PetroChina Co. Ltd. is engaged in the 1) exploration,2) development,3) production and 4) sale of crude oil and natural gas.
Image: company website
It was founded on November 1988 and has its headquarters at Beijing (China). The company is currently headed by Wang Dongjin and has 534,652 employees.
It operates its business through five segments:
The Exploration & Production segment: It is engaged in the exploration, production and marketing of natural gas and crude oil.
The Refining & Chemicals segment: It is engaged in the refining of crude oil and petroleum products, production and marketing of petrochemical products (both primary and derivative), and other chemical products.
The Marketing segment: It is engaged in the marketing and trading of refined products, crude oil and petrochemical products.
The Natural Gas & Pipeline segment: It is engaged in the transmission of crude oil, natural gas and other refined products and their sale.
The Other segment: It is related to cash management and financing activities, research and development, and other business services supporting the other business segments of the company.