Who are PetroChina's main competitors?

Named competitors: Sinopec (600028.SS), CNOOC (600938.SS), ExxonMobil (XOM), Shell (SHEL.L). The cockpit's measured peer set (industry) also includes Shell (SHEL.L), Chevron (CVX), TotalEnergies (TTE.PA), ExxonMobil (XOM), Cnooc (0883.HK), Petroleo Brasileiro SA Sponsored ADR (PBR).

How has PetroChina stock performed?

Over six months to 6 Nov 2026 the shares returned +3.9% against +12.4% for the median peer; over one year +38.3%.

← CockpitCompetitor Analysis › 601857.SS PetroChina Co., Ltd. Class AOpen in the cockpit ↗

PetroChina Co., Ltd. Class A601857.SSCompetitor analysis, valuation and peers

China · CNY·Energy›Integrated Oil

China's largest integrated oil & gas company -- upstream production, refining, chemicals and a nationwide pipeline network.

≈ China's ExxonMobilMomentum leader 93

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$336B

US dollars, full cap

Free float

of shares outstanding

$/day

$359M

20-day average traded

Fwd P/E

12.1×

forward earnings

ROIC−WACC

+3.0 pp

WACC 5.0%

Hurdle

-14 pp

Req g minus delivered

Next earnings

145 days

31 Mar 2027

Close · CNYCN¥12.70

1D+1.3%

1W-8.2%

1M+9.6%

3M+14.9%

6M+3.9%

YTD+22.0%

1Y+38.3%

ATR %3.9%

52w lowhigh9.7% off high

What PetroChina does

China's largest integrated oil & gas company -- upstream production, refining, chemicals and a nationwide pipeline network.

Earns from three flows: crude and gas it produces, fuels and chemicals from its refineries, and gas moved through its pipelines to cities and industry, where some prices are set or guided by the state. Its parent, CNPC, holds most of the shares, and the company is largely the listed arm of that group.

In one line: China's ExxonMobil.

Products and services

Crude oil & natural gas E&P
Refining & petrochemicals
Natural gas pipelines & sales
Retail fuel stations

Customers

Domestic industrial/utility gas buyers
Retail fuel consumers
Petrochemical customers

Where it sits in the supply chain

Energy
Integrated oil & gas
Exploration & production
Refining, chemicals & pipelines/retail

What could go right

China energy demand growth and gas pipeline expansion
Domestic oil/gas price and security-of-supply policy support

What could go wrong

Global oil price cycles
Heavy capex, state-directed pricing on domestic gas

Moat: wide (scale, regulatory licence, distribution). State-controlled dominant position in China's upstream reserves, pipeline network and refining capacity.

Headquarters: Beijing, China · Founded: 1999 · Employees: 367,173

Named competitors

Sinopec 600028.SS
CNOOC 600938.SS
ExxonMobil XOM
Shell SHEL.L

PetroChina at a glance

Size PetroChina (601857.SS) is a China Energy company (Integrated Oil) with a market value of $336B, the 5th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥12.70 on 6 Nov 2026.

Performance Over six months the shares gained 3.9%, against +12.4% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 10 in its peer set.

Growth Revenue fell 2.6% over the last twelve months (peer median +17.6%); the operating margin is 8.7% (peer median 16.7%).

Valuation It trades at 12.1× forward earnings against a peer median of 7.2× (most expensive of 10).

Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -14 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 3.0 points above its cost of capital (5.0% WACC).

Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: PetroChina against the median of its 9 peers (local-currency closes).

PetroChina financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	n/a	CN¥2.66T	CN¥2.73T	CN¥2.80T	CN¥3.05T
Revenue growth	—	-3%	-2%	-8%	—
Gross profit	n/a	CN¥391B	CN¥433B	CN¥472B	CN¥500B
EBITDA	n/a	CN¥469B	CN¥489B	CN¥500B	CN¥513B
Net income	n/a	CN¥157B	CN¥165B	CN¥161B	CN¥149B
Free cash flow	n/a	CN¥129B	CN¥113B	CN¥193B	CN¥151B
Capital expenditure	n/a	CN¥293B	CN¥303B	CN¥283B	CN¥244B
Total debt	CN¥422B	CN¥367B	CN¥370B	CN¥434B	CN¥465B

Quarterly statements and history in the cockpit →

PetroChina competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. PetroChina is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. PetroChina is the large dot.

Capital: growth delivered against growth the price implies

Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. PetroChina is the large dot.

PetroChina competitors and peer comparison

Head to head with its named competitors (601857.SS vs 600028.SS vs 600938.SS vs XOM)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
PetroChina 601857.SS	$336B	+4%	-3%	9%	12.1×	-5.1%
China Petroleum & Chemical 600028.SS	$99.2B	+8%	-10%	2%	15.8×	9.0%
CNOOC 600938.SS	$141B	-22%	+7%	46%	9.0×	-21.8%
ExxonMobil XOM	$677B	+16%	+21%	14%	11.8×	-5.9%
Shell SHEL.L	$284B	+18%	+15%	16%	7.7×	-10.9%

How PetroChina compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

PetroChina against its 9 peers (data as of 6 Nov 2026)
Measure	601857.SS	Peer median	Rank in peer set
1-month return	+9.6%	-1.5%	highest of 10
6-month return	+3.9%	+12.4%	5th lowest of 10
Distance from 52-week high	-9.7%	-12.4%	3rd highest of 10
Revenue growth (TTM)	-2.6%	+17.6%	lowest of 10
Operating margin	8.7%	16.7%	lowest of 10
Forward P/E	12.1×	7.2×	most expensive of 10
Growth the price implies (Req g, 7 yrs)	-5.1%	-13.1%	3rd most demanding of 9
Growth delivered (Del g)	+8.6%	+12.2%	2nd lowest of 9
Hurdle (Req g minus delivered)	-13.6 pp	-21.8 pp	most demanding of 9
ROIC minus cost of capital	+3.0 pp	+9.6 pp	lowest of 10
EV / EBITDA	5.5×	4.4×	4th most expensive of 10
Net debt / EBITDA	0.2×	0.5×	3rd least indebted of 10

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
PetroChina 601857.SS	China	$336B	+4%	-3%	9%	12.1×	-5.1%	+8.6%
Shell SHEL.L	United Kingdom	$284B	+18%	+15%	16%	7.7×	-10.9%	+8.1%
Chevron CVX	United States	$415B	+18%	+22%	15%	11.4×	-3.0%	+14.3%
TotalEnergies TTE.PA	France	$200B	+2%	+11%	17%	7.0×	-15.6%	+9.0%
ExxonMobil XOM	United States	$677B	+16%	+21%	14%	11.8×	-5.9%	+12.7%
Cnooc 0883.HK	Hong Kong	$148B	-9%	+11%	46%	5.8×	n/a	n/a
Petroleo Brasileiro SA Sponsored ADR PBR	United States	$118B	-9%	+21%	35%	3.7×	-19.8%	+11.0%
Bp PLC BP..L	United Kingdom	$116B	+2%	+23%	13%	5.4×	-16.3%	+11.7%
Equinor EQNR.OL	Norway	$102B	+12%	+2%	33%	7.2×	-15.4%	+20.7%
Canadian Natural Resources CNQ.TO	Canada	$101B	+12%	+18%	27%	10.3×	2.8%	+18.1%

Questions

Who are PetroChina's main competitors?: Named competitors: Sinopec (600028.SS), CNOOC (600938.SS), ExxonMobil (XOM), Shell (SHEL.L). The cockpit's measured peer set (industry) also includes Shell (SHEL.L), Chevron (CVX), TotalEnergies (TTE.PA), ExxonMobil (XOM), Cnooc (0883.HK), Petroleo Brasileiro SA Sponsored ADR (PBR).
Is PetroChina expensive compared with its peers?: On forward p/e it trades at 12.1× against a peer median of 7.2×, most expensive of 10 in its peer set. For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -14 pp: the price already allows for a slowdown.
How has PetroChina stock performed?: Over six months to 6 Nov 2026 the shares returned +3.9% against +12.4% for the median peer; over one year +38.3%.