5 Oil Stocks to Watch on Thursday

2. PetroChina Company Limited (NYSE:PTR)

PetroChina Company Limited (NYSE:PTR) is the biggest oil and gas producer in Asia. The stock is up 0.49% as of 1:53 PM ET.

In 2021, 4.5% of PetroChina Company Limited’s (NYSE:PTR) total revenue came from Russia. PetroChina Company Limited (NYSE:PTR) agreed to import 800,000 barrels per day (BPD) of oil from Russia, as revealed by filings to the US Securities and Exchange Commission on April 29. This is 40% of the total non-OPEC production that comes into China. The demand for crude oil products would rise in China following the end of COVID-19-related lockdowns across various parts of the country.

Out of the 912 hedge funds in Insider Monkey’s database, 7 funds held a stake in PetroChina Company Limited (NYSE:PTR) as of Q1 2022.