Overview
China National Petroleum Corporation is the largest oil and gas group in China by revenue and is classified by Fortune under petroleum refining. Fortune records 2025 revenue of US$401.9bn, down 2.6% on 2024, and profit of US$21,159m.[1] Its workforce of 948,579 is the largest in the oil and gas industry.[1] The Forbes Global 2000, which covers listed companies only, includes PetroChina, with sales of US$392.6bn, rather than the parent group.[2]
China National Petroleum strengths and limitations
Strengths
- Largest workforce in the industry
- Second only to Aramco on revenue
Limitations
- Profit is low relative to revenue and workforce
- Revenue fell 2.6% in 2025
Appears in
- Largest Companies in China (2026) #2
- Largest Companies in the World by Revenue (2026) #10
- Largest Oil and Gas Companies (2026) #2
China National Petroleum peers and competitors
Companies ranked in the same lists as China National Petroleum.
- Sinopec Group
- ExxonMobil
Saudi Aramco
Shell plc- China National Offshore Oil
- State Grid
- China State Construction Engineering
Energy Transfer
Chevron
Cencora
Microsoft Power BI
JPMorgan Chase
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