PetroChina Stock Jumps on Oil Boom, Dividend Windfall & Stablecoin Ambitions
PetroChina’s Hong Kong shares jumped over 4% to HK$7.65 on October 20, nearing a 52-week high. The company reported a record 2024 net profit of ¥164.7 billion and raised its final dividend. PetroChina added 1.15 billion barrels of shale oil reserves and proposed a ¥40 billion gas storage acquisition. Management plans to pilot stablecoin-based cross-border settlements for oil and gas trades.
