PetroChina Co Ltd - Company Profile
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PetroChina Co Ltd (PetroChina), a subsidiary of China National Petroleum Corp, is an integrated oil and natural gas company. Support from the parent company, a strong reserve base, and a focus on R&D are its strengths, even as a working capital deficit could be a cause for concern. Whereas an increasing demand for natural gas; partnerships and agreements; and a focus on oil, gas, and new energy business could provide adequate growth opportunities for the company. However, fluctuations in oil and gas prices, foreign exchange risks, and intense competition could affect its operations.
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