<div id="readability-page-1"><div><p>UBS issued a report stating that PETROCHINA (00857.HK)<span> </span><span> +0.120 (+1.002%)  </span> <span> Short selling $608.68M; Ratio 38.355%  </span>  recorded 1Q26 revenue of RMB736.4 billion, down 2.2% YoY. Net profit rose 1.9% YoY to RMB48.3 billion, in line with the brokers expectations. The rating is Buy, with a TP of HKD14.2.</p><p>Looking ahead to 2Q26, on the upstream segment, the broker expects oil earnings growth to remain resilient amid oil prices staying at a peak level. It maintains a cautious stance on the refining segment, mainly due to rising crude procurement costs and relatively low utilization rates. The natural gas sales segment is expected to sustain steady growth momentum, with limited impact from higher imported gas costs due to a time lag effect. (ha/w)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-30 12:25.)</p></div><p>This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.</p></div>

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<p>UBS reported that PetroChinarecorded a 1Q26 revenue of RMB736.4 billion, down 2.2% YoY, with a net profit increase of 1.9% YoY to RMB48.3 billion, meeting expectations. The rating is 'Buy' with a target price of HKD14.2. For 2Q26, oil earnings growth is expected to remain resilient, while the refining segment faces challenges due to rising costs. The natural gas sales segment is anticipated to maintain steady growth despite higher imported gas costs.</p>

UBS: PETROCHINA 1Q26 Net Profit In Line; Earnings Growth Seen Resilient