Petroleum and Natrual Gas Corporation of China (China National Petroleum Corporation, CNPC) is a collection of oil and gas exploration and development, refining and petrochemical, oil product marketing, oil and gas storage and transportation, oil trading, engineering and technical services and petroleum equipment manufacturing an integrated energy company. In 2008, China's oil in the United States, "Petroleum Intelligence Weekly," the world's top 50 oil companies in the comprehensive ranking, ranked No. 5, ranking No. 25 in the US "Fortune" magazine in 2008 the world's top 500 companies ranked. May 30, 2010, according to the report of research institutions "Financial Times" British show, the current market value of the oil reached $ 329.3 billion (as of March 31, 2010), among the world's top 500 companies, as the world's largest enterprises . 2014 "Fortune" Global 500 list, China National Petroleum Corporation with annual revenues of $ 432,007,700,000 fourth highest rating, ranking up another one than in 2013, a record score.
China Petroleum Group, China Petroleum oil ongoing investment activities in 22 countries overseas.
China National Petroleum Corporation (referred to as "China Petroleum Group", the English abbreviation: CNPC) is the State Council institutional reform program in July 1998 on the basis of the former China National Petroleum Corporation on the formation of large petroleum and petrochemical enterprise group, the Department of State institutions and state-authorized investment holding company, is the implementation of the upstream and downstream, domestic and foreign trade, production and marketing integration, operating in accordance with the modern enterprise system, trans-regional, cross-border operation of the integrated oil companies.
As China's largest crude oil and natural gas production, oil refining and the largest supplier of chemical products, suppliers, China National Petroleum Corporation is involved in oil and gas exploration and development, refining and petrochemical, pipeline transportation, oil and gas refining product sales, petroleum engineering and technical services, in petroleum machinery manufacturing, petroleum trade, dominant in China's oil and gas production, processing and marketing, and in the United States, "petroleum Intelligence Weekly," the world's 50 largest oil companies in the ranking, China petroleum Group ranked No. 10 , ranked No. 46 in the "Fortune" magazine published in 2005, ranking the world's top 500 enterprises, over 2004 moved up six.
China Petroleum Group total registered capital of 114.9 billion yuan, the existing total assets of 913.7 billion yuan, has 13 large and giant oil and gas enterprises in the territory of the Northeast China, North China, Northwest, Southwest and other large areas, 16 large and giant oil refining and chemical enterprises, 19 oil marketing companies and a large number of research institutes and petroleum and petrochemical petroleum construction operations, technical services, machinery manufacturing enterprises, with the Middle East, North Africa, Central Asia, Russia, South America and other regions of nearly 30 oil and gas exploration and production projects. In 2004 domestic production of 111.761 million tons of crude oil, production of natural gas 28.66 billion cubic meters, 110.775 million tons of crude oil; at the same time acquire an interest in overseas 16.423 million tons of crude oil production, gas production 2.59 billion cubic meters. Annual sales income of 570.7 billion yuan, 128.9 billion yuan profit, profit topped the list in the domestic enterprises.
China National Petroleum Corporation (PetroChinaCompanyLimited) is the largest subsidiary of China National Petroleum Corporation, the main operating oil and gas exploration, development, production, refining, transportation, marketing and other main business. The company was successfully listed in Hong Kong and New York in April 2000, China's CNPC owns 90% stake.
After nearly 50 years of accumulated construction and more than five years of rapid development, China National Petroleum Corporation has built a complete range of advanced technology and rich experience in oil production and construction professional team, with participation of various types of domestic and foreign oil and gas field engineering and technical a full set of technical strength and technological superiority services, the overall level of technology in a leading position, many technology has reached world advanced level.
Into the new century, China National Petroleum Group in guiding the company, large group strategy and relevant policies and support, is implementing a set of new development strategy, aimed at the international petroleum industry with the advanced level, accelerate the construction of main prominent, core competitive group of large multinational oil companies, continue to maintain the world's largest oil company's top-ranking position. The company ranked third in China Enterprise Confederation and China Entrepreneurs Association released the 2006 ranking of the top 500 Chinese enterprises, 500 Chinese enterprises in 2007 is ranked second. The enterprises in the 2007 annual "fortune" the world's largest five hundred companies ranked to 110520 million dollar revenue ranked twenty-fourth. 5.12 Wenchuan earthquake relief donations 10 million yuan.