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  • Public Info posted an update 1 year, 4 months ago

    There are a couple of major Chinese oil companies whose shares (in the form of American Depositary Receipts – ADRs) are traded on the New York Stock Exchange (NYSE):
    * PetroChina Co Ltd (ADR)
    * Ticker Symbol: PTR
    * Based on recent reports, PetroChina has approximately 183.02 billion shares outstanding. However, this figure represents the total shares outstanding across all listings, including their primary listing in Hong Kong (SEHK: 0857) and Shanghai (SSE: 601857).
    * The number of ADRs traded on the NYSE would represent a portion of these total shares. Financial data on the exact number of ADRs outstanding can fluctuate and might not be readily available as a single public figure.
    * China Petroleum & Chemical Corp (Sinopec) (ADR)
    * Ticker Symbol: SNP
    * Information on the exact number of ADRs for Sinopec traded on the NYSE is less readily available as a direct figure. However, the company has a significant market capitalization, indicating a substantial number of ADRs traded.
    Key Considerations:
    * ADRs represent a ratio of the underlying shares. One ADR might represent one, several, or a fraction of the company’s ordinary shares traded on their domestic exchange. The specific ratio for PetroChina (PTR) and Sinopec (SNP) would be detailed in their ADR agreements.
    * Fluctuations: The number of outstanding shares and ADRs can change over time due to corporate actions.
    * Data Sources: For the most precise and up-to-date number of ADRs traded, you would typically need to consult the companies’ investor relations websites, their filings with the U.S. Securities and Exchange Commission (SEC), or specialized financial data providers.
    In summary, while both PetroChina (PTR) and Sinopec (SNP) have their shares traded on the NYSE via ADRs, the exact number of ADRs outstanding for each can be dynamic and requires specific financial data sources for a precise figure. PetroChina’s total outstanding shares are around 183.02 billion across all its listings.

    Video courtesy of CSOB

    Video courtesy of CSOB