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Overview
PetroChina is one of the largest oil and gas companies in the world, and the biggest company in China. It was established in 1999 as a subsidiary of the Chinese National Petroleum Corporation (CNPC) and became a publicly traded company in 2000. Its headquarters are located in Beijing, China. PetroChina's main business operations include exploration, production, transportation and sale of oil and natural gas, as well as refining and chemical production. The company has significant upstream and downstream assets in China, and also has operations in more than 30 countries around the world. PetroChina is listed on the stock exchanges of Hong Kong, New York, and Shanghai, making it one of the world's largest publicly traded energy companies. It has a market capitalization of over $190 billion. The company has significant partnerships and joint ventures with other major oil and gas companies, such as Exxon Mobil, BP, and Royal Dutch Shell. It also has a strong presence in China's domestic market, supplying a large portion of the country's energy needs. PetroChina has faced some challenges in recent years, including declining profits due to lower oil prices and increased competition from other global energy players. However, the company remains a key player in the global energy market and is continually expanding its operations and investments in order to maintain its position as a leader in the industry.
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