Focusing
on its core business of petroleum and petrochemicals,
Capital Group is a publicly listed company with integrated
upstream and downstream operations and a complete marketing
network. The rationale behind the creation of Capital
Group was to "diversify the ownership structure,
abide by the rules of the market economy, and establish
a modern enterprise system".
The
scope of business covers exploration, development, production
and marketing of crude oil and natural gas, oil refining
and marketing, production and sales of petrochemicals,
chemical fibers, chemical fertilizers, and other chemicals,
storage and pipeline transportation of crude oil and
natural gas, import and export and import/export agency
business of crude oil, natural gas, refined oil products,
petrochemicals, chemicals, and other commodities and
technologies, research and development and application
of technology and information.
Following
international models, the company has set up a new,
standardized structure of corporate governance, with
centralized decision-making, delegated authorities in
management, and business operations handled by specialized
business units.
Capital
Group sticks to the philosophy of open and competition,
the business strategy of expanding resources and market,
cutting cost and improving profitability, as well as
exercising prudent investment. Our target is to build
Capital Group into an internationally competitive, world-class,
integrated energy company with prominent core business,
quality assets, diversified equity structure, innovative
technologies, advanced management and sound financial
practice.
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