PetroChina is one of the largest oil and gas producers in China and operates as a subsidiary of China National Petroleum Corporation (CNPC). The company's business model is vertically integrated, encompassing exploration, production, refining, transportation, and marketing of petroleum and petrochemical products. PetroChina's operations are divided into several segments: Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. Each segment includes various products and services that cater to different market ...
Classification: Star
Crude oil is a core product for PetroChina, with a significant market share due to the company's extensive reserves and efficient extraction techniques. The market for crude oil is experiencing substantial growth driven by global energy demands, particularly in developing countries. Despite competition from other major oil producers like Saudi Aramco and ExxonMobil, PetroChina maintains a strong position thanks to its strategic investments in technology and exploration.
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