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  • Rank4
  • Previous Rank4
  • CEO
    Wang Yilin
  • Address
    9 Dongzhimen N. St., Beijing 100007
  • Websitehttp://www.cnpc.com.cn
  • Industry
    Petroleum Refining

Known as the parent company of PetroChina, China’s biggest oil producer was hurt by lower oil prices throughout the year. Profits fell by 17%. Like its state-owned rival Sinopec, CNPC was also the focus of an intense anti-corruption campaign. In fact, CNPC has been one of the campaign’s prime targets over the past two years. Zhou Yongkang, former CNPC chairman, was jailed for life this year on graft charges. His case highlighted Beijing’s efforts to break the power clique at CNPC. During the year, CNPC’s strong refining and distribution businesses helped mitigate losses from oil price declines.

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Company Information

CEO
Wang Yilin
Industry
Petroleum Refining
Sector
Energy
HQ Location
Beijing, China
Websitehttp://www.cnpc.com.cn
Years on List15
Government owned 50% or more.

Key Financials (last fiscal year)

($ Millions)% change
Revenues428,620-0.8%
Profits16,359.5-11.6%
Assets634,811.5-
Employees1,636,532-

Profits as a % of

Profit as % of Revenues3.8%
Profits as % of Assets2.6%
Profits as % of Stockholder Equity5.1%