PetroChina Company Limited (PC6) - Net Assets
Based on the latest financial reports, PetroChina Company Limited (PC6) has net assets worth €1.84 Trillion EUR (≈ $2.15 Trillion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€3.04 Trillion ≈ $3.55 Trillion USD) and total liabilities (€1.20 Trillion ≈ $1.41 Trillion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check PetroChina Company Limited tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.84 Trillion |
| % of Total Assets | 60.42% |
| Annual Growth Rate | 2.95% |
| 5-Year Change | 27.73% |
| 10-Year Change | 31.09% |
| Growth Volatility | 3.35 |
PetroChina Company Limited - Net Assets Trend (2013–2025)
This chart illustrates how PetroChina Company Limited's net assets have evolved over time, based on quarterly financial data. See PC6 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for PetroChina Company Limited (2013–2025)
The table below shows the annual net assets of PetroChina Company Limited from 2013 to 2025. For live valuation and market cap data, see PetroChina Company Limited market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €1.80 Trillion ≈ $2.10 Trillion |
+5.25% |
| 2024-12-31 | €1.71 Trillion ≈ $2.00 Trillion |
+4.86% |
| 2023-12-31 | €1.63 Trillion ≈ $1.91 Trillion |
+6.03% |
| 2022-12-31 | €1.54 Trillion ≈ $1.80 Trillion |
+9.16% |
| 2021-12-31 | €1.41 Trillion ≈ $1.65 Trillion |
+3.09% |
| 2020-12-31 | €1.37 Trillion ≈ $1.60 Trillion |
-5.38% |
| 2019-12-31 | €1.44 Trillion ≈ $1.69 Trillion |
+2.39% |
| 2018-12-31 | €1.41 Trillion ≈ $1.65 Trillion |
+2.12% |
| 2017-12-31 | €1.38 Trillion ≈ $1.61 Trillion |
+0.63% |
| 2016-12-31 | €1.37 Trillion ≈ $1.60 Trillion |
+2.14% |
| 2015-12-31 | €1.34 Trillion ≈ $1.57 Trillion |
+1.99% |
| 2014-12-31 | €1.32 Trillion ≈ $1.54 Trillion |
+3.77% |
| 2013-12-31 | €1.27 Trillion ≈ $1.48 Trillion |
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Equity Component Analysis
This analysis shows how different components contribute to PetroChina Company Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 22.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €1.04 Trillion | 65.45% |
| Other Components | €547.96 Billion | 34.55% |
| Total Equity | €1.59 Trillion | 100.00% |
PetroChina Company Limited Competitors by Market Cap
The table below lists competitors of PetroChina Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Mindray Bio-Medical Electronics Co Ltd Class A
SHE:300760
|
$24.84 Billion |
|
SAMPO OYJ (SDR)/1
F:SMP
|
$24.86 Billion |
|
Veeva Systems Inc Class A
NYSE:VEEV
|
$24.90 Billion |
|
Vestas Wind Systems A/S
F:VWSA
|
$24.97 Billion |
|
Everpure, Inc.
NYSE:P
|
$24.78 Billion |
|
Naturgy Energy Group SA
MC:NTGY
|
$24.77 Billion |
|
Hua Hong Semiconductor Limited
F:1HH
|
$24.76 Billion |
|
Coterra Energy Inc
NYSE:CTRA
|
$24.72 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PetroChina Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,515,371,000,000 to 1,586,061,000,000, a change of 70,690,000,000 (4.7%).
- Net income of 157,302,000,000 contributed positively to equity growth.
- Dividend payments of 100,404,000,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €157.30 Billion | +9.92% |
| Dividends Paid | €100.40 Billion | -6.33% |
| Other Changes | €13.79 Billion | +0.87% |
| Total Change | €- | 4.66% |
Book Value vs Market Value Analysis
This analysis compares PetroChina Company Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.12x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €6.52 | €1.01 | x |
| 2018-12-31 | €6.63 | €1.01 | x |
| 2019-12-31 | €6.72 | €1.01 | x |
| 2020-12-31 | €6.64 | €1.01 | x |
| 2021-12-31 | €6.90 | €1.01 | x |
| 2022-12-31 | €7.48 | €1.01 | x |
| 2023-12-31 | €7.90 | €1.01 | x |
| 2024-12-31 | €8.28 | €1.01 | x |
| 2025-12-31 | €8.67 | €1.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PetroChina Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.92%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.49%
- • Asset Turnover: 1.01x
- • Equity Multiplier: 1.78x
- Recent ROE (9.92%) is above the historical average (6.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 11.44% | 5.74% | 0.96x | 2.07x | €16.33 Billion |
| 2014 | 9.11% | 4.69% | 0.95x | 2.05x | €-10.42 Billion |
| 2015 | 3.01% | 2.06% | 0.72x | 2.03x | €-82.45 Billion |
| 2016 | 0.66% | 0.49% | 0.67x | 2.02x | €-111.05 Billion |
| 2017 | 1.91% | 1.13% | 0.84x | 2.01x | €-96.55 Billion |
| 2018 | 4.33% | 2.23% | 0.97x | 2.00x | €-68.84 Billion |
| 2019 | 3.71% | 1.82% | 0.92x | 2.22x | €-77.33 Billion |
| 2020 | 1.56% | 0.98% | 0.78x | 2.05x | €-102.51 Billion |
| 2021 | 7.29% | 3.53% | 1.04x | 1.98x | €-34.19 Billion |
| 2022 | 10.91% | 4.61% | 1.21x | 1.95x | €12.45 Billion |
| 2023 | 11.16% | 5.36% | 1.09x | 1.90x | €16.77 Billion |
| 2024 | 10.87% | 5.61% | 1.07x | 1.82x | €13.14 Billion |
| 2025 | 9.92% | 5.49% | 1.01x | 1.78x | €-1.30 Billion |
Industry Comparison
This section compares PetroChina Company Limited's net assets metrics with peer companies in the Oil & Gas Integrated industry.
Industry Context
- Industry: Oil & Gas Integrated
- Average net assets among peers: $5,832,273,036,921
- Average return on equity (ROE) among peers: 4.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PetroChina Company Limited (PC6) | €1.84 Trillion | 11.44% | 0.66x | $24.83 Billion |
| BP PLC (BPE) | $78.32 Billion | 0.49% | 2.60x | $44.96K |
| China Petroleum & Chemical Corporation (CHU) | $788.16 Billion | 4.13% | 0.84x | $12.70 Billion |
| Equinor ASA (DNQA) | $33.89 Billion | -16.26% | 2.60x | $77.48 Billion |
| Ecopetrol S.A (ECHA) | $48.22 Trillion | 14.89% | 1.44x | $26.40 Billion |
| Eni S.p.A (ENI1) | $51.07 Billion | 8.08% | 1.32x | $68.82 Billion |
| SHELL PLC WI ADR/2 (L3H) | $175.32 Billion | 11.46% | 1.31x | $190.34 Billion |
| PTT Public Company Limited (NVA3) | $1.47 Trillion | 7.36% | 1.09x | $26.62 Billion |
| OMV AG ADR 1 (OMVI) | $22.57 Billion | 4.77% | 1.05x | $18.00 Billion |
| PTT Public Company Limited (PTOG) | $1.65 Trillion | 5.46% | 0.98x | $10.48K |
About PetroChina Company Limited
PetroChina Company Limited, together with its subsidiaries, engages in a range of petroleum related products, services, and activities in Mainland China and internationally. It operates through the Oil and Gas and New Energy; Refining, Chemicals and New Materials; Sales; and Natural Gas Sales Segments. The Oil, Gas and New Energy Resource segment engages in the exploration, development, transport… Read more