0926 GMT - PetroChina seems well-positioned to manage potential disruptions from the Middle East conflict, says Morningstar's Chokwai Lee in a note. This is given the Chinese energy major's extensive pipeline assets and diversified supply sources, says the director. Meanwhile, its gas sales segment profit is likely to remain robust, as it expands storage capacity for gas and can reduce its reliance on expensive spot purchases, he adds. Morningstar raises its fair value estimates for PetroChina's Hong Kong-listed shares to HK$10.30 from HK$9.50 and for its Shanghai-listed shares to 9.00 yuan from 8.70 yuan. PetroChina's H shares ended 3.5% lower at HK$10.75, while its A shares closed 2.0% lower at 12.19 yuan. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

March 31, 2026 05:26 ET (09:26 GMT)

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