China National Petroleum Corporation

China National Petroleum Corporation (CNPC) is a state-owned, integrated oil and gas company headquartered in Beijing, China. As one of the country’s largest energy enterprises, CNPC operates across the full value chain, including upstream exploration and production, downstream refining, and a broad network of transmission and distribution assets. The company maintains exploration and production projects not only in China but also in more than 30 other countries, reflecting its global presence in the energy sector. CNPC also provides oilfield services in multiple markets, supporting various stages of energy development from drilling to production optimisation. Within China, the company manages an extensive refining footprint and a comprehensive oil and gas pipeline network, which includes a significant majority share of the country’s crude oil pipelines. In addition, CNPC operates a large retail footprint with a wide network of gas stations across China, contributing to domestic energy accessibility and supply security. The organization has a track record of activity such as conducting numerous exploration wells and reporting substantial proved reserves, underscoring its role as a major energy supplier and service provider in the region. CNPC’s activities span both traditional energy development and associated service operations, positioning it as a central figure in China’s oil and gas landscape and a notable participant in global energy markets.