Shaanxi Yanchang Petroleum (Group) Co., Ltd. is a large energy and chemical enterprise integrating the development, comprehensive utilization and in-depth transformation of various resources such as oil, natural gas, and coal.

Yanchang Petroleum has a long history. In 1905, the Qing government approved the construction of the "Yanchang Petroleum Plant" in Yanchang County, Shaanxi Province. In 1907, it drilled into China's onshore oil well, ending China's history of non-producing oil onshore. Since the reform and opening up, especially after two reorganizations in 1998 and 2005, Yanchang Petroleum has entered the fast lane of sustainable development. In 2007, crude oil production exceeded 10 million tons; in 2010, sales revenue exceeded 100 billion yuan; in 2013, it entered the top 500 companies in the world; in 2016, oil and gas equivalent was 11.27 million tons, processed 13.31 million tons of crude oil, produced 4.59 million tons of chemical products, and total assets reached 316.6 billion yuan at the end of the year.

Yanchang Petroleum Industry mainly covers oil and gas exploration, processing, storage and transportation, sales, petroleum and gas comprehensive chemical industry, coal and electricity, engineering design and construction, technical research and development and pilot, new energy, equipment manufacturing, financial services and other fields. At present, crude oil production capacity has been formed at 12.75 million tons/year, refining and processing capacity has been formed at 17.4 million tons/year, natural gas production capacity of 2.9 billion cubic meters/year, coal production capacity of 8 million tons/year, and chemical product production capacity of 5 million tons/year. Especially after the continuous efforts of the "Eleventh Five-Year Plan" and the "Twelfth Five-Year Plan", we have explored and embarked on a differentiated and distinctive development path of comprehensive utilization and deep transformation of kerosene and gas resources.

Yanchang Petroleum has become a group enterprise that meets the requirements of the modern enterprise system. It has 22 wholly-owned and controlled subsidiaries, 8 branches, 1 directly affiliated institutions, and 10 shareholders. It has three listed companies, namely Yanchang Petroleum International (HK00346), Xinghua Co., Ltd. (SZ002109) and Yanchang Chemical Construction (SH600248). Yanchang Petroleum has built a diversified financial platform, established financial companies, investment companies, Yanchang Low Carbon Funds, Guantian Leasing Company and other financial institutions, and participated in Changan Bank and Yongan Insurance, achieving the coordinated development of real industries and financial businesses.

Looking ahead, Yanchang Petroleum will conscientiously implement the development concept of "innovation, coordination, greenness, openness and sharing", take supply-side structural reform as the main line, adhere to the "one body and two wings" development strategy with the real energy and chemical industry as the main body and the integration of scientific and technological industrialization and industry-financial integration as the two wings, accelerate the pace of structural adjustment and transformation and upgrading, and strive to build a respectable innovative international energy and chemical company, and make new and greater contributions to the economic and social development of old Shaanxi areas, Shaanxi's catch-up and surpassing, and national energy security.