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Last $56.45 USD
Change Today -0.75 / -1.31%
Volume 206.9K
PTR On Other Exchanges
As of 8:04 PM 02/9/16 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

No. 9 Dongzhimen North Street

Dongcheng District

Beijing, 100007


Phone: 86 10 5998 6270

Fax: 86 10 6209 9557

PetroChina Company Limited, together with its subsidiaries, produces and sells oil and gas in the People’s Republic of China. Segment The company operates through Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline segments. Exploration and Production segment The company engages in crude oil and natural gas exploration, development and production. Its crude oil and natural gas reserves are located in China, principally in northeastern, northern, southwestern and northwestern China. The company holds exploration and exploitation licenses for oil and gas (including coal seam gas) covering a total area of approximately 380.4 million acres, including the exploration licenses covering a total area of approximately 353.2 million acres and the exploitation licenses covering a total area of approximately 27.2 million acres. Reserves: The company’s estimated proved reserves, as of December 31, 2014, totaled approximately 10,593.4 million barrels of crude oil and approximately 71,097.5 Bcf of natural gas. Exploration and Development The company conducts exploration and development activities in 12 provinces, 2 municipalities under the direct administration of the central government and 3 autonomous regions in China, as well as in certain regions in other countries. Refining and Chemicals segment The company operates 28 enterprises located in 8 provinces, 4 autonomous regions and 3 municipalities to engage in refining of crude oil and petroleum products, as well as the production and marketing of basic petrochemical products, derivative chemical products and other chemical products. Refined Products: The company produces a range of refined products at its refineries. Some of the refined products are for its internal consumption and used as raw materials in its petrochemical operation. Refineries: Most of the company’s refineries are strategically located close to its crude oil production and storage bases along its crude oil and refined product transmission pipelines and railways, which provide its refineries with secure supplies crude oil and facilitate its distribution of refined products to the domestic markets. Chemicals: The company’s chemical plants are close to its refineries and are connected to the refineries by pipelines, providing additional production flexibility and opportunities. The company is a major producer of ethylene in China and uses the bulk of the ethylene as a principal feedstock for the production of chemical products, such as polyethylene. As of December 31, 2014, its annual ethylene production capacity was 5,910 thousand tons. The company produces synthetic resin products, including polyethylene, polypropylene and ABS. As of December 31, 2014, its production capacities for polyethylene, polypropylene and ABS were 5,062 thousand tons, 4,140 thousand tons and 705 thousand tons, respectively. The company’s chemical products are distributed to industries, including the automotive, construction, electronics, medical manufacturing, printing, electrical appliances, household products, insulation, packaging, paper, textile, paint, footwear, agriculture and furniture industries. Marketing segment The company engages in the marketing of refined products through 37 regional sales companies including 3 distribution branch companies, 1 lubricants branch company and 1 fuel oil company. These operations include the transportation and storage of the refined products, and the wholesale, retail and export of gasoline, diesel, kerosene, lubricant, asphalt and other refined products. In addition, the company has been developing international trade and has made some new achievements in Asia, Europe and America. The company markets a range of refined products, including gasoline, diesel, kerosene and lubricants, through a network of sales personnel and independent distributors and a wholesale and retail distribution system across China. As of December 31, 2014, its marketing network consisted of the following: Nationwide wholesale distribution outlets: All of these outlets are located in high demand areas across China, particularly in t

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