China National Petroleum Corp - Company Profile
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Business Description
China National Petroleum Corp (CNPC) is a producer and supplier of oil and gas and an oilfield service provider. The company has assets and interests in 35 countries in Africa, Central Asia-Russia, Americas, the Middle East, Asia-Pacific, and other regions. It also has presence in new energy development.
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R&D Overview
The company's R&D efforts are focused on developing new technologies for exploration and production of oil, natural gas and other conventional and non-conventional energy sources. The company has 93 research institutes, 55 key laboratories and testing centers, and 21 R&D national platforms. In FY2022, the company's total R&D expenditure stood at CNY25,291.7 million, which grew 11.1% YoY. The company submitted 5,016 patent applications in China, including 4,779 for invention, and was granted 4,227 patents, including 1,728 invention patents.
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