Everbright Securities Company Limited has issued a research report stating that Petrochina Company Limited's (00857) advantages across its entire industrial chain were prominent in the first quarter of 2026, with performance reaching a new record high, aligning with expectations. The firm maintains its profit forecasts for the company, projecting net profits attributable to shareholders of 190.2 billion, 195.9 billion, and 201.8 billion yuan for 2026-2028, respectively. This corresponds to earnings per share of 1.04 yuan, 1.07 yuan, and 1.10 yuan. Everbright Securities expressed optimism regarding the company's potential for "increasing reserves and boosting production" and the long-term growth prospects of its natural gas business. Consequently, it reaffirms its "Buy" rating for both the company's A-shares (601857.SH) and H-shares.
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