PetroChina
| PetroChina Company Limited
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | CN0009365379 |
| founding | 1999 |
| Seat |
Beijing , People's Republic of China
|
| management | Wang Yilin ( Chairman ) |
| Number of employees | 494.297. |
| sales | 220.2 billion US dollars . |
| Branch | Mineral oil company |
| Website | www.petrochina.com.cn |
| As of December 31, 2017 | |
The PetroChina Company Limited ( Chinese 中国 石油 天然气 股份有限公司 ) is the largest Chinese oil company with a network of over 18,000 filling stations, making it one of the largest listed companies in the world .
With a turnover of 282.4 billion US dollars and a profit of 4.1 billion US dollars, PetroChina ranks 30th among the world's largest companies according to Forbes Global 2000 (as of FY 2017). According to the Fortune Global 500 , it is one of the 10 companies with the highest turnover worldwide (as of: FY 2016).
overview
The oil multinational is a subsidiary of the state-owned China National Petroleum Corp. (CNPC). Shareholders on December 31, 2011 were CNPC 86.35%, HKSCC Nominees Limited 11.37%, National Council of Social Security Fund (NSSF) 0.22%, other 2.06%. The proportion of shares in the free float was 13.65%.
The company had invested US $ 5 billion abroad by 2007, half of it in Sudan . A 1,600-kilometer pipeline to the Red Sea and a refinery with a capacity of 2.5 million tons were built near the Sudanese capital, Khartoum . Beijing is the main foreign investor in Sudan. The African country supplied an estimated eight percent of China's oil imports.
For this reason, PetroChina is the target of numerous influential human rights groups in the USA, which - against the background of the Darfur conflict - are using investment campaigns to push for the withdrawal of American capital. However, the independence of South Sudan has fundamentally changed the situation. Around two thirds of the oil reserves are in South Sudan. Due to disputes about excessive transit fees, the boycott of South Sudan stopped exporting for months. The situation is tense and it will be difficult for PetroChina to do business in both Sudan and South Sudan at the same time.
history
On November 13, 2005, chemical plant No. 110 of the PetroChina subsidiary Jilin Petroleum and Chemical Company on a chemical accident in which the factory exploded and the Songhua Jiang was contaminated. Since the river serves as the basis for the drinking water supply in the region, the drinking water supply had to be partially interrupted. The metropolis of Harbin was also affected.
With the IPO in Shanghai on November 5, 2007, PetroChina achieved a market capitalization of one trillion US dollars and became the largest company in the world in terms of market value . In April 2008, however, the share price had fallen below the issue price of 16.70 yuan and the market value of PetroChina was only $ 397.4 billion, bringing the US company Exxon Mobil back to its position as the world's largest company. PetroChina has been generating high profits for several years and is therefore regularly one of the most expensive companies in the world according to market capitalization according to the Financial Times Global 500 list .
Expansion plans
In late May 2009, the company announced that it would acquire 45.51 percent of all Singapore Petroleum (SPC) shares from Keppel Corporation at a price of SGD 6.25 per share. The price was 1.47 billion SGD. Since September 2009 PetroChina has held over 50 percent of all rights to SPC.
In August 2010 , the group's president Zhou Jiping announced that the foreign business would be greatly expanded. There are also partnerships with BP and Conoco Phillips in negotiation.
As a result of state control, the margins for gasoline products in China are weak in an international comparison, and demand could also fall through measures to prevent the economy from overheating . But PetroChina benefited from the higher oil price in the second quarter of 2010 , so that profits rose to € 3.8 billion.
Competitors
Web links
Individual evidence
- ↑ Wang Yilin: Chairman of CNPC, Chairman of PetroChina ( Memento of the original from June 27, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ^ PetroChina on the Forbes Global 2000 List . In: Forbes . ( forbes.com [accessed July 18, 2018]).
- ^ PetroChina on the Forbes Global 2000 List . In: Forbes . ( forbes.com [accessed July 18, 2018]).
- ↑ a b Petrochina: Annual Report 2011
- ↑ Kleine Zeitung : After its stock market debut: PetroChina is the most valuable company in the world ( Memento from September 28, 2014 in the Internet Archive ), November 5, 2007
- ↑ Tages-Anzeiger : The largest company now comes from China. ( Memento from December 28, 2007 in the Internet Archive )
- ↑ Die Presse : "Stock Exchange: China Shares Going Downhill"
- ↑ Die Welt : "Exxon Mobil is again the world's largest company"
- ↑ www.petrochina.com.cn: PetroChina Acquires Keppel's Entire Stake in Singapore Petroleum Company May 24, 2009
- ↑ www.bloomberg.com : PetroChina to Pay $ 2.2 Billion for Singapore Refining (Update1) May 25, 2009
- ↑ Salzburger Nachrichten August 27, 2010, China's energy giant is pushing abroad
