Overview
PetroChina is an integrated energy company whose businesses span oil and natural gas exploration and production, refining, chemicals and new materials, refined-product marketing, and natural-gas sales and transportation. Its products include crude oil, natural gas, gasoline, aviation kerosene, lubricants and petrochemicals.[1][2][3][4]
China is its principal operating base, with exploration, production and other operations in overseas markets.[1][5] PetroChina describes its aspiration as becoming a “top-class international energy company.” [6] It was established as a joint-stock company on November 5, 1999.[7]
For FY2025, PetroChina reported revenue of RMB 2.864 trillion and 367,173 employees at year-end.[8][9] [1][2][3][4][5][6][7][8][9][6][7]
Products & services
PetroChina’s product range includes crude oil and marketable natural gas, as well as wind and photovoltaic power. In Q1 2026, oil and gas output was 470.2 million barrels of oil equivalent, and wind and solar generation totaled 2,330 million kWh.[10] The company also sells natural gas to domestic and overseas customers; Q1 sales were 93.891 billion cubic metres, including 73.812 billion cubic metres in China.[11]
Refining products include gasoline, kerosene, diesel, lubricants, paraffin, asphalt, low-sulfur marine fuel, petroleum coke and liquefied petroleum gas. Q1 2026 gasoline, kerosene and diesel sales were 15.850 million, 6.224 million and 16.459 million tonnes, respectively.[12] The chemicals portfolio includes synthetic resins, synthetic-fibre raw materials, synthetic rubber, urea, and organic and inorganic compounds. Resin varieties include low-, high- and linear low-density polyethylene; polypropylene homopolymers and copolymers; ABS, polystyrene and SAN.[13][14][15]
Q1 2026 chemical commodity output was 10.779 million tonnes, including 2.755 million tonnes of ethylene and 1.228 million tonnes of new materials.[16] PetroChina’s customer-facing offerings include refined-product marketing, natural-gas sales, LNG vehicle refuelling, charging and battery swapping, and non-fuel retail services through convenience stores.[17][18][19] [10][11][12][16][17][18][13][14][15][19]
Geographic presence
PetroChina’s geographic footprint is centered in mainland China, with overseas oil-and-gas operations across the Middle East, Central Asia, the Americas and Asia-Pacific. Its major domestic exploration and development areas include the Sichuan, Junggar, Qaidam, Ordos and Songliao basins, as well as projects in the Tarim, Jimsar and Daqing areas. Overseas developments cited for 2025 include Chad, Oman and Suriname.[20][21][22]
In 2025, revenue by customer location was RMB 1,892,744 million from mainland China, approximately 66.1% of total revenue, and RMB 970,233 million from “Others,” approximately 33.9%; the latter category is not broken down further by country.[23] Production was predominantly domestic: 1,647.2 million barrels of oil equivalent in China (about 89.4% of total output) versus 194.7 million barrels of oil equivalent overseas (about 10.6%).[24]
PetroChina’s registered and legal address is 16 Andelu, Dongcheng District, Beijing, and its principal place of business is No. 9 Dongzhimen North Street, Dongcheng District, Beijing. It also lists a Hong Kong representative office at Suite 3705, Tower 2, Lippo Center, 89 Queensway.[25][26] [20][21][22][23][23][23][23][24][25][26][22]
Business segments
PetroChina reports five operating segments. Based on 2025 external-customer revenue of RMB 2,864,469 million, Oil, Gas and New Energy—oil and gas exploration and development, including conventional and unconventional resources, and new-energy projects—contributed RMB 135,029 million (about 4.7%). Refining, Chemicals and New Materials—crude-oil refining and the production of refined products, chemicals and new materials—contributed RMB 326,429 million (about 11.4%). [10][27]
Company history
PetroChina was established on 5 November 1999 as a joint-stock company, with its parent, China National Petroleum Corporation (CNPC), contributing core businesses and related assets and liabilities. In April 2000, PetroChina’s ADSs began trading in New York and its H shares began trading in Hong Kong.[28][29][30]
In December 2004, the West–East Gas Pipeline entered commercial operation, connecting gas resources in Xinjiang with Shanghai. PetroChina completed its acquisition of a 67% interest in PetroKazakhstan in January 2007, and listed A shares on the Shanghai Stock Exchange in November that year. In August 2010, PetroChina and Shell completed their joint acquisition of Arrow Energy. In September 2020, pipeline assets covered by a restructuring transaction were transferred to PipeChina.[31][32][30][33][34] [28][29][30][31][32][33][34]
Sources
- PETROCHINA CO LTD-A — Full financial report (2025 Y)
- www.petrochina.com.cn[6]
- www.petrochina.com.cn[7]
- PETROCHINA CO LTD-A — Full financial report (2026 Q 1)
- www.petrochina.com.cn[13]
- www.petrochina.com.cn[14]
- www.petrochina.com.cn[15]
- www.petrochina.com.cn[19]
- www.petrochina.com.cn[22]
- PETROCHINA CO LTD-A — Presentation (2025 Y)[24]
- www.petrochina.com.cn[31]
- www.petrochina.com.cn[32]
- www.petrochina.com.cn[33]
- www.petrochina.com.cn[34]
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