PetroChina Seems Well-Positioned to Manage Mideast Conflict -- Market Talk

Dow Jones03-31

0926 GMT - PetroChina seems well-positioned to manage potential disruptions from the Middle East conflict, says Morningstar's Chokwai Lee in a note. This is given the Chinese energy major's extensive pipeline assets and diversified supply sources, says the director. Meanwhile, its gas sales segment profit is likely to remain robust, as it expands storage capacity for gas and can reduce its reliance on expensive spot purchases, he adds. Morningstar raises its fair value estimates for PetroChina's Hong Kong-listed shares to HK$10.30 from HK$9.50 and for its Shanghai-listed shares to 9.00 yuan from 8.70 yuan. PetroChina's H shares ended 3.5% lower at HK$10.75, while its A shares closed 2.0% lower at 12.19 yuan. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

March 31, 2026 05:26 ET (09:26 GMT)

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Morningstar raises its fair value estimates for PetroChina's Hong Kong-listed shares to HK$10.30 from HK$9.50 and for its Shanghai-listed shares to 9.00 yuan from 8.70 yuan. PetroChina's H shares ended 3.5% lower at HK$10.75, while its A shares closed 2.0% lower at 12.19 yuan. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 31, 2026 05:26 ET (09:26 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PetroChina Seems Well-Positioned to Manage Mideast Conflict -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPetroChina Seems Well-Positioned to Manage Mideast Conflict -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-31 17:26</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0926 GMT - PetroChina seems well-positioned to manage potential disruptions from the Middle East conflict, says Morningstar's Chokwai Lee in a note. This is given the Chinese energy major's extensive pipeline assets and diversified supply sources, says the director. Meanwhile, its gas sales segment profit is likely to remain robust, as it expands storage capacity for gas and can reduce its reliance on expensive spot purchases, he adds. Morningstar raises its fair value estimates for PetroChina's Hong Kong-listed shares to HK$10.30 from HK$9.50 and for its Shanghai-listed shares to 9.00 yuan from 8.70 yuan. PetroChina's H shares ended 3.5% lower at HK$10.75, while its A shares closed 2.0% lower at 12.19 yuan. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 31, 2026 05:26 ET (09:26 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2495084118.USD","symbol_name":"ALLIANZ CHINA A-SHARES \"ATH\" (USDHDG) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2623302799","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2623302799","pubTimestamp":1774949160,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0926 GMT - PetroChina seems well-positioned to manage potential disruptions from the Middle East conflict, says Morningstar's Chokwai Lee in a note. 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This is given the Chinese energy major's extensive pipeline assets and diversified supply sources, says the director. Meanwhile, its gas sales segment profit is likely to remain robust, as it expands storage capacity for gas and can reduce its reliance on expensive spot purchases, he adds. Morningstar raises its fair value estimates for PetroChina's Hong Kong-listed shares to HK$10.30 from HK$9.50 and for its Shanghai-listed shares to 9.00 yuan from 8.70 yuan. PetroChina's H shares ended 3.5% lower at HK$10.75, while its A shares closed 2.0% lower at 12.19 yuan. 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