|Bid||0.00 x 800|
|Ask||37.39 x 900|
|Day's range||35.42 - 36.36|
|52-week range||27.68 - 41.20|
|Beta (5Y monthly)||0.87|
|PE ratio (TTM)||8.13|
|Forward dividend & yield||2.53 (7.07%)|
|1y target est||48.07|
The Zacks Analyst Blog Highlights: Adobe, Toyota Motor, QUALCOMM, Eli Lilly and PetroChina
Chinese oil majors will struggle to extend fast growth in shale gas production beyond 2025, as complex geology and failure to draw in more investors make it expensive to develop the unconventional resource. That would be a blow to China's efforts to cut its reliance on gas imports, presently 42% of total consumption. It would also mean Beijing will have to step up development of other costly gas resources in its remote northwest to meet demand, as the country steers away from coal to achieve climate goals.
British energy major BP plc (BP), in association with Reliance Industries, started production from Asia's deepest offshore gas field. Meanwhile, a slew of oil/gas discoveries was announced by ConocoPhillips (COP), PetroChina (PTR) and Petrobras (PBR).