PetroChina

The listed subsidiary of the state-owned China National Petroleum Corporation (CNPC), with its headquarters in Beijing's Dongcheng District, PetroChina Corporation Limited is a Chinese oil and gas corporation. The business now produces the most oil and gas in Asia, and in 2006, it ranked second in China in terms of oil production.

The mainland company, which is traded in Hong Kong and New York, declared its intentions to issue stock in Shanghai in November 2007 and later became a component of the SSE 50 Index. PetroChina was listed as the 32nd largest public corporation in the world in the 2020 Forbes Global 2000.

On November 5, 1999, as part of the restructuring of CNPC, PetroChina was founded as a joint stock company with restricted liabilities under the Company Law of the People's Republic of China (the PRC). The majority of CNPC's assets and liabilities related to its businesses in exploration and production, refining and marketing, chemicals, and natural gas were injected into PetroChina as part of the restructuring.

In 2005, a number of institutional investors, including Harvard and Yale, made the decision to sell their Sinopec holdings due to the business's connection to Sudan through its parent company, China Petrochemical Corporation. Since then, Sudan's divestment attempts have continued to be focused on PetroChina. Following criticism from activist organizations, Fidelity Investments also declared in a US filing that it had sold 91% of its American depositary receipts in PetroChina during the first quarter of 2007.

Founded: 5 November 1999
Headquarters: Dongcheng District, Beijing, China
Website: http://www.petrochina.com.cn/ptr/