PetroChina Co Ltd (PetroChina), a subsidiary of China National Petroleum Corporation, is an integrated oil and gas company that carries out upstream, downstream and midstream operations. It is also engaged in new energy resources and new material businesses. The company has exploration basins in Songliao, Junggar, Ordos, Tarim, Sichuan and Bohai Bay.

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The company’s R&D efforts focus on promoting green development and efficient utilization of traditional fossil energy. It also focuses on developing new energies for a diversified energy supply systems. It has around 21 national R&D institutions, 84 research institutes and 54 company-level key laboratories and experimental bases, focusing on research work in the upstream, midstream and downstream sectors. The company also collaborates with the China University of Petroleum, the Chinese Academy of Sciences and other research institutes, colleges and universities for oil and gas exploration and development, new energy, new materials, and other fields. The company is focused on digital transformation and intelligent operation. It is focused on the implementation of digital technologies such as the Internet of Things (IoT), cloud computing, 5G, big data and artificial intelligence to facilitate business restructuring, improve core competencies, business model innovation, promote business transition and create value. As of December 2022, the company owned nearly 19,869 patents in China and other jurisdictions. In FY2022, it was granted 1,525 patents in China. In FY2022, PetroChina spent CNY20,016 million on R&D, which was 0.6% of the company’s revenue and grew 19.6% YoY.