PETROCHINA 'H'

At the annual general meeting on 9 June 2026 a dividend of 0.53 HKD for fiscal year 2025 was approved, with a total distribution of 93.29 billion HKD, 4.47% above the previous year. The dividend was increased by 3.92% year‑on‑year; the yield for 2025 is 7.04%. On the ex‑dividend date the PetroChina share traded in Frankfurt at 1.12 EUR; the payout will be made shortly. FactSet expects a 2026 dividend of 0.53 CNY, which would push the dividend yield to around 9.59%. » Altro su finanzen.net

Petro Matad reports its most productive month to date in November thanks to the successful commissioning of Gazelle‑1; Heron‑1 continues to deliver stable production. The company is close to finalizing a revised oil sales agreement with PetroChina, with only one issue remaining concerning tax on processing fees, and the contract for 2026 will be adjusted. There is also a farm‑in offer for Block XX with due diligence underway, ongoing work and studies in Block VII, and talks with other interested parties. The joint venture SunSteppe Renewable Energy is simultaneously progressing three major projects, including a 200‑MW hybrid project in Tuv, a green hydrogen initiative with Oyu Tolgoi, and a 50‑MW battery storage project in Choir. » Altro su de.investing.com

Chinese chemical shares rose after reports of potential supply tightening circulated. Morgan Stanley reports that PetroChina intends to idled 19 outdated refinery and chemical plants, which could affect about 3.5 million tonnes of ethylene capacity older than 20 years. Additional reports of supply cuts in PTA from companies such as Xinfengming and Tongkun strengthened the rally along the PTA‑polyester value chain. Morgan Stanley views the developments as a positive reversal against overcapacity in the industry. » Altro su de.investing.com