The Chinese Petroleum Corporation (CPC) was founded in Shanghai on June 1, 1946. It was wholly funded by the
government of the Republic of China and accordingly was placed under the direction of its Resources Committee - the
forerunner of the State-Owned Enterprise Commission, Ministry of Economic Affairs. CPC relocated to Taiwan in 1949
along with the government and set up its headquarters in Taipei, still under the direction of the Ministry of Economic
Affairs. Its operations today include the import, exploration, development, refining, transport, marketing and sale of
petroleum and natural gas, as well as the production and supply of petrochemicals, and its service facilities are located
throughout Taiwan.
At its 550th meeting in February 2007, the Board of Directors approved a change in the name of this company from
the Chinese Petroleum Corporation to the CPC Corporation, Taiwan, retaining its "Chinese Petroleum" name in Chinese,
its logo and its "CPC" abbreviation in English. The objectives of this change were to expand the firm's international
business, reinforce the principle of keeping its roots in Taiwan and build on the priceless goodwill that the company
has acquired over the decades since its founding. CPC's total capital now stands at NT$130.1 billion and its revenues in
2013 amounted to a record NT$1.2 trillion.
Driving Taiwan's economy while fulfilling corporate social responsibilities
Over the years, CPC has comprehensively fulfilled its mission to provide a stable
supply of petroleum products and stimulate development in the petrochemical
industry and in doing so has helped enable Taiwan to sustain vigorous
economic growth and its people to enjoy prosperity. For these
accomplishments, CPC has won praise from all sectors of society.
Faced with the full-scale deregulation of Taiwan's market
for petroleum products in recent years, CPC has
moved to consolidate its operating advantages
and enhance its competitive strengths not only
by engaging in organizational re-engineering
and streamlining, but also by carrying out
Sustainable Development
Meeting domestic demand in full and building an
international energy group
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