Revenue (billion RMB yuan)
Earnings before taxes (billion RMB yuan)
Net income (billion RMB yuan)
Taxes and fees paid globally (billion RMB yuan)
Focusing on market orientation and economic returns, the company continues to optimize prodution organization and resource allocation, promote integrated and coordinated operation on oil and
gas production, refining, marketing and trade activities, and improve international operation performance and market competitiveness in service business.
Exploration and Production
Natural Gas and Pipelines
Refining and Chemicals
Marketing and Sales
Overseas Oil and Gas
China's energy mix continued to improve amid a slowdown in energy consumption. The Chinese economy was under downward pressure in 2019. The total energy consumption reached 4.79 billion tons of standard coal, up 3.2% year-on-year, indicating a slight retreat. The shift to lowcarbon energy made headway, with non-fossil fuels power generation increasing by 6% year-on-year. Renewable energy power generation was refocusing on quality improvement over capacity expansion. As the government work report proposed for the first time to promote hydrogen energy, some local governments and companies has started working on
and implementing their hydrogen energy initiatives.
China National Petroleum Corporation