PetroChina Logo

PetroChina emerged from the restructuring of China National Petroleum Corporation (CNPC) in 1999. By transferring its exploration, production, refining, marketing, chemicals, and natural gas businesses to CNPC, PetroChina became a leading company in the oil and gas industry, providing energy to millions of people across China.

As one of the largest oil and gas companies in the world, PetroChina operates in more than 80 countries and employs up to 700,000 people. It is the largest producer of natural gas and is among the world’s largest oil refining companies. The company’s broad influence and large-scale operations make it a leader in the energy sector.

The establishment of PetroChina in 1999 marked the beginning of a new era in energy production and exploration.

In 2000, PetroChina made a historic entry into the international financial market by becoming the first Chinese company to be listed on the Hong Kong and New York Stock Exchanges.

In 2002, PetroChina strengthened its position in the oil industry by acquiring a controlling stake in Sinopec’s refining and marketing division.

In 2006, PetroChina’s refinery in the Dushanzi area was commissioned, ready to produce the country’s most important resources.

In 2011, a landmark event occurred when PetroChina agreed to invest $5.4 billion in a 49% stake in Encana’s Duvernay shale assets in Canada.

By 2013, PetroChina had become the world’s largest oil and gas producer, cementing its status as a global energy powerhouse.

The sharp drop in oil prices in 2015 had a significant impact on PetroChina’s profits, resulting in a significant decline.

In 2016, PetroChina made a principled decision to invest in renewable energy, an important step in reshaping the company’s energy strategy and reaffirming its commitment to a sustainable future.