China National Petroleum Corporation (CNPC) is the largest oil and gas producer and seller in China, holding a dominant position in the industry. It is one of the companies with the highest sales revenue in China and one of the world’s largest oil companies. As of early 2013, its total assets reached US$347.8 billion.
Since its establishment, CNPC has established a sound and standardized corporate governance structure in accordance with the Company Law, the mandatory provisions of the articles of association for companies listed overseas, and other relevant laws, regulations, normative documents, and its own articles of association. The company’s shareholders’ meeting, board of directors, and board of supervisors all operate independently and effectively in accordance with the company’s articles of association.
CNPC is committed to developing into a highly competitive international energy company and becoming one of the world’s leading producers and sellers of petroleum and petrochemical products. CNPC is widely engaged in various businesses related to oil and natural gas, mainly including: exploration, development, production, and sales of crude oil and natural gas; refining, transportation, storage, and sales of crude oil and petroleum products; production and sales of basic petrochemical products, derivative chemical products, and other chemical products; and transportation and sales of natural gas, crude oil, and refined oil products.
Guided by the Scientific Outlook on Development, China National Petroleum Corporation (CNPC) will accelerate the implementation of its three major strategies: resources, markets, and internationalization. It will focus on transforming its growth model, enhancing its independent innovation capabilities, establishing a long-term mechanism for safety, environmental protection, and energy conservation, and building a harmonious enterprise, ultimately becoming a highly competitive international energy company.
CNPC is a joint-stock company established solely by China National Petroleum Corporation (CNPC) in accordance with the Company Law and the Special Provisions of the State Council on Overseas Issuance and Listing of Shares by Joint-Stock Companies. It was established on November 5, 1999.
CNPC is the largest and dominant oil and gas producer and seller in China’s oil and gas industry, widely engaged in various businesses related to oil and natural gas. Its operations cover all key aspects of the oil and petrochemical industry, from upstream crude oil and natural gas exploration and production to midstream and downstream refining, chemical processing, pipeline transportation, and sales. This has formed an optimized, efficient, and integrated business chain, greatly improving the company’s operating efficiency, reducing costs, and enhancing its core competitiveness and overall risk resistance. CNPC is one of China’s top 100 enterprises. The company’s chemical products are sold directly or indirectly through the CNPC Card network, comprised of sales personnel and agents specializing in chemical business. As of 2012, the company had established six sales and technical centers in Daqing, Lanzhou, Urumqi, and other locations, providing marketing and after-sales services for products such as plastics, fibers, rubber, fertilizers, organic chemical raw materials, catalysts, and additives.
The company owns and operates an oil and gas product pipeline network and storage system covering 26 provinces, municipalities, and autonomous regions across China, making it China’s largest oil and gas pipeline transportation and storage service provider. Its main business includes the transportation and sale of natural gas, and the transportation and storage of crude oil and refined oil products. A contract has been signed with Rongsheng Xingda to purchase 400 self-service terminals, enabling intelligent refueling, intelligent oil product marketing, fuel selection (WeChat Pay, Alipay Pay), 24-hour self-service top-up, and access to discounts and promotions. The gas station retail management system automates transaction data collection within gas stations, networks gas station retail management operations, and centralizes retail data across the entire sales company. This meets the requirements of oil product sales enterprises for integrated retail management data and centralized business control, enhancing enterprise management capabilities. The gas station operation and maintenance management system addresses the challenges of gas stations’ wide physical coverage, multiple logically involved organizations, and complex equipment types and models, ensuring reliable, efficient, and stable operation of gas station infrastructure. We seamlessly integrate software with advertising machines, offering multiple solutions to improve work efficiency for China National Petroleum Corporation (CNPC) and truly serve the people.
