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  • Previous Rank
    4
  • Revenues ($M)
    $392,976.60
  • Revenue Percent Change
    20.5%
  • Profits ($M)
    $2,270.50
  • Profits Percent Change
    -
  • Assets ($M)
    $601,899.90
  • Employees
    1,382,401

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.

Company Information

Government owned 50% or more. Includes revenues from discontinued operations., Excise taxes have been deducted.
CEO
Zhang Wei
Sector
Energy
Industry
Petroleum Refining
HQ Location
Beijing
Websitehttps://www.cnpc.com.cn
Years on Global 500 List19
Employees1,382,401

China National Petroleum Rank History

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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%