Author(s)

Zhenmin Shi

Corresponding Author

Zhenmin Shi

ABSTRACT

In response to a call from Chinese President Xi Jinping to achieve a carbon dioxide emissions peak before 2030 and carbon neutrality before 2060, big Chinese oil companies have been taken action to transform into energy integrated companies. However, with the less-capitalized companies and lack of professional experience in transformation compared with companies in developed countries. Chinese oil companies’ transformation paths have encountered problems that need to be addressed seriously. By comparing the main actions taken by big oil companies globally and locally, the paper will point out the main problems Chinese oil companies confronted during their transformation path and give out practical suggestions to address the problems.

KEYWORDS

Carbon Neutrality, Chinese Oil Companies, Company Transition