China National Petroleum Corporation, CNPC China National Oil and Gas Corporation, CNNC
Since 1988
China
Asia
Beijing
9 Dongzhimen North Street, Dongcheng District, Beijing, P.R. China, 100007
Content |
Assets
China National Petroleum Corporation (CNPC, "China National Oil and Gas Corporation") is the largest the Chinese oilgas company. The headquarters are located in. Beijing
Performance indicators
2022: 10.8% oil production in Kazakhstan
2021: Ninth in the world in terms of net revenue - $266 billion
"'Net revenue"' (net revenue) - revenue for added value.
This revenue includes revenue costs such as discounts, returns, etc.
Net Revenue Formula=Gross Revenue - Directly Related Selling Expenses.
2020: Revenue - ¥2,087 trillion
At the end of 2020, China National Petroleum Corporation's revenue amounted to ¥2,087 trillion, operating profit - 87.52 billion, net profit - ¥ 50.27 billion.[1]
History
2025: Ex-chief Van Ilin sentenced to 13 years in prison for bribes
Former chairman state oil company CNPC Wang Ilin was sentenced to 13 years in prison and fined 3 million yuan ($416 thousand) for corruption and abuse of office. This was announced in May 2025 by the Chinese state television channel CCTV. Wang stepped down from his post at the company in 2020. In July 2024, he was expelled from the Communist Party " China for disciplinary violations," suspected of large bribes in exchange for promoting interested parties when receiving contracts. More here
Notes
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