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Global 500

Yang linhua—Imaginechina/AP

4

China National Petroleum

China

Exploring hydrocarbon production operations onshore and offshore, this Chinese state-owned company is the largest integrated energy company in China. CNPC integrates the business portfolios of an oil company and oilfield service provider, but also continues operations in the entire oil and gas industry value chain. As renewable energy becomes cheaper and more marketable in the world, CNPC will have to keep up with rising environmental protection standards and the growing demand for energy in the country, especially as China emerges as a leader in the Paris Climate Accord.

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CEO

Zhang Jianhua

Sector

Energy

Industry

Petroleum Refining

HQ Location

Beijing, China

Years on Global 500 List

17

Employees

1,512,048

Government owned 50% or more.Includes revenues from discontinued operations. Excise taxes have been deducted.
Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$262,573-12.3%
Profits ($M)$1,867.5-73.7%
Assets ($M)$585,619
Total Stockholder Equity ($M)$301,893
Profit Ratios
Profit as % of Revenues0.7%
Profits as % of Assets0.3%
Profits as % of Stockholder Equity0.6%