China National Petroleum Corp (CNPC) is a major integrated energy company primarily engaged in the exploration, production, refining, and marketing of oil and gas. It operates in the oil, gas, and new energy sectors, focusing on stabilizing oil production, increasing gas output, and developing new energy sources. The company has achieved significant growth in oil and gas production, with a focus on technological innovation and management improvement. CNPC serves industries such as energy, petrochemicals, and new materials, with a strong presence in both domestic and international markets.

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CNPC has undertaken a series of R&D initiatives focusing on innovation-driven development. The company has targeted major technical bottlenecks in key areas, strengthened core technology research, and accelerated the transformation of new technologies into productivity. Significant progress has been made in oil and gas exploration and development, refining and chemical industry, new materials, green and low-carbon technologies, and new energy. Notable achievements include breakthroughs in deep drilling technologies, independent metallocene catalysts, the Kunlun Big Model for AI applications, and large-scale geological engineering software. The company has also developed advanced equipment for oil and gas exploration and achieved innovations in geological theory and nylon 66 technology. The R&D unit of CNPC includes the Daqing Oilfield Exploration and Development Research Institute, which conducts scientific research experiments. The unit is responsible for establishing and improving the organized scientific research model mechanism, promoting diversified scientific and technological rewards and incentives, and enhancing the three-level scientific and technological innovation management system. As of the end of FY2024, CNPC has 29 national-level scientific and technological innovation platforms of various types. the applied for over 11,381 domestic and foreign patents . It obtained 3,850 authorized patents at the end of FY2024 and holds 37,871 valid domestic and foreign patents. In FY2024, the company incurred a research and development expenditure of CNY35,450.44 million which was 1.1% of the company's total revenue and grew 4.7% YoY.