PetroChina remains the second place of Brand Finance Oil & Gas 50 rankings

On April 1, 2019, Brand Finance, an Independent Brand Valuation and Strategy Consultancy, revealed the list of the World's 50 Most Valuable Oil and Gas Brands 2019. PetroChina Company Limited (PetroChina) held firm in second place with a brand value of US$36.8 billion, a year-on-year increase of 18% and a rating up from AA+ to AAA-.

PetroChina Company Limited was established as a joint stock company with limited liability under the Company Law of the People's Republic of China (the "PRC" or "China") (the "Company Law") on November 5, 1999 as part of the restructuring of China National Petroleum Corporation ("CNPC").