Company Report

CNPC corporate profile

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CNPC is one of the largest integrated oil and gas companies globally, with upstream production hitting a record high of 6.47 mmboe/d in 2024. As a state-owned energy champion, CNPC has invested heavily in domestic unconventional gas to grow production and address concerns about energy security. CNPC paused major international M&A in 2013 and has since focused on domestic unconventional gas. As gas exploration has become more challenging and costly, the company needs to re-energise its portfolio.

Table of contents

Tables and charts

This report includes the following images and tables:

  • CNPC: corporate structure
  • PetroChina Resilience: 1) benchmarking; 2) ratings weighted by Dimension
  • PetroChina Sustainability: 1) benchmarking; 2) ratings weighted by Dimension
  • Benchmark: NPV10 by segment*
  • CNPC: upstream NPV10 > US$1 billion
  • CNPC: dividend and payout ratio
  • 2024 Gearing ratio vs 2025-2027 breakeven
  • CNPC: WI production by country
  • CNPC: WI production by resource theme
  • CNPC: remaining resources by commerciality
  • CNPC: remaining resources by access type
  • Contracts by supply region vs. uncontracted demand
  • 19 more item(s)...

What's included

This report contains:

  • Document

    CNPC corporate profile

    PDF 4.89 MB