PetroChina cancels October fuel cargoes as PetroChina stock trades below EUR 1.09

Published on 10/02/2026 at 12:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue rose 5.30 percent to RMB 1,527,491 million. PetroChina stock costs EUR 1.08 on October 2, 2026 after EUR 1.09.

PetroChina, CNE1000003W8, Illustration mit AI erstellt.

PetroChina stock (ISIN CNE1000003W8) was trading at EUR 1.08 at Lang & Schwarz on October 2, 2026 at 11:48 a.m. CEST, down 0.92 percent versus the EUR 1.09 prior close. On October 1, 2026, Yahoo Finance reported that the state oil company had canceled several gasoline and jet fuel shipments scheduled for October.

Fuel cargoes reshape the near term

The cancellations came as Chinese refiners suspended oil product exports to destinations beyond Hong Kong and Macau pending further approval from Beijing. The report said the company had committed to most of the canceled deals during the prior two weeks, making domestic inventory policy an immediate operating factor for PetroChina.

That development creates a two-sided effect. Restricted exports can tighten regional fuel supply and support refining economics, while lower shipment volumes can reduce marketing activity and limit the flexibility of PetroChina's trading business.

First-half profit outpaces revenue

PetroChina Company Limited reported RMB 1,527,491 million of revenue for the first half of 2026, up 5.30 percent from RMB 1,450,021 million, according to its 2026 interim report. Profit attributable to owners rose 22.00 percent to RMB 103,936 million from RMB 85,185 million in the same period, the report said.

The gap between revenue growth and profit growth is the key operating signal. Profit from operations increased 17.60 percent to RMB 139,383 million, while operating cash flow rose 10.60 percent to RMB 251,281 million in the first half of 2026, according to the same interim report.

Stock holds below prior close

The interim report also declared an interim dividend of RMB 0.26 per share for 2026. At the same time, refining output fell 8.80 percent year over year in the first half, and total gasoline, kerosene and diesel sales declined 5.80 percent, highlighting the demand and volume pressure behind the export decision.

PetroChina was trading at EUR 1.08 at Lang & Schwarz on October 2, 2026 at 11:48 a.m. CEST, down 0.92 percent versus the prior close of EUR 1.09 at Lang & Schwarz. The further course of trading is shown by the continuously updated real-time quote of PetroChina stock.