PetroChina cancels October fuel cargoes while PetroChina stock trades above EUR 1.08

PetroChina (ISIN CNE1000003W8) canceled most gasoline and jet fuel shipments planned for October as China restricted fuel exports, while PetroChina stock was trading at EUR 1.09 at Lang & Schwarz on October 1, 2026. The price stood EUR 0.01 above the prior close of EUR 1.08, a gain of 0.93 percent.

October cargoes are canceled

As MarketScreener reported on October 1, 2026, PetroChina canceled the majority of gasoline and jet fuel shipments it had planned for October. The move followed a broader suspension of Chinese oil-product exports to regions beyond Hong Kong and Macau, with the restriction continuing until further notice.

The immediate effect is operational rather than a disclosed change to PetroChina's earnings outlook. The canceled cargoes had been committed during the previous two weeks, making the report relevant to the company's refined-product marketing activity and to its role in balancing domestic supply with international trade.

Profit growth strengthens the base

According to Quartr, PetroChina's first-half 2026 revenue rose 5.30 percent year over year to CNY 1,527.5 billion, while net profit attributable to owners increased 22.00 percent to CNY 103.9 billion. Basic earnings per share reached CNY 0.57, up from CNY 0.47 in the same period.

Cash generation also improved in the first half of 2026. Net cash flow from operating activities rose 10.60 percent year over year to CNY 251.3 billion, while total assets increased 5.60 percent to CNY 3,024.0 billion. The figures give the canceled October cargoes a narrower context: downstream activity faces a supply-policy constraint, but the latest reported period still showed higher profit and cash flow.

LNG Canada adds a second growth angle

PetroChina is also a 15.00 percent joint venture partner in LNG Canada. As Yahoo Finance reported on October 1, 2026, the project's Phase 2 approval will double LNG Canada's production capacity to 28 million tonnes per year.

The LNG expansion broadens PetroChina's international gas exposure while the October fuel cancellations highlight the policy sensitivity of its refined-products business. Yahoo Finance lists October 29, 2026 as the next earnings date for the Hong Kong-listed shares, giving investors a scheduled point for assessing how the latest operating developments affect the company's results.

EUR 1.09 versus prior close

At Lang & Schwarz, PetroChina stock was trading at EUR 1.09 on October 1, 2026 at 12:18 p.m. CEST, plus 0.93 percent versus the prior close of EUR 1.08. The reference quote remains below the primary-market 52-week high of CNY 13.69 and above the low of CNY 8.04, which are stated in Chinese yuan and cannot be compared directly with the euro quote.

The further course of trading is shown by the continuously updated real-time quote of PetroChina stock.

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