PetroChina (SEHK:857) Stock Still Looks Discounted On LNG Canada Expansion News

Simply Wall St.10-02

PetroChina has delivered a powerful 5 year share price run, which puts fresh attention on whether the current valuation is still grounded in what the business earns. With that backdrop, the question ...

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With that backdrop, the question ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/energy/hkg-857/petrochina-shares/news/petrochina-sehk857-stock-still-looks-discounted-on-lng-canad\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","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 (SEHK:857) Stock Still Looks Discounted On LNG Canada Expansion News</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 (SEHK:857) Stock Still Looks Discounted On LNG Canada Expansion News\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-02 01:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/hk/energy/hkg-857/petrochina-shares/news/petrochina-sehk857-stock-still-looks-discounted-on-lng-canad><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PetroChina has delivered a powerful 5 year share price run, which puts fresh attention on whether the current valuation is still grounded in what the business earns. With that backdrop, the question ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/energy/hkg-857/petrochina-shares/news/petrochina-sehk857-stock-still-looks-discounted-on-lng-canad\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2097828714.EUR","symbol_name":"AZ EQUITY CHINA \"BAZ\" (EUR) ACC","start_time":0,"source_url":"https://simplywall.st/stocks/hk/energy/hkg-857/petrochina-shares/news/petrochina-sehk857-stock-still-looks-discounted-on-lng-canad","article_id":"2672767474","we_media_id":null,"thumbnails":["https://simplywall.st/cdn-cgi/image/fit=cover,format=auto,width=320,height=180/https://images.simplywall.st/asset/industry/1031000-choice2-card/1788955863051"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/hk/energy/hkg-857/petrochina-shares/news/petrochina-sehk857-stock-still-looks-discounted-on-lng-canad","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2672767474","pubTimestamp":1790874952,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"PetroChina has delivered a powerful 5 year share price run, which puts fresh attention on whether the current valuation is still grounded in what the business earns. With that backdrop, the question for you is how much of the recent story is already reflected in the stock price and how much is being asked of PetroChina’s earnings power.\n\nOver the past 5 years PetroChina has returned 241.7%, which raises the stakes on whether the market price is now leaning heavily on its earnings profile to...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2097828714.EUR":"AZ EQUITY CHINA \"BAZ\" (EUR) ACC","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","LU0441854154.USD":"JPM ASIA PACIFIC EQUITY \"A\" (USD) ACC","LU0862451753.SGD":"JPMorgan Funds - Emerging Markets Dividend A (mth) SGD","GXDW":"Global X Dorsey Wright Thematic ETF","PMDE":"PGIM S&P 500 Max Buffer ETF - December","LU0405327494.USD":"ALLSPRING CHINA A FOCUS \"I\" (USD) ACC","LU1224444064.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AM\" (USDHDG) INC","VGFPF":"Vanguard Funds PLC","LU0469268626.HKD":"AB FCP I-ASIA EX JAPAN EQUITY PTF(AD","LU2399975544.HKD":"ALLIANZ ALL CHINA EQUITY \"AT\" (HKD) ACC","BK1528":"石油股票概念","LU2293587155.HKD":"ALLIANZ ORIENTAL INCOME \"AT\" (HKD) ACC","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","SG9999006597.SGD":"United China-India Dynamic Growth SGD","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","LU0359201612.USD":"贝莱德中国基金A2","FEBU":"AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF","JOYT":"JPMorgan Equity and Options Total Return ETF","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","RGLO":"Global Equity Active ETF","LU1282651048.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AMG\" (USD) INC","LU2328871848.SGD":"Eastspring Investments - China A Shares Growth AS SGD","LU1522347837.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC A","LU1115378108.SGD":"Eastspring Investments - Global Emerging Markets Dynamic AS SGD","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU0588545730.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"ADM\" (USD) INC","LU0890818403.SGD":"JPMorgan Funds - Emerging Markets Dividend A (mth) SGD-H","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU1808992512.USD":"AB ALL CHINA EQUITY PORTFOLIO \"A\" (USD) ACC","00857":"中国石油股份","VOTE":"TCW Transform 500 ETF","BK1226":"综合性石油与天然气企业","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","PBOG":"Portfolio Building Block Integrated Oil and Gas and Exploration and Production Index ETF","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) ACC","LU0588545490.SGD":"Eastspring Investments - Asian Equity Income AS SGD","LU0052750758.USD":"富兰克林中国基金A Acc","SG9999001093.SGD":"United Greater China Fund A Acc SGD","IE00B19Z5X02.USD":"Legg Mason QS - MV Asia Pacific ex Japan Equity Growth and Income A Acc USD","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","SGXZ62798434.SGD":"MAYBANK ASIAN GROWTH AND INCOME-I \"A\" (SGDHDG) ACC","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","LU0417516571.SGD":"Allianz Oriental Income Cl AT Acc SGD","LU1969619763.USD":"EASTSPRING INV CHINA A SHARES GROWTH \"A\" (USD) ACC","LU1785774172.SGD":"JPM TOTAL EMERGING MARKETS INCOME \"A\" (SGD) INC","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","DECU":"AllianzIM U.S. Equity Buffer15 Uncapped Dec ETF"},"translate_title":"中石油 (SEHK:857) 股票因加拿大液化天然气扩张消息而看起来仍然打折","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JOYT":0.9,"RGLO":0.9,"PBOG":1.5,"00857":0.9,"FEBU":0.9,"DECU":0.9,"VOTE":0.9,"VGFPF":0.9,"GXDW":0.9,"PMDE":0.9},"content_text":"PetroChina has delivered a powerful 5 year share price run, which puts fresh attention on whether the current valuation is still grounded in what the business earns. With that backdrop, the question for you is how much of the recent story is already reflected in the stock price and how much is being asked of PetroChina’s earnings power.  Over the past 5 years PetroChina has returned 241.7%, which raises the stakes on whether the market price is now leaning heavily on its earnings profile to keep justifying that move. The LNG Canada Phase 2 approval, which doubles that project's planned production capacity to 28 million tonnes per year, can influence expectations for PetroChina's long term earnings potential and capital requirements as its role in the joint venture evolves. The analysts covering PetroChina have run their own numbers. See what analysts think PetroChina's shares could be worth.  The issue now is whether PetroChina's recent share price, including a 44.8% gain over the past year, is adequately supported by the earnings performance that underpins it. If you are questioning whether PetroChina’s earnings fully justify this kind of run, it can help to compare that same earnings lens across 192 high quality undervalued stocks. AdvertisementDoes PetroChina Look Undervalued on Earnings? The P/E ratio tends to suit PetroChina because earnings are still a key anchor for how investors judge large integrated oil and gas groups. PetroChina currently trades at about 8.6x earnings, which sits below both the wider oil and gas industry average of roughly 12.6x and a peer group closer to 11.4x. That puts the stock on a lower earnings multiple than many similar businesses you might compare it against. Because the fair multiple implied by PetroChina’s own profile is higher than the current 8.6x, the shares screen as undervalued on this earnings yardstick. The LNG Canada Phase 2 approval has given the story fresh visibility, yet the stock still trades at a discount to where this model suggests a typical P/E could land for PetroChina’s mix of growth drivers and risks. Explore the numbers behind PetroChina's P/E valuation. SEHK:857 P/E Ratio as at Oct 2026 The PetroChina Narrative: What Would Justify Today's Price? Narratives pick up where PetroChina's P/E puzzle leaves off by spelling out which paths for growth, profitability and earnings would need to play out for the share price to sit meaningfully above or below today's level, and they sit on Simply Wall St's Community page. Instead of giving a single output like one multiple or a model line, they describe the future that output leans on, so you can keep checking whether PetroChina's reality still matches it. A written, number focused Narrative on PetroChina gives you a clear way to spell out what would need to happen for LNG Canada Phase 2 to translate into sustainable earnings power and capital returns that keep supporting today’s valuation. It also creates a record of those assumptions so you can test, refine, or challenge them as new project milestones and financial results arrive over time. Share your own Narrative for PetroChina and set out the assumptions behind your valuation. PetroChina’s valuation is only part of the story Price, earnings and projects are all important, but you also need to know who is steering PetroChina, how their incentives line up with yours, and what that might mean for future decisions. See who runs PetroChina and how they are paid.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n        and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n        financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n        Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n        Simply Wall St has no position in any stocks mentioned.New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. 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