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PetroChina Co (SHSE:601857) Accounts Payable & Accrued Expense for Financial Companies


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What is PetroChina Co Accounts Payable & Accrued Expense for Financial Companies?

Accounts Payable & Accrued Expense for Financial Companies only applies to insurance companies.


PetroChina Co (SHSE:601857) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PetroChina Co Ltd (SHSE:601857) » Definitions » Accounts Payable & Accrued Expense for Financial Companies
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No. 9 Dongzhimen North Street, Dongcheng District, Beijing, CHN, 100007
PetroChina, the national champion that inherited the majority of Chinese onshore oil and gas assets, has developed into an international supermajor. In 2022, it produced more than 1.6 billion barrels of oil equivalent of oil and gas, and had more than 1.4 billion barrels of annual crude oil primary distillation capacity and more than 22,000 service stations. The fluctuations in the prices of crude oil, refined products, chemical products, and natural gas have a significant impact on PetroChina's revenue. State-owned China National Petroleum Corp is PetroChina's controlling shareholder with a stake of more than 80%.