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Sustainable Development
Responding to global trends benefits the economy,
environment and community
The Chinese Petroleum Corporation (CPC) was founded in Shanghai on June 1, 1946, and it was placed under the direction of
the government's Resources Committee – now known as the State-Owned Enterprise Commission, Ministry of Economic Affairs.
CPC relocated to Taiwan in 1949 along with the government; it is now under the direction of the Ministry of Economic Affairs with its
headquarters base in Taipei. Since then, CPC's operations have developed to include the exploration, production, import, refining,
and processing of crude oil and natural gas; distribution, marketing, and sales of refined petroleum products and natural gas; and
the production and supply of petrochemicals. CPC's service facilities such as gas stations and marine and aviation fueling points
are found throughout Taiwan.
Following approval by its Board of Directors at their 550
th
meeting in February of 2007, the Company's name was changed
from Chinese Petroleum Corporation to 'CPC Corporation, Taiwan' while still retaining the words "Chinese Petroleum" in its
name in Chinese, as well as the "CPC" abbreviation in English and its distinctive torch logo. The objectives behind these
changes were to expand the firm's international business and reinforce the principle whereby it keeps its roots in Taiwan
and builds on the priceless goodwill acquired over the decades since its founding. CPC's total paid-in capital now stands at
NT$130.1 billion, and its revenues in 2015 amounted to NT$843.66 billion.
CPC 2016
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