Which of the following lists are Chinese NOCs?

Which of the following lists are Chinese NOCs?

• A. ExxonMobil, Chevron, BP, Shell
• B. Sinopec, CNPCorp, CNOOCorp, PetroChina
• C. Rosneft, Lukoil, Gazprom, Total
• D. Petrobras, ENI, Statoil, Pemex

Answer: (B)

Chinese national oil companies are state-owned entities that control key oil and gas activities within China. The group that fits this description is Sinopec, CNPCorp, CNOCorp, PetroChina. Sinopec is a major refining and chemical company; CNPCorp refers to the China National Petroleum Corporation, the overarching state company; CNOCorp is the China National Offshore Oil Corporation, which handles offshore exploration and production; PetroChina is the listed arm of CNPC and one of China's largest oil producers. The other options are not Chinese NOCs; they include American, British, Dutch, Russian, French, Brazilian, Italian, Norwegian, and Mexican firms. Therefore, the set that consists of Chinese national oil companies is the one containing Sinopec, CNPCorp, CNOCorp, and PetroChina.

Chinese national oil companies are state-owned entities that control key oil and gas activities within China. The group that fits this description is Sinopec, CNPCorp, CNOCorp, PetroChina. Sinopec is a major refining and chemical company; CNPCorp refers to the China National Petroleum Corporation, the overarching state company; CNOCorp is the China National Offshore Oil Corporation, which handles offshore exploration and production; PetroChina is the listed arm of CNPC and one of China's largest oil producers. The other options are not Chinese NOCs; they include American, British, Dutch, Russian, French, Brazilian, Italian, Norwegian, and Mexican firms. Therefore, the set that consists of Chinese national oil companies is the one containing Sinopec, CNPCorp, CNOCorp, and PetroChina.