About CNPC
China National Petroleum Corporation (CNPC) is a state‑owned enterprise and the world’s third‑largest oil company, headquartered in Dongcheng District, Beijing. CNPC’s core operations encompass hydrocarbon exploration and production across both onshore and offshore fields in China, with a robust portfolio that includes major onshore basins such as the Tarim Basin and offshore blocks in the South China Sea. The company is authorized to cooperate with foreign oil and gas entities, enabling joint ventures and technology exchanges that enhance its global footprint. CNPC’s integrated business model spans the entire petroleum value chain: from upstream exploration and drilling to midstream transportation, downstream refining, and petrochemical manufacturing. It operates a network of refineries and petrochemical plants that supply fuels, lubricants, and specialty chemicals to domestic and international markets. In addition to traditional oil and gas activities, CNPC has invested heavily in energy conservation and carbon reduction initiatives, launching a 2024‑2025 Energy Conservation and Carbon Reduction Action Plan that outlines a “1+7” framework aimed at reducing emissions and improving energy efficiency across its operations. The company also provides comprehensive oilfield services, including drilling, well completion, and maintenance, positioning itself as a major contractor in the global oilfield services sector. CNPC’s diversified portfolio and strategic partnerships have solidified its leadership role in China’s petroleum industry and its standing as a key player in the global energy market. The corporation’s commitment to technological innovation, environmental stewardship, and international collaboration underscores its mission to deliver reliable energy solutions while advancing sustainable development goals.
Company facts
- Industry
- Oil & Gas
- Sub-industries
- Exploration, Production, Refining, Petrochemicals, Oilfield Services, Energy Conservation, Carbon Reduction
- Location
- Beijing, China
- Employees
- ≥100K
- Revenue (USD)
- ≥100B
Products and services
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