Mission Statement, Vision, & Core Values (2026) of PetroChina Company Limited.

Founded in 1999, PetroChina Company Limited (0857.HK) stands as the listed arm of CNPC and a full‑chain oil and gas giant operating exploration, production, refining and marketing with growing global reach, reporting in the first half of 2025 a striking RMB 1.5 trillion in revenue and a net profit attributable to owners of RMB 84.01 billion, while steering a strategic pivot toward low‑carbon solutions-investing in wind, solar, geothermal and CCUS-and centering its operations on the mission to "deliver natural gas for a better tomorrow," a vision to be a leading integrated energy company focused on natural gas, social responsibility and regional energy security, and core values of credibility, innovation, performance, harmony and safety that drive technological innovation, operational excellence and sustainable development across domestic and international markets.

PetroChina Company Limited (0857.HK) - Intro

PetroChina Company Limited (0857.HK), established in 1999 as the listed arm of China National Petroleum Corporation (CNPC), operates across the full oil and gas value chain: exploration & production, refining, petrochemicals, storage & transportation, and downstream marketing. The company serves domestic and international markets while accelerating a transition toward lower-carbon energy sources and technologies.

• Founded: 1999 (listed arm of CNPC)
• Business scope: Upstream E&P, midstream transportation & storage, refining & chemicals, retail marketing, and new energy
• Strategic pillars: technological innovation, operational excellence, and sustainable development

• Provide secure, reliable energy and energy-related products to support economic and social development.
• Drive value for shareholders while upholding obligations as a major national energy company.
• Embed safety, environmental protection, and social responsibility into all operations.

• To be a globally competitive integrated energy company transitioning toward a low-carbon, diversified energy portfolio.
• To lead in technological innovation across hydrocarbons and new energy solutions (wind, solar, geothermal, CCUS).

• Safety first - protecting people, assets, and the environment.
• Integrity - compliance, transparency, and ethical conduct.
• Innovation - continuous R&D and digitalization to improve efficiency and reduce emissions.
• Responsibility - social license to operate, community engagement, and environmental stewardship.
• Collaboration - partnerships across industry, government, and academia to scale low-carbon solutions.

PetroChina has publicly prioritized investments in renewable energy and decarbonization technologies alongside its core hydrocarbon business. Key themes include:

• Expansion into wind, solar, and geothermal power projects to diversify generation capacity.
• Deployment and scaling of carbon capture, utilization, and storage (CCUS) to reduce emissions from major facilities.
• Operational measures-energy efficiency upgrades, methane leak detection and repair-to lower carbon intensity per unit of production.
• Integration of digital tools and advanced materials to optimize reservoir recovery and refining efficiency.

• Technological innovation: R&D in advanced exploration, green hydrogen, CCUS, and digital oilfield capabilities.
• Operational excellence: cost control, asset optimization, and supply-chain resilience to protect margins in volatile markets.
• Sustainable growth: balancing near‑term cash generation from hydrocarbons with capital deployment into renewables and decarbonization.
• Global footprint: pursuing overseas E&P and refining opportunities while managing geopolitical and commodity risks.

• Safety and environmental stewardship embedded in operations and capital projects.
• Community and social investment programs aligned with regional development needs.
• Transparent reporting and alignment with evolving ESG frameworks to meet investor and regulator expectations.

For more on investor interest and shareholder dynamics, see: Exploring PetroChina Company Limited Investor Profile: Who's Buying and Why?

PetroChina Company Limited (0857.HK) - Overview

• Core mission focus: supply safe, affordable, and increasingly lower‑carbon energy-especially natural gas-to enable societal prosperity and energy security.
• Strategic ambition: to be a leading integrated energy company across upstream, midstream, downstream, and new energy businesses.
• Operational commitments: prioritize strategic investments, operational excellence, process safety, and environmental stewardship.
• Corporate culture: promote teamwork, collaboration, ethical conduct, fairness in competition, and regulatory compliance.

• Accelerate natural gas production and distribution capacity to support decarbonization in China and regional markets.
• Drive returns through disciplined capital allocation and integration across E&P, pipelines, refining, and petrochemicals.
• Enhance safety and environmental performance-reducing methane emissions, improving energy efficiency, and expanding low‑carbon offerings.
• Strengthen partnerships with domestic and international players to access technologies and markets.

• Higher weighting on natural gas as a transition fuel to reduce coal dependence in power and industrial sectors.
• Investment in LNG import terminals, pipeline networks and gas distribution to support urban air quality improvements.
• Commitments to emissions control-energy efficiency, methane monitoring, and gradual diversification into hydrogen and renewables.

• Safety-first operational culture with measurable targets for incident reduction and process safety management.
• Capital discipline and strategic investment choices to maximize long‑term shareholder value while supporting energy security.
• Ethical compliance and transparent disclosure aligned with listing requirements (H‑share) and global best practices.

PetroChina Company Limited (0857.HK) - Mission Statement

• Be a leading integrated energy company committed to social responsibility - delivering oil, gas and new-energy solutions with operational excellence and strong governance.
• Support regional energy security - emphasize reliable supply and infrastructure investments to support countries and regions where PetroChina operates, including commitments that reference support for Indonesia's energy security through capacity-building and long-term supply arrangements.
• Become a premier natural gas distribution company - expand city-gas networks, gas-fired power and LNG supply chains to capture growing demand for lower-carbon fuel across urban and industrial markets.
• Create exceptional stakeholder value - align shareholder returns with employee development, community welfare and environmental stewardship.
• Deepen commitment to low-carbon and renewable energy - integrate hydrogen, wind, solar and CCUS into the portfolio while steadily reducing greenhouse gas intensity and methane emissions.

• Upstream & supply security: maintain production capacity and strategic reserves to ensure stable domestic and regional supply, including long-term contracts and LNG procurement arrangements.
• Midstream & distribution: accelerate build-out of transmission pipelines, LNG import terminals and city-gas networks to increase access to natural gas for industry and households.
• Low-carbon investment: allocate capital to renewables, gas-fired power with high efficiency, hydrogen pilots and CCUS demonstrations to lower lifecycle emissions.
• Stakeholder engagement: integrate social responsibility into operations through safety programs, community investment and alignment with national and regional energy-security priorities.

• Regional commitments - pragmatic partnerships to strengthen energy security in markets like Indonesia through trade, infrastructure cooperation and technical support.
• Global role - expanding LNG exports/import links, cross-border pipeline cooperation and participation in international low-carbon initiatives to support broader energy security and decarbonization goals.

PetroChina Company Limited (0857.HK) - Vision Statement

• Credibility: Upholding transparency, compliance with regulations, and trustworthiness in stakeholder relationships.
• Innovation: Prioritizing R&D, digitalization, and new energy solutions to drive efficiency and diversification.
• Performance: Delivering operational excellence, cost control, and competitive returns.
• Harmony: Balancing economic growth with social responsibility and environmental stewardship.
• Safety: Zero-tolerance approach to accidents, with rigorous safety management systems across exploration, production, refining, and distribution.

• Accelerate natural gas and low-carbon energy portfolio expansion while optimizing oil and refining margins.
• Embed digital transformation and AI-driven asset management to improve recovery rates and reduce emissions intensity.
• Strengthen compliance, risk management, and contractor governance to maintain credibility and reliability.
• Invest in employee training and safety culture programs to sustain harm-free operations.

• Integrity & Compliance: Strengthened internal audit and anti-corruption programs; supplier vetting and transparency measures in procurement.
• Safety & Reliability: Targeted safety KPIs-reduced lost-time injury rate and rigorous HSE audits across >20 major production bases.
• Innovation & Agility: Investment ramp-up in R&D centers, digital oilfield pilots, and CCUS (carbon capture, utilization, and storage) demonstrations.
• Performance & Efficiency: Ongoing refinery complex optimization and petrochemical integration to improve refining margins and asset utilization.
• Harmony & Social Responsibility: Community engagement, local content in overseas projects, and measurable reductions in flared gas and SOx/NOx emissions.

• Board oversight ties executive compensation to safety, environmental KPIs, and returns on invested capital.
• ESG reporting cadence aligned with international frameworks and disclosure improvements to meet investor expectations.
• Strategic partnerships for LNG, hydrogen, and renewables to diversify energy mix and support carbon peaking/neutrality commitments.