KEYFACT Energy
Contacts
PetroChina Company Limited
9 Dongzhimen North Street
Dongcheng District
Beijing
P.R.China
Tel: +86-10-59986223
PetroChina
Description
PetroChina was established as a joint stock company with limited liability under the Company Law of the People’s Republic of China (“PRC”) on November 5, 1999 as part of the restructuring of China National Petroleum Corporation (“CNPC”).
The Group holds a leading position in the oil and gas industry in the PRC and is one of the largest companies in the PRC in terms of revenue. PetroChina principally engages in the exploration, development, production and sales of crude oil and natural gas; the refining of crude oil and petroleum products; the production and sales of basic and derivative chemical products and other chemical products; the marketing and trading of refined products; and the transmission of natural gas, crude oil and refined products, and the sales of natural gas.
The American Depositary Shares (the “ADSs”), H shares and A shares of the Company were listed on the New York Stock Exchange, the Stock Exchange of Hong Kong limited (“HKSE” or “Hong Kong Stock Exchange”) and Shanghai Stock Exchange on April 6, 2000, April 7, 2000 and November 5, 2007, respectively.
Production
In 2020, the Company’s oil and natural gas equivalent output was 1,409.7 million barrels, representing an increase of 4.8% year-on-year; marketable natural gas output was 3,993.8 billion cubic feet, representing an increase of 9.9% year-on-year. The proportion of natural gas output continued to increase, further optimizing the oil and gas output mix, leading to major progress in green and low-carbon transformation.