4 - China National Petroleum

Chinese workers check the pipelines to transport 22 million tonnes of oil and 12 billion cubic metres of natural gas a year from the port of Kyaukpyu in Myanmar to China in Ruili city, southwest China's Yunnan province, 19 May 2017. The first crude oil from Myanmar had reached China via the China-Myanmar crude oil pipeline, China National Petroleum Corporation (CNPC) announced on Friday (19 May 2017). The oil reached Ruili, a city of Yunnan Province bordering Myanmar, at 4 p.m., according to the CNPC. It will continue to flow through the pipe at a speed of about 50 kilometers per day for 650 km before reaching the city of Anning where the CNPC's Yunnan petrochemical branch is located. Yang linhua—Imaginechina/AP

Exploring hydrocarbon production operations onshore and offshore, this Chinese state-owned company is the largest integrated energy company in China. CNPC integrates the business portfolios of an oil company and oilfield service provider, but also continues operations in the entire oil and gas industry value chain. As renewable energy becomes cheaper and more marketable in the world, CNPC will have to keep up with rising environmental protection standards and the growing demand for energy in the country, especially as China emerges as a leader in the Paris Climate Accord.

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Key Metrics & Financials (Last Fiscal Year)

Revenues ($M)$262573
Revenue Percent Change-12.3%
Profits ($M)$1,867.5
Assets ($M)$585619
Profits Percent Change-73.7%
Previous Rank3

Company Facts

IndustryPetroleum Refining
CEOZhang Jianhua
HQ LocationBeijing, China
Years on Global 500 List17

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