China National Petroleum Corporation ranks second in the 2026 Fortune China 500 with revenue of $401.9 billion
2026-07-22 14:31
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en.Wedoany.com Reported - Fortune China Network released the 2026 Fortune China 500 list on July 21. China National Petroleum Corporation ranked second with operating revenue of $401.927 billion.

In 2025, China National Petroleum Corporation continued to intensify exploration and development efforts, advancing the green and low-carbon transition. Crude oil production saw steady growth, while natural gas output increased rapidly. The development of new energy achieved the phased strategic goal of "clean substitution." Progress was made in the transformation and upgrading of refining and chemical sectors, with the new materials industry performing prominently. Ethylene production capacity exceeded 10 million tons per year for the first time, with notable results in reducing oil output while increasing chemical and specialty products. Marketing quality improved, enhancing the profitability of the entire industrial chain. In terms of technological innovation, the Shendi Take 1 well was successfully completed, the 100,000-ton gas-phase POE complete technology was implemented, and the "Digital China National Petroleum Corporation" was initially established.

This year, the total operating revenue of the 500 listed Chinese companies in 2025 reached $14.26 trillion, an increase of approximately 0.3% year-on-year; net profit reached $794.9 billion, up about 5% year-on-year. The annual revenue threshold for listed companies was approximately $3.54 billion. China's total GDP in 2025 reached $19.63 trillion, with the total revenue of listed companies accounting for nearly three-quarters of China's GDP for that year.

List information shows that the new energy vehicle industry and related supply chains continue to grow; the revenue scale of representative internet companies continues to expand; the AI hardware industry chain has collectively risen; and the metal products industry has the highest number of listed companies, with 57.

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