PetroChina's full name is China National Petroleum Corporation
China Petroleum & Chemical Corporation (Sinopec Group) is a mega petroleum and petrochemical enterprise group restructured and established on the basis of the former China Petroleum & Chemical Corporation in July 1998, and it is a wholly owned state-owned company, a state-authorized investment institution and a state holding company. It is a wholly state-owned company, a state-authorized investment institution and a state holding company. Sinopec Group Corporation registered capital of 104.9 billion yuan, general manager of the legal representative, headquartered in Beijing.
Sinopec's full name is China Petroleum & Chemical Corporation (Sinopec)
Sinopec Group Corp. exercises the power of capital contributor over the state-owned assets of its wholly-owned enterprises, controlling enterprises and shareholding enterprises in terms of asset benefiting, major decision-making and selection of managers, and conducts the operation, management and supervision of state-owned assets in accordance with the law, and bears the responsibility of value preservation and appreciation accordingly. China Petroleum & Chemical Corporation (SINOPEC), which is controlled by Sinopec Group Corporation, issued H-shares and A-shares in October 2000 and August 2001, and was listed in Hong Kong, New York, London and Shanghai respectively. at the end of 2004, the total share capital of SINOPEC was 86.7 billion, of which SINOPEC Group Corporation held 67.92%, China Development Bank and State-owned Assets Management Corporation held 9.50%, and State-owned Assets Management Corporation held 9.50%. At the end of 2004, Sinopec Corp. had a total share capital of 86.7 billion shares, of which 67.92% were held by Sinopec Group Corporation, 9.50% by China Development Bank and State-owned Assets Management Corporation, 19.36% by foreign investors, and 3.23% by domestic public.
Expanded Information
China National Petroleum Corporation (abbreviated as "CNPC" in English and "PetroChina" in Chinese) is the world's largest oil and gas company. "China National Petroleum Corporation (CNPC) is an important state-owned backbone enterprise, a comprehensive international energy company with oil and gas business, engineering and technical services, petroleum engineering and construction, petroleum equipment manufacturing, financial services, new energy development, etc., and one of China's major oil and gas producers and suppliers. 2014, CNPC was ranked among the world's top 50 oil and gas companies in the U.S. by Petroleum Intelligence Weekly. Intelligence Weekly's comprehensive ranking of the world's 50 largest oil companies, ranked No. 3, and No. 4 in Fortune magazine's 2015 ranking of the world's top 500 companies. On July 7, 2015, PetroChina's market capitalization reached 382 billion U.S. dollars, ranking second among the world's top 500 companies, second only to Apple , which became the world's second-largest company by market capitalization. Meanwhile, CNPC is also an A-rated enterprise in the 2014 business performance assessment of the head of central enterprises. With the goal of building a world-class comprehensive international energy company, PetroChina will accelerate the transformation of its development mode through the implementation of strategic development, adherence to innovation drive, focus on quality and efficiency, and achieve the goal of reaching the world's advanced level in major indicators by 2020, comprehensively improving its competitiveness and profitability, and becoming a leading company in green and sustainable development.On July 20, 2016, Fortune released the World 500 list, and CNPC was ranked No. 3.In August 2016, PetroChina was ranked No. 2 in the 2016 Top 500 Chinese Enterprises.
On June 30, 2017, CNPC won the Trademark Innovation Award of the China Trademark Gold Award.On July 12, 2017, CNPC was awarded Grade A in the 2016 Business Performance Assessment by the State-owned Assets Supervision and Administration Commission (SASAC).2018 Fortune World 500 Ranking No. 4.
S&P Global Platts' 2018 list of the top 250 global energy companies shows PetroChina (ranked 47th).
China Petroleum & Chemical Corporation (abbreviated Sinopec Group) is a mega petroleum and petrochemical conglomerate restructured and established by the state in July 1998 on the basis of the former China Petroleum & Chemical Corporation, which is a wholly owned state-owned company, a state-authorized investment institution and a state holding company. The company's registered capital of 231.6 billion yuan, the chairman of the board of directors as the legal representative, headquartered in Beijing.
The company exercises the power of capital contributor on the relevant state-owned assets of its wholly-owned enterprises, holding enterprises and shareholding enterprises, such as asset benefit, major decision-making and selection of managers, operates, manages and supervises the state-owned assets according to the law and bears the responsibility of preserving and increasing the value of the assets accordingly. China Petroleum & Chemical Corporation, the company's holding company, issued H shares and A shares overseas and in China in October 2000 and August 2001, and listed in Hong Kong, New York, London and Shanghai respectively.
The main business scope of the company includes: industrial investment and investment management; exploration, exploitation, storage and transportation (including pipeline transportation), sale and comprehensive utilization of petroleum and natural gas; production, sale, storage and transportation of coal; petroleum refining; storage, transportation, wholesale and retail of refined oil products; production, sale, storage and transportation of petrochemical, natural gas chemical, coal chemical and other chemicals; production of new energy, geothermal and other energy products. Production, sale, storage and transportation of new energy, geothermal and other energy products; exploration, design, consulting, construction and installation of petroleum and petrochemical engineering; overhaul and maintenance of petroleum and petrochemical equipment; R&D, manufacturing and sales of electromechanical equipments; production and sales of electric power, steam, water and industrial gases; technology, e-commerce, and information, research, development, application and consulting services for alternative energy products; import and export of goods and technologies; foreign engineering contracting, and import and export of technologies; and contracting and exporting of foreign projects. technology import and export; foreign engineering contracting, bidding and purchasing, labor export; internationalized warehousing and logistics business, etc.
China Petroleum & Chemical Corporation was ranked No. 2 among the Fortune 500 companies in 2015. one of the Fortune 500 in 2016 and 2017.
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