Market Chatter: PetroChina's Trading Unit Set for Record Profit Amid Middle East War

MT Newswires Live10-19 09:32

PetroChina's (HKG:0857, SHA:601857) international trading arm, PetroChina International (PCI), is expected to post record gross profit of more than 20 billion yuan in 2026, Reuters reported Friday, citing two people familiar with the matter.

The company has benefited from its production, refining, and retail network, which has helped cushion disruptions from the ongoing war in the Middle East, according to the report.

PCI's crude oil division had more than doubled its full-year 2025 earnings by early October, while its fuel products and natural gas businesses also performed strongly, the report said.

PetroChina did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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