China National Petroleum Corporation
Chinese state-owned oil and gas corporation
The China National Petroleum Corporation (CNPC; Chinese: 中国石油天然气集团公司; pinyin: Zhōngguó Shíyóu Tiānránqì Jítuán Gōngsī) is a major national oil and gas corporation of China and one of the largest integrated energy groups in the world. Its headquarters are in Dongcheng District, Beijing. CNPC was ranked fourth in 2022 Fortune Global 500, a global ranking of the largest corporations by revenue.
In 2024, CNPC was responsible for 655 Mt of CO2 emissions, which was 1.7% of global CO2 emissions.
Corporate structure
CNPC is the government-owned parent company of publicly listed PetroChina, which was created on November 5, 1999, as part of the restructuring of CNPC. In the restructuring, CNPC injected into PetroChina most of the assets and liabilities of CNPC relating to its hydrocarbon exploration and production, refining and marketing, chemicals and natural gas businesses. CNPC and PetroChina develop overseas assets through a joint venture, the CNPC Exploration & Development Company (CNODC), which is 50% owned by PetroChina.
In March 2014, CNPC Chairman Zhou Jiping announced that CNPC would be opening six business units to private investors.
CNPC also has a memorandum of understanding with UOP Llc, under which the two companies will collaborate on a range of biofuels technologies and projects in China.
History
Unlike the Chinese Petroleum Corporation (CPC Corporation), which was relocated to Taiwan with the retreat of the Republic of China following the communist revolution in 1949, CNPC originated as a governmental department under the Government of the People's Republic of China. In 1949, the Chinese government formed a 'Fuel Industry Ministry' dedicated to the management of fuel.
“China National Petroleum Corporation” enters the record as chinese state-owned oil and gas corporation. Crown Archives preserves that source wording while asking what China, National and Petroleum can confirm, complicate or overturn.
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Named sources, stable identifiers and responsible institutions provide the strongest route from overview to verifiable evidence. The source revision retrieved here is dated Aug 21, 2026. The linked authority identifier is Q588786. VIAF identifies the subject as 125937517. The Library of Congress control number is nr91033781. 2 of 8 selected statements include explicit references; 5 carry qualifiers and 0 use preferred rank. The first chronological checks are 2022, 2024, 1999 and 2014.
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This entry incorporates text from “China National Petroleum Corporation” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.