PetroChina Co Ltd (PTR)

Overview

PetroChina Company Limited, a significant entity in the global energy landscape, operates an extensive portfolio of petroleum-related products, services, and activities both in Mainland China and on the international stage. Founded in 1999 and headquartered in Beijing, People’s Republic of China, PetroChina stands as a pivotal subsidiary of China National Petroleum Corporation. The company's operations are diversified across four main segments: Oil, Gas and New Energy Resource; Refining, Chemicals and New materials; Marketing; and Natural Gas Sales. With its wide-ranging involvement in the exploration, development, production, and marketing of crude oil and natural gas, alongside ventures into new energy resources, PetroChina is deeply embedded in the energy sector’s evolution towards sustainability and innovation. Additionally, the company's activities in the refining, production, and marketing of petrochemical and chemical products underline its integral role in the chemical industry. Through its strategic divisions and expansive network, PetroChina contributes significantly to the global energy supply chain, emphasizing its commitment to fulfilling the energy needs of its vast customer base while pursuing new avenues for growth and environmental responsibility.

Products and Services

The operational span of PetroChina Company Limited is characterized by a wide range of products and services, grouped into specific segments, each pertaining to crucial areas of the petroleum and chemical industries:

• Oil, Gas and New Energy Resource:

This segment focuses on the exploration, development, production, and marketing of crude oil and natural gas. Additionally, it explores new energy resources, aligning with global trends towards more sustainable energy solutions. PetroChina places significant emphasis on augmenting its portfolio with renewable and less carbon-intensive energy sources.

• Refining, Chemicals and New material:

In this division, PetroChina refines crude oil into petroleum products, including fuel, diesel, and aviation fuels, among others. It also manufactures and markets primary petrochemical products, derivative petrochemical products, and a variety of other chemical products. This segment underscores the company's role in transforming raw hydrocarbons into valuable commodities used in numerous industries worldwide.

• Marketing:

The marketing segment encompasses the marketing of refined petroleum products and a slew of non-oil products alongside an extensive trading operation. This sector ensures the distribution and sale of PetroChina’s vast array of products, leveraging a global marketing network to cater to the energy needs of diverse markets.

• Natural Gas Sales:

Specializing in the transportation and sale of natural gas, this segment caters to the growing global demand for cleaner fossil fuels. PetroChina’s commitment to expanding its natural gas operations is a testament to the company’s strategic pivot towards more environmentally friendly energy sources.

Furthermore, PetroChina engages in other vital activities, including the exploration, development, and production of unconventional resources like oil sands and coalbed methane. The company also deals in trading crude oil and petrochemical products, evidencing its versatile engagement in the energy sector. Additionally, it is involved in chemical engineering, storage and transportation facilities, service stations, and the production and sales of basic and derivative chemical products. These ancillary activities further cement PetroChina’s stature as a comprehensive purveyor of energy and chemical solutions, aimed at enhancing efficiency, sustainability, and innovation across its operations.