PetroChina stock: Goldman Sachs sets PetroChina stock target at CNY 15.50

Published on 10/20/2026 at 17:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached CNY 791.11 billion on June 30, 2026. PetroChina stock costs EUR 1.12 on October 20, 2026, up 1.18 percent on the day.

Goldman Sachs keeps target

Goldman Sachs maintained its Buy rating and set a CNY 15.50 A-share target on October 16, 2026.
Second-quarter revenue reached CNY 791.11 billion and net income reached CNY 55.60 billion on June 30, 2026.
PetroChina stock costs EUR 1.12 at Lang & Schwarz on October 20, 2026 at 5:00 p.m. CEST, up 1.18 percent on the Shanghai close.
PetroChina is scheduled to report third-quarter results on October 29, 2026.

PetroChina, CNE1000003W8, Illustration mit AI erstellt.

Goldman Sachs maintained its Buy rating on PetroChina and set a CNY 15.50 target for the company’s A shares in a report dated October 16, 2026, according to Futunn. The target is 20.62 percent above the CNY 12.85 last price on the Shanghai Stock Exchange. PetroChina stock was at EUR 1.12 at Lang & Schwarz on October 20, 2026 at 5:00 p.m. CEST, up 1.18 percent against the Shanghai Stock Exchange prior close of CNY 12.70.

CNY 15.50 target remains central

The Goldman Sachs view keeps the upstream oil and gas business at the center of the valuation discussion. The report assigned PetroChina an A-share target of CNY 15.50 and an H-share target of HKD 12.10, while retaining the Buy rating. The A-share target is 20.62 percent above the Shanghai price of CNY 12.85.

PetroChina reported CNY 791.11 billion in revenue and CNY 55.60 billion in net income for the second quarter ended June 30, 2026, according to Yahoo Finance. Revenue was higher than the CNY 736.38 billion recorded in the first quarter of 2026, while net income increased from CNY 48.33 billion.

EUR 1.12 price and 1.18 percent move

The Shanghai quote stood at CNY 12.85 on October 20, 2026, with a 52-week range of CNY 8.58 to CNY 13.69. The last price was 6.13 percent below the 52-week high. Trading volume reached 136,106,105 shares, and the market capitalization was CNY 2.3 trillion.

The valuation was 13.39 times earnings on October 20, 2026. The next scheduled company event is the third-quarter report on October 29, 2026, according to finanzen.at. The same source cites a consensus revenue estimate of CNY 777.69 billion for the third quarter, compared with CNY 785.82 billion in the prior-year quarter, a decline of 1.03 percent.

Comparison with peers

PetroChina: up 1.18 percent, P/E 13.39, market capitalization CNY 2.3 trillion.

China Petroleum & Chemical Corporation (Shanghai Stock Exchange, CNY): down 0.37 percent, P/E 18.45, market capitalization CNY 657.9 billion.

CNOOC Limited (Shanghai Stock Exchange, CNY): up 0.54 percent, P/E 7.17, market capitalization CNY 1.2 trillion.

Goldman Sachs target and reporting date

For investors, the combination of a CNY 15.50 target and the October 29 reporting date creates two concrete reference points. The second-quarter figures provide the latest reported operating base, while the third-quarter estimate of CNY 777.69 billion gives the market a quantified comparison for the upcoming release.

At Lang & Schwarz, PetroChina stock was trading at EUR 1.12 on October 20, 2026 at 5:00 p.m. CEST, up 1.18 percent on the day against the Shanghai Stock Exchange prior close of CNY 12.70. The further course of trading is shown by the continuously updated real-time quote of PetroChina stock.