{
  "id": 17011376,
  "title": "Petrochina shares rise as Q3 profit surges on strong oil prices",
  "url": "https://urgent.news/2026/10/29/petrochina-shares-rise-as-q3-profit-surges-on-strong-oil-prices",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T04:56:44.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/petrochina-shares-rise-as-q3-profit-surges-on-strong-oil-prices-4981479"
  },
  "original_language": "en",
  "account": "PetroChina's shares on the Hong Kong stock exchange surged on Thursday following the company's announcement of a substantial increase in third-quarter profits. The surge in earnings was driven by robust oil and gas prices, fueled by the ongoing conflict in the Middle East, which sent the stock price up 3.2% to HK$10.27, with a parallel increase of 1.1% in its Shanghai-listed shares.\n\nFor the third quarter, PetroChina's net income attributable to shareholders expanded by approximately 21.6% compared to the same period last year, reaching 51.84 billion yuan, or roughly $7.78 billion. The company's revenue for the quarter also rose by 10.4% to 793.57 billion yuan.\n\nAsia's leading oil and gas producer reported a significant benefit from the sharp rise in crude oil prices during the quarter. Persistent supply disruptions in the Middle East have caused global markets to experience volatility, leading to a significant increase in oil prices. PetroChina produced 698.6 million barrels of crude during the first nine months of 2026, which was a 2.2% decrease compared to the same period the previous year. However, the refinery throughput fell by 3.7% to 1,002.2 million barrels.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}