Company Report
CNPC corporate profile
This report is currently unavailable
Report summary
CNPC is one of the largest integrated oil and gas companies globally, with upstream production hitting a record high in 2023 at 5.6 mmboe/d. As a state-owned energy champion, CNPC has been investing heavily to address concerns about energy security and rising import dependency. 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. In our latest corporate report, we address:
Table of contents
- CNPC Corporate Structure
-
Upstream dominates
- Recent market performance
- Focusing on core oil and gas while developing emerging energies
-
Low breakeven, more sustainable cash generation
- Currentfinancial position
- Financial outlook
-
Mature domestic upstream oil; Eye on shale gas potential
- Current portfolio
- Future portfolio evolution
- Focusing on onshore oil and unconventional gas
- Medium to long-term growth underpinned by deep shale gas potential
- China and conventional onshore dominate
-
Above-average refining net cash margins
- Overview
- Refining and Chemicals
- Marketing
- CCUS underpins emissions reduction strategy
Tables and charts
This report includes 32 images and tables including:
- CNPC: corporate structure
- Resilience
- Sustainability
- Benchmark: NPV10 by segment*
- CNPC: Development capex by resource theme
- CNPC: Development capex by country
- Benchmark: capex/boe outlook
- CNPC: production by country
- CNPC: production of liquids vs. gas
- Benchmark: indexed production
- Benchmark: production CAGR
- Benchmark: commercial and technical reserves
- Benchmark: reserves by resource theme
- Contracts by supply region vs. uncontracted demand
- Indexation weighting
- Benchmark: upstream and downstream Scope 1 and 2 emissions (2023-2030)
- PetroChina: low-carbon transition plan 3.0
- CNPC: net nominal CCUS capacity
- CNPC: hydrogen production capacity
- Base price assumptions (nominal)
- Base, high and low Brent (nominal)
- PetroChina: share price performance
- PetroChina: WM market premium/discount
- PetroChina: dividend and payout ratio*
- CNPC: EBIT
- CNPC and PetroChina: Gearing ratio
- Benchmark: 2024 corporate cashflow breakeven
- PetroChina: corporate cashflow outlook
- CNPC: strategic fit of upstream regions
- CNPC: major upstream exploration and development activities since 2015
- Benchmark: downstream capex
- Benchmark: 2022 refining capacity vs NCM
What's included
This report contains:
Other reports you may be interested in
Insight
Corporate CCUS benchmarking 2024
Which oil and gas companies are embracing CCUS as part of their energy transition strategy?
$1,350
Insight
Corporate week in brief
Rolling coverage of the most important events affecting the corporate energy sector.
$700
Asset Report
JKX Oil & Gas assets
London-listed JKX Oil & Gas is the second-largest international player in Ukraine. It operates five legacy assets, commonly ...
$3,100
