Chinese energy giant PetroChina Company Limited reported 2019 earnings of RMB 45,677 million or RMB 0.25 per share compared with RMB 53,030 million or RMB 0.29 in the year-earlier period.
One of China’s big three oil giants, the other two being Sinopec and CNOOC Limited (CEO - Free Report) , PetroChina’s earnings were dragged down by lower commodity prices, weaker downstream results and massive gas import losses.
However, China’s dominant oil and gas producer’s total revenues during the year increased 6% from the 2018 level to RMB 2,516,810 million on higher oil and gas production.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Chinese energy giant PetroChina Company Limited reported 2019 earnings of RMB 45,677 million or RMB 0.25 per share compared with RMB 53,030 million or RMB 0.29 in the year-earlier period.
One of China’s big three oil giants, the other two being Sinopec and CNOOC Limited (CEO - Free Report) , PetroChina’s earnings were dragged down by lower commodity prices, weaker downstream results and massive gas import losses.
However, China’s dominant oil and gas producer’s total revenues during the year increased 6% from the 2018 level to RMB 2,516,810 million on higher oil and gas production.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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