Aug 27 2025, 07:35 PM, updated 2d ago
| No. | Company (Short Name) | Year Founded / Established | HKEX Code | Recent Net Profit (2024 / H1 2025) | Highlights |
| 1 | Sinopec (China Petroleum & Chemical Corp ) | February 2000 (reorganized into joint-stock company) | 0386.HK | ~48.9 billion RMB (USD ~6.74 bn) for full year 2024 0 | World's largest oil refiner. Processed 252 Mt crude; record ethylene output; high dividend payout (~75% total) 1 |
| 2 | 中國海洋石油有限公司CNOOC Limited (China National Offshore Oil Co.) | Founded August 1999 | 0883.HK | 137.9 billion RMB (+11.4% YoY, full year 2024) 2; H1 2025: 69.5 billion RMB (–13% YoY) 3 | Leading offshore oil & gas producer; record production; expanding overseas exploration (Guyana, Brazil, etc.) 4 |
| 3 | PetroChina (PetroChina Company Ltd.) | Founded 1999 (as part of CNPC spin-off) | 0857.HK | Record net profit: 164.7 billion RMB (+2% YoY, full year 2024) 5 | Asia’s largest oil & gas producer. Strong upstream & gas sales. Diversifying into new energy, green transformation. Record high dividends, gas volume, chemical output. 6 |
| 4 | Sinochem (Sinochem International Corp) | Parent founded earlier; Sinochem Holdings public company 600500. no separate HKEX code | — | **Not a standalone listed entity**, so no direct profit figure available. | Diversified business: energy, chemicals, agriculture, finance. Included as “Fourth Oil” though often not a listed oil producer. |
PetroChina Jabung confident the best is yet to come as development programs go on Inforial (The Jakarta Post) Jakarta
The aerial view of Jabung's Panen-D12 development well. This year, PetroChina proposed the drilling programs in a total of 14 development well
T he Jabung Block operator closed 2022 with satisfactory results from the drilling programs and execution of new technology and moves forward with confidence for the next year. The Jabung Block contract extension confirmation from the Indonesian government, which allows PetroChina International Jabung Ltd. to lead the operation from 2023-2043, is the major fuel needed to start the aggressive development in Jabung.
Following the contract extension signing in late 2021, PetroChina moved fast with 11 development drilling programs with additional 3 development drilling programs to become 14 development drilling program this year, the field trial for CO2 Injection Huff & Puff technology and other efforts to maximize Jabung Block’s oil-and-gas production. Currently one of the best-performing blocks in Indonesia, Jabung’s Production Sharing Contract (PSC) was signed in 1993 for the period of 30 years.
This block, located in Jambi Province, recorded its first oil discovery at the North Geragai Field in 1995 (2 years after the PSC signing), and its first production in 1997 (2 years after the hydrocarbon discovery).
PetroChina took over the Jabung Block operation in 2002 as operator and has successfully recorded stable average daily production above 50,000 barrels of oil equivalent per day (BOEPD) since 2006 up to now. As of September, Jabung Block booked a total production of 399.01 million barrels of oil equivalent (Mmboe) of oil, condensate, LPG
https://china.aramco.com/en/news-media/chin...hemical-complex
FPCL, a 50:50 partnership between Sinopec and Fujian Petrochemical Industrial Group Company, holds an equity interest of 50% in the new joint venture, with Aramco and Sinopec each holding 25% stakes.
The project represents the third major manufacturing collaboration between Aramco and Sinopec in China, following the successful launch of the
Fujian Refining & Petrochemical Company (FREP) project in 2007, and Sinopec SABIC Tianjing Petrochemical Company (SSTPC) in 2009. It is also the fifth joint venture between Aramco and Sinopec, extending their cooperation in refining and chemicals both in China and internationally.
This post has been edited by plouffle0789: Yesterday, 04:32 AM
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