On the Record · Petrochina
Petrochina acquisitions, on the record
The businesses Petrochina bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Dalian West Pacific Petrochemical Co., Ltd.Word for word“On May 17, 2019, the transaction was completed.” 20-F for 2019 | acquisition | May 17, 2019 | — |
Target entities holding major oil and gas pipelines, gas storage, oil storage, LNG terminals and ancillary facilities (sold to PipeChina)Word for word“Pursuant to these agreements, we agreed to sell, and PipeChina agreed to buy, our interests in certain of our subsidiaries, branches, associated companies (“target entities”), which together held our major oil and gas pipelines, certain gas storage facilities, oil storage facilities, LNG terminals and ancillary facilities, and the initial oil and gas inventory contained therein (together, the “target assets”) in exchange for 29.9% of the equity interests in PipeChina and a cash consideration (the “transaction”).” 20-F for 2020 | agreed divestiture | — | 29.9% of the equity interests in PipeChina and a cash consideration |
major oil and gas pipelines, certain gas storages, LNG terminals and initial oil and gas (including its equity interests) (Target Assets) sold to PipeChinaWord for word“The Company sold its major oil and gas pipelines, certain gas storages, LNG terminals and initial oil and gas (including its equity interests) (“Target Assets”) to PipeChina for 29.9 % of its equity interests (RMB 149,500 ) and corresponding cash consideration (the “Pipeline restructuring”).” 20-F for 2021 | divestiture | — | 29.9 % of its equity interests (RMB 149,500 ) and corresponding cash consideration |
Singapore Petroleum Company and PetroIneos Trading LimitedWord for word“(i) Goodwill primarily relates to the acquisition of Singapore Petroleum Company and PetroIneos Trading Limited, subsidiaries in the Marketing segment, completed in 2009 and 2011, respectively.” 20-F for 2022 | acquisition | completed in 2009 and 2011, respectively | — |
Read from Petrochina’s annual reports (20-F for 2022, 20-F for 2021, 20-F for 2020, 20-F for 2019) and the financial data it files with the SEC, as of 2023-04-28. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.