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  • Previous Rank4
  • Revenues ($M)$392,976.60
  • Revenue Percent Change20.5%
  • Profits ($M)$2,270.50
  • Profits Percent Change-
  • Assets ($M)$601,899.90
  • Employees1,382,401

China National Petroleum Corp (CNPC), the state-owned parent company of China’s second-largest oil producer, PetroChina, explores, refines and sells crude oil and natural gas, in addition to manufacturing equipment and offering oil field services. That, coupled with international diversification in recent years, has propelled the behemoth to the No. 4 rank among companies worldwide ­– a position it has held three years running. At the same time, the company is facing pressure due to stricter environmental standards in many markets, as well as tense trade relations between the U.S. and China.

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Company Information

Zhang Wei
Petroleum Refining
HQ Location
Years on Global 500 List19
Government owned 50% or more. Includes revenues from discontinued operations., Excise taxes have been deducted.

China National Petroleum Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$392,976.6020.5%
Profits ($M)$2,270.50-
Assets ($M)$601,899.90-
Total Stockholder Equity ($M)$291,198.60-

Profit Ratios

Profit as % of Revenues0.6%
Profits as % of Assets0.4%
Profits as % of Stockholder Equity0.8%