PetroChina Company Limited (601857)

Overview

PetroChina Company Limited, a significant player in the oil and petroleum industry, operates both within Mainland China and on a global scale. Alongside its subsidiaries, it undertakes a vast array of petroleum-related activities encompassing exploration, production, refinement, and marketing of various energy resources. Established in 1999 and headquartered in Beijing, the People's Republic of China, PetroChina stands as a key subsidiary of China National Petroleum Corporation. With its extensive operations segmented into Oil, Gas and New Energy Resource; Refining, Chemicals and New Materials; Marketing; and Natural Gas Sales, the company not only focuses on traditional energy sources but also invests in new energy and materials, hallmarking its commitment to diversification and innovation.

Products and Services

PetroChina’s offerings can be categorized into several key segments, each illustrating the company's wide-ranging capabilities and its pivotal role in the energy sector:

• Oil, Gas and New Energy Resource: This segment underscores PetroChina’s involvement in the conventional energy sector, engaging in the exploration, development, transportation, production, and marketing of crude oil and natural gas. Additionally, it signifies the company’s stride towards embracing new energy resources, marking a significant pivot towards sustainable energy solutions.
• Refining, Chemicals and New Materials: Focused on refining crude oil into petroleum products, this sector produces and markets a variety of primary petrochemical products, derivative petrochemical products, and other chemical substances. The inclusion of new materials business further highlights PetroChina’s venture into novel areas, exploring advanced materials that cater to evolving industry needs.
• Marketing: This facet of PetroChina’s operations deals with the marketing of refined and non-oil products alongside a robust trading business. It illustrates the company’s expansive network and its proficiency in navigating the global market dynamics, ensuring the wide availability and accessibility of its products.
• Natural Gas Sales: Dedicated to the transportation and sale of natural gas, this segment evidences PetroChina’s pivotal role in distributing one of the cleaner fossil fuels, aligning with global energy transition trends towards less carbon-intensive energy sources.

Moreover, PetroChina’s involvement extends beyond these core activities into oil sands and coalbed methane exploration, as well as crude oil and petrochemical trading, showcasing a comprehensive spectrum of energy-related engagements. The company is equally active in investing in refinery and chemical engineering sectors, alongside owning storage, transportation, and service station facilities. Its commitment to advancing chemical technology and facilitating technology transfer and technical services represents PetroChina’s dedication to innovation and sector leadership.