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  • Previous Rank4
  • Revenues ($M)$299,271
  • Revenue Percent Change-30.2%
  • Profits ($M)$7,091
  • Profits Percent Change-56.7%
  • Assets ($M)$621,242
  • Employees1,589,508

CNPC is still the physical face of Beijing’s never-ending global hunt for energy resources. It’s currently emerging from what might politely be called a transitional period, after a number of its past executives fell foul of the power struggle that President Xi Jinping refers to as an anti-corruption campaign. The company’s General Manager position was vacant for 16 months before it finally appointed industry veteran Zhang Jianhua in July. CNPC is officially trying to improve its governance and strengthen its balance sheet by opening up to private investors, but has little to show for it so far.

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Company Information

CEO
Wang Yilin
Sector
Energy
Industry
Petroleum Refining
HQ Location
Beijing, China
Employees1,589,508
Websitehttp://www.cnpc.com.cn
Years on Global 500 List16
Government owned 50% or more.

China National Petroleum Rank History

Key Financials (last fiscal year)

($ Millions)% change
Revenues ($M)$299,271-30.2%
Profits ($M)$7,091-56.7%
Assets ($M)$621,242-
Total Stockholder Equity ($M)$320,222-

Profit Ratios

Profit as % of Revenues2.4%
Profits as % of Assets1.1%
Profits as % of Stockholder Equity2.2%