China National Petroleum Corporation (CNPC) is an integrated international energy company based in China. CNPC has oil and gas assets and interests in more than 30 countries in Africa, Central Asia-Russia, America, the Middle East, Asia Pacific, and other regions. In the year ending 31 December 2018, CNPC employed approximately 1.45 million people throughout its operations and generated RMB 2,739.0 billion in revenue, making it one of the top 5 Fortune 500 companies in the world.
CNPC is China's largest oil and gas producer and supplier, as well as one of the world's major oilfield service providers. CNPC also acts as a contractor in engineering construction. CNPC's businesses cover petroleum exploration and production, natural gas and pipelines, refining and marketing, oilfield services, engineering construction, petroleum equipment manufacturing and new energy development, as well as capital management, finance and insurance services.
Founded in September 1988, CNPC is a wholly owned subsidiary of the State-owned Assets Supervision and Administration Commission of China.
China National Petroleum Corporation (CNPC) does not provide financial information for is operating segments. The following details the types of services and products the corporation creates via its segments.
Exploration & Production - CNPC finds and extract soil and gas from underground by various technical means.
Refining & Chemicals - CNPC processes over 160 million tons of crude and produce over 5 million tons of ethylene domestically per year.
Natural Gas & Pipelines - CNPC produces and delivers natural gas to end users via a 54,270km-long gas pipeline network, and also operates 20,736km of crude pipelines and 11,728km of oil products pipelines.
Marketing & Trading - CNPC sells and buys crude oil and petroleum products, basic petrochemicals, derivative chemicals and other chemicals.
Oilfield Services - CNPC provides services in geophysical prospecting, drilling, well logging, mud logging, downhole operations and offshore engineering.
Engineering & Construction - CNPC designs and constructs oil and gas field production facilities, pipeline, storage tank, refinery and chemical plant, and offshore engineering.
Manufacturing - CNPC produces equipment for exploration and production, oilfield services, pipeline construction, refining and chemical processing, and offshore engineering.
New Energy Development - CNPC is involved in the development and utilisation of new energy, which the company sees as an important approach to cope with energy and environment challenges, and facilitate sustainable development.
Finance - CNPC's financial business covers in-house banking, banking, financial leasing, trust, insurance, insurance brokerage and securities.
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