China National Petroleum

NANTONG, CHINA - JUNE 26: Workers load a tanker with liquefied natural gas (LNG) at the Rudong LNG terminal of China National Petroleum Corporation (CNPC) on June 26, 2019 in Nantong, Jiangsu Province of China. CNPC's Rudong LNG terminal has received 26.3 million tons of LNG from 25 countries since its opening in 2011, 70 percent of which are from countries involved in China's Belt and Road Initiative. (Photo by Xu Congjun/VCG via Getty Images)Xu Congjun—VCG via Getty Images
  • Previous Rank
  • Revenues ($M)
  • Revenue Percent Change
  • Profits ($M)
  • Profits Percent Change
  • Assets ($M)
  • Employees

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

CEOZhang Wei
IndustryPetroleum Refining
HQ LocationBeijing
Years on Global 500 List19

Key Financials (Last Fiscal Year)

Revenues ($M)$392,976.6
Profits ($M)$2,270.5
Assets ($M)$601,899.9
Total Stockholder Equity ($M)$291,198.6

Profit Ratios

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