Mission Statement, Vision, & Core Values (2026) of China Petroleum Engineering Corporation.

As China Petroleum Engineering Corporation (600339.SS) stakes its claim as a leading energy engineering provider, its 38,417-strong workforce and a market capitalization of ¥18.59 billion underpin an organization that reported ¥85.92 billion in revenue in 2024-up 6.94% year-on-year-while historically delivering approximately ¥180 billion in revenue in 2023 and investing heavily in innovation (¥2.5 billion in R&D in 2022) as it pivots into renewables with five major solar projects and a reported 10% carbon emissions reduction in 2023 versus 2022; by 2025 CPECC targets operating income of RMB 30-60 billion, aims for R&D commitments of ¥19.5 billion and 320 new invention patents, seeks a balanced income structure (50% non-related parties/50% technical services), and is pursuing internationalization, deepwater exploration, supplier integrity across 3,599+ partners, and employee protections including 100% social insurance and safety insurance coverage and zero work-related fatalities goals as it maps a path to international leadership by 2030 and global prominence by 2035.

China Petroleum Engineering Corporation (600339.SS) - Intro

• Founded: 1999
• Listing: Shanghai Stock Exchange, ticker 600339.SS
• Employees: ~38,417
• Revenue (2024): 85.92 billion CNY (up 6.94% YoY)
• Market capitalization: 18.59 billion CNY

Mission

• Deliver safe, efficient, and sustainable engineering solutions that enable reliable energy supply for China and global partners.
• Drive technological innovation in oil & gas engineering while expanding capabilities in chemical refining and high-value manufacturing.
• Create long-term value for stakeholders through disciplined project execution, cost control, and workforce development.

Vision

• Become a world-class energy engineering and construction group recognized for technical excellence, digital-enabled project delivery, and a low-carbon transition roadmap.
• Expand global footprint in emerging markets while achieving leadership in integrated onshore/offshore EPC and O&M services.

Core Values

• Safety First - uncompromising HSE standards across all projects and facilities.
• Integrity & Compliance - adherence to laws, regulations, and ethical business practices.
• Innovation - continual R&D investment and adoption of digital engineering, prefabrication, and modular construction.
• Customer Focus - tailored solutions, reliable delivery, and lifecycle support.
• People Development - training, career pathways, and fostering a skilled, accountable workforce of ~38.4k employees.

Strategic Priorities & Capabilities

• Integrated EPC delivery: front-end engineering design (FEED), detailed design, procurement, construction, and commissioning for large oil & gas projects.
• Offshore engineering and subsea integration, leveraging specialized fabrication and marine construction experience.
• Chemical refining & downstream engineering: process design and plant construction for refining and chemical fiber production.
• Operation & Maintenance (O&M): long-term asset services to maximize uptime and extend asset life.

Key Financial & Operational Metrics (2024)

For investor-focused details and stakeholder composition, see: Exploring China Petroleum Engineering Corporation Investor Profile: Who's Buying and Why?

China Petroleum Engineering Corporation (600339.SS) - Overview

• Deliver high-quality products and services across the energy sector with a focus on operational excellence and innovation.
• Provide superior engineering, procurement, construction and commissioning (EPCC) services to upstream, midstream and downstream clients.
• Advance sustainable development by reducing environmental impact and expanding into renewable energy.

• Be a leading global energy engineering and services platform that integrates traditional hydrocarbon expertise with low‑carbon and renewable solutions.
• Deliver resilient, efficient energy infrastructure that supports clients' energy transition goals while maintaining frontline safety and quality standards.

• Quality: Adherence to rigorous engineering standards and project execution disciplines to ensure client trust and long-term asset reliability.
• Innovation: Continuous investment in technologies and processes (e.g., R&D ¥2.5 billion in 2022) to improve productivity, safety, and low‑carbon solutions.
• Sustainability: Measurable environmental targets (10% emissions reduction in 2023) and a strategic shift into renewables (five major solar projects in 2023).
• Integrity: Transparent governance, compliance with laws and industry standards, and accountability across projects and operations.
• Collaboration: Partnering with clients, suppliers, and local communities to optimize outcomes and create shared value.

• Scale core EPCC delivery while integrating modularization and digital construction methods to protect margins on large-scale contracts.
• Allocate a portion of capital and R&D toward renewable energy solutions and decarbonization technologies to diversify revenue streams beyond core hydrocarbons.
• Track and report quantifiable sustainability KPIs (e.g., emissions intensity, project-level renewable capacity) to meet investor and regulatory expectations.

China Petroleum Engineering Corporation (600339.SS) Mission Statement

• Becoming a world-class energy engineering company with Chinese characteristics by 2025.
• Target operating income of RMB 30 billion by 2025, with long‑term aspirations to reach RMB 60 billion.
• Balanced income structure target: 50% from non-affiliated third parties and 50% from technical services.
• Strategic focus areas: domestic oil & gas, clean energy (including offshore wind, hydrogen-ready projects), and overseas expansion.
• Emphasis on internationalization, talent development, market expansion, deepwater exploration, cost management and risk control to realize the vision.

• Deliver engineering excellence across onshore and offshore upstream projects.
• Accelerate transition to low-carbon and clean-energy solutions while leveraging core EPC capabilities.
• Expand global footprint through targeted overseas contracts and partnerships.
• Develop and retain specialized talent-technical, project management and international business teams.
• Achieve resilient financial performance through diversified revenue streams and disciplined cost control.

• Safety-first engineering and operational integrity.
• Client-centric delivery with measurable performance metrics.
• Innovation in technology and project execution (including deepwater capabilities).
• Accountability in cost and risk management.
• Global mindset with Chinese governance and standards.

• Accelerate bidding and project delivery in deepwater and complex offshore fields.
• Scale clean-energy EPC capability to capture transitioning demand (offshore wind, hydrogen-ready platforms, CO2 management services).
• Drive overseas revenue growth through targeted markets and strategic alliances.
• Implement strict project-level cost controls, standardized procurement and digital project management to protect margins.
• Strengthen technical service offerings to secure recurring, high-margin income streams.

China Petroleum Engineering Corporation (600339.SS) - Vision Statement

• Core values: innovation, harmony, integrity.
• Strategic horizon: achieve international leadership in key technologies by 2030; be a leading global oil & gas engineering company by 2035.
• R&D ambition: invest in core technologies to break technical barriers and secure long-term competitive advantage.

• Innovation: accelerate R&D programs (¥19.5 billion through 2025), increase invention patent output (320 new patents goal) and commercialize core technologies to capture higher-margin engineering and EPC opportunities.
• Harmony: foster collaborative supplier and partner ecosystems-over 3,599 suppliers committed to integrity by 2025-and elevate customer experience to >98 satisfaction with an objective of zero complaints.
• Integrity: embed compliance and ethical procurement across the value chain, enforce signed integrity commitments, and demand full transparency in subcontracting and supply delivery.

• Quality & customers: target >98 satisfaction score by 2025 and proactive complaint elimination protocols to sustain zero complaints.
• Safety & employees: achieve 100% coverage of social insurance and required training, zero work-related fatalities, and 100% safety production liability insurance by 2025.
• Supply chain sustainability: expand the pool of integrity-committed suppliers beyond 3,599 and monitor ESG performance across tiers.
• Technology commercialization: prioritize projects that demonstrate patent-to-revenue pathways and international standard adoption.