China National Offshore Oil

The corporations on our annual list of the world's 500 largest companies combined to generate $41.7 trillion in revenue over the past year.

Fortune Global 500

The corporations on our annual list posted aggregate revenues of $41 trillion for the second year in a row.

The corporations on our annual list of the world’s largest companies delivered a record $41 trillion in aggregate revenues.

Global-500-2023-CNOOC

The state-owned Chinese National Offshore Oil Corporation (CNOOC) is one of China’s three main state-owned oil giants. 
<ul> 
 	<li>It leaped 23 spots on this year’s Global 500 rankings after a bumper 2022: Its combined oil and gas output rose 8.9% to a record high, and the company’s oil price in 2022 was 42% higher, on average, than the previous year’s.</li> 
 	<li>CNOOC worked on expanding its natural gas portfolio last year, developing domestic reservoirs such as Baodao 21-1 in the Qiongdongnan basin of the South China Sea.</li> 
 	<li>To reduce China’s dependence on foreign oil, CNOOC has spearheaded offshore deepwater drilling efforts, including in waters contested by China’s neighbors, which has created conflict with the U.S. government.</li> 
</ul>

Aggregate sales hit $37.8 trillion last year—an increase of 19%, the highest annual growth rate in the list’s history.

Total revenue for the world’s biggest companies fell 4.8% to $31.7 trillion this year—the first decline in half a decade.

G500-2021-092-China National Offshore Oil

This year's Fortune Global 500 generated $33.3 trillion in revenues and $2.1 trillion in profits.

G500-2020-064-China-National-Offshore-Oil

This year's Fortune Global 500 generated $27.7 trillion in revenues and $1.5 trillion in profits.

This year's Fortune Global 500 generated $27.6 trillion in revenues and $1.5 trillion in profits.

Business insiders have spoken: Asked which companies they most admire, more than 4,100 executives, directors, and analysts chose these top 50 All-Stars.

World's Most Admired Companies

The world's 500 largest companies generated $31.2 trillion in revenues and $1.7 trillion in profits in 2014. Together, this year's Fortune Global 500 employ 65 million people worldwide and are represented by 36 countries.

Global business is back. After limping through a worldwide financial crisis and economic slowdown, the 500 largest companies ranked by revenues shattered all sorts of performance records in 2013: They racked up combined revenues of $31.1 trillion, up 2.5% from 2012, and profits soared 27% to nearly $2 trillion. China’s 95 companies (up from 89 last year) posted $5.8 trillion in revenues. The U.S. has four fewer companies on the list than last year but remains (for now) the country leader, with 128 corporations on the list—including No. 1 Wal-Mart Stores—reporting $8.6 trillion in revenues. 

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China National Offshore Oil is an investment holding company which engages in oil and gas exploration and production in China and internationally. It is also involved in the refining and marketing of oil and petrochemical products, technical and financial services, and natural gas and power generation, as well as offshore wind power business. Founded in 1982, the company is state-owned.

China National Offshore Oil

China National Offshore Oil in Fortune Rankings