What are the four major state-owned oil companies in China?

1, PetroChina: China Petroleum and Natural Gas Corporation (abbreviated as "CNPC" in English and "China Petroleum" in Chinese) is an important state-owned backbone enterprise, a comprehensive international energy company with oil and gas business, engineering and technical services, petroleum engineering construction, petroleum equipment manufacturing, financial services and new energy development as its main businesses, and one of the major oil and gas producers and suppliers in China.

2. China Petrochemical: China Petrochemical Corporation (Sinopec) is a super-large petrochemical enterprise group reorganized by the state on the basis of the former sinopec group in July 1998. It is a state-owned company wholly owned by the state, an institution authorized by the state and a state holding company. The registered capital of the company is 23 16 billion yuan, the chairman of the board is the legal representative, and the headquarters is located in Beijing.

3. CNOOC: China Offshore Oil Corporation (hereinafter referred to as "China Offshore Oil") is a super-large state-owned enterprise (central enterprise) directly under the State-owned Assets Supervision and Administration Commission of the State Council, China, with its headquarters in Beijing.

4. Sinochem Group: China Sinochem Group Co., Ltd. As a large state-owned backbone central enterprise, it has been shortlisted in the Fortune Global 500 for 28 times. On July 20th, 20 18, Fortune released the latest Fortune Global 500 list, and China Sinochem Corporation ranked 98th.

Extended data:

The oil and gas system reform in China has gone through three stages: transforming government functions and separating government from enterprise (1978-1988); Adjust the relationship between enterprises and the market and change the operating mechanism of enterprises (1988-1998); Revolutionary reconstruction of management system and market system of petroleum industry marked by government institutional reform and reorganization of two major oil groups (since 1998).

After more than 30 years of reform and development, the government's management of China's oil industry has changed from planned distribution to market orientation, and the separation of government and enterprise has taken substantial steps. Investors are clearly defined at the legal level, and oil companies have generally become market subjects integrated with the market economy.

Market access is gradually relaxed, fair competition and multi-subject participation are encouraged, and the market mechanism of allocating resources and determining product prices by the market has achieved remarkable results. China has become the fourth largest oil producer and the sixth largest natural gas producer in the world.

References:

Baidu Encyclopedia-China Petrochemical Company Limited;

Baidu Encyclopedia-China Sinochem Group Co., Ltd.;

Baidu Encyclopedia-China Oil and Gas Group Corporation;

Baidu encyclopedia-China Offshore Oil Group Co., Ltd.