982↑ Sell
 US Coffee C227.80↑ Sell
 Euro Stoxx 503,335.30Neutral
 S&P 5003,719.04↑ Sell
 DAX12,183.28Neutral
 FTSE 1007,005.39Neutral
 Hang Seng17,250.88Buy
 Small Cap 20001,725.13↑ Buy
 IBEX 357,442.20Neutral
 BASF39.415↑ Buy
 Bayer48.19Neutral
 Allianz160.72↑ Buy
 Adidas130.24↑ Buy
 Lufthansa5.772↑ Buy
 Siemens AG99.46↑ Buy
 Deutsche Bank AG7.854↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,410/ 6,510
(0/ 0) # 1,818
SJC HCM6,420/ 6,520
(0/ 0) # 1,831
SJC Hanoi6,420/ 6,522
(0/ 0) # 1,833
SJC Danang6,420/ 6,522
(0/ 0) # 1,833
SJC Nhatrang6,420/ 6,522
(0/ 0) # 1,833
SJC Cantho6,420/ 6,522
(0/ 0) # 1,833
Cập nhật 29-09-2022 06:31:08
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,657.68+28.571.75%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V23.26023.720
RON 95-III22.58023.030
E5 RON 92-II21.78022.210
DO 0.05S22.53022.980
DO 0,001S-V24.51025.000
Dầu hỏa 2-K22.44022.880
ↂ Giá dầu thô thế giới
WTI$81.33-3.15-4.02%
Brent$87.71-3.39-4.02%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.580,0023.890,00
EUR22.159,1623.399,49
GBP24.732,3625.786,46
JPY159,76169,13
KRW14,2317,34
Cập nhật lúc 04:57:15 29/09/2022
Xem bảng tỷ giá hối đoái
adver main right