Radar · Oil & Gas Downstream in China
Best Oil & Gas Downstream Companies in China
The 73 best Oil & Gas Downstream companies in China in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Brightoil Petroleum.
By Rohit KhannaTrends & Stories
73companies tracked
$2.3Bdisclosed funding
0unicorns
6have raised
Sources & further reading
- futuremarketinsights.com
Ranked: Best Oil & Gas Downstream companies in China
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Brightoil Petroleum Oil and gas production, logistics, and trading company 48Talent top 41%Funding top 49%News bottom 32%Global bottom 29% All 4 signals ▾Talenttop 41% Fundingtop 49% Newsbottom 32% Globalbottom 29% Talent: Analyst team rating 4/5 · 1 named leader on record Funding: Raised $700M across 1 rounds · 1 rounds over 7 yrs (0.1/yr) rank vs industry peers · Fliar Intelligence Index 48/100 | $700M | 89 mo ago | Deadpooled | Sit Kwong Lam Chairman & CEO | 1993 | — | — | — |
| 2 | Energy Chain Group Provider of charging station services 16Talent top 28%Funding top 29%Global bottom 38%Market bottom 16% All 5 signals ▾Talenttop 28% Fundingtop 29% Globalbottom 38% Marketbottom 16% Techbottom 15% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Funding: Raised $608M across 3 rounds · 3 rounds over 5 yrs (0.6/yr) rank vs industry peers · Fliar Intelligence Index 16/100 | $608M | 52 mo ago | Series E | Wang Yang Co-Founder & CEO | 2016 | PHPAlibaba Cloud CDNSwiper+2 | — | — |
| 3 | Sinopec Shanghai Petrochemical Company Limited Provider of oil & gas exploration, processing, transportation, and marketing services 69Innovation top 19%Patents top 21%Funding top 36%Market top 38% All 9 signals ▾Innovationtop 19% Patentstop 21% Fundingtop 36% Markettop 38% Growthtop 42% Moattop 44% Newsbottom 38% Globalbottom 35% Techbottom 21% Innovation: 782 patents (top 9% of patent-holders) · 354 filings since 2022 vs 246 in 2017-21 Patents: 782 patents matched (strict assignee match) · 354 filings since 2022 vs 246 in 2017-21 rank vs industry peers · Fliar Intelligence Index 69/100 | $572M | 99 mo ago | Public | — | 1998 | NginxSwiperjQuery+1 | 780 patents Advanced catalysts and processes for petrochemical conversion and lithium‑ion battery materials | — |
| 4 | Towngas China Natural gas distribution company 29Funding top 39%Talent top 41%Market bottom 37%Global bottom 29% All 4 signals ▾Fundingtop 39% Talenttop 41% Marketbottom 37% Globalbottom 29% Funding: Raised $360M across 1 rounds · 1 rounds over 5 yrs (0.2/yr) Talent: Analyst team rating 4/5 · 1 named leader on record rank vs industry peers · Fliar Intelligence Index 29/100 | $360M | 55 mo ago | Late Stage | Huang Weiyi CEO | 1998 | — | — | — |
| 5 | China Gas Holdings Gas operator and service provider | $20M | 247 mo ago | Public | — | 1995 | EChartsElement UIUnoCSS+6 | — | — |
| 6 | Wiener Limited information available | $14M | 73 mo ago | Series B | — | 2007 | — | — | — |
| 7 | Rongsheng Petrochemical Chemical company | — | 38 mo ago | Public | Henry Qin Business Development | 1995 | Microsoft ASP.NETTengineModernizr+3 | 5 patents Advanced polyester filament design/manufacturing and polymerization waste‑heat recovery technologies. | — |
| 8 | Yuan Heng Gas Holdings Natural gas production, refining, and distribution company | — | 102 mo ago | Funding Raised | Wang Jianqing Chairman & CEO | 1980 | — | — | — |
Top 9 Oil & Gas Downstream companies in China
#1
Series E · Beijing, Beijing · founded 2016$608Mraised▾
Series E · Beijing, Beijing · founded 2016
Provider of charging station services
Fliar Intelligence Index™ 16how this company ranks against its industry peers
Talent
top 28%Funding
top 29%Global
bottom 38%Market
bottom 16%Tech
bottom 15%Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Funding: Raised $608M across 3 rounds · 3 rounds over 5 yrs (0.6/yr) · Last round Series E (Jan 2022)
Global: Investors from 6 countries beyond China
Funding rounds
- Jan 2022Series E—
- Dec 2021Series E—
- Aug 2021Series E$308M
- Mar 2021Series D$200M
Founders & team
Investors
Green Climate Fund, CICC, Asian Development Bank, Contemporary Amperex Technology, China Shandong Hi-Speed Financial Group, Bain Capital
Tech stack
Alibaba Cloud CdnBaidu Analytics (百度统计)JqueryPhpSwiper
#2
Late Stage · Hong Kong, Hong Kong · founded 1998$360.2Mraised▾
Late Stage · Hong Kong, Hong Kong · founded 1998
Hong Kong and China Gas is a natural gas distribution company which builds and operates a pipeline network for natural gas transmission in China. Supplies natural gas to commercial & residential customers and also involved in the operation of gas retail stations and sale of gas0-related equipment.
Fliar Intelligence Index™ 29how this company ranks against its industry peers
Funding
top 39%Talent
top 41%Market
bottom 37%Global
bottom 29%Funding: Raised $360M across 1 rounds · 1 rounds over 5 yrs (0.2/yr) · Last round Post IPO (Oct 2021)
Talent: Analyst team rating 4/5 · 1 named leader on record · 1 C-suite/founder profile curated
Funding rounds
- Oct 2021Post IPO$360.2M
Founders & team
Investors
Affinity Equity Partners
#3
Deadpooled · Hong Kong, Hong Kong · founded 1993$700Mraised▾
Deadpooled · Hong Kong, Hong Kong · founded 1993
Oil and gas production, logistics, and trading company
Fliar Intelligence Index™ 48how this company ranks against its industry peers
Talent
top 41%Funding
top 49%News
bottom 32%Global
bottom 29%Talent: Analyst team rating 4/5 · 1 named leader on record · 1 C-suite/founder profile curated
Funding: Raised $700M across 1 rounds · 1 rounds over 7 yrs (0.1/yr) · Last round Conventional Debt (Jan 2019)
News: 0 BI events in 12 mo (of 27 tracked, 7 types)
Funding rounds
- Jan 2019Conventional Debt$700M
Founders & team
Investors
China National Offshore Oil Corporation
#4
Public · Beijing, Beijing · founded 1998 · 446225 employees$572Mraised▾
Public · Beijing, Beijing · founded 1998 · 446225 employees
Provider of oil & gas exploration, processing, transportation, and marketing services
Fliar Intelligence Index™ 69how this company ranks against its industry peers
Innovation
top 19%Patents
top 21%Funding
top 36%Market
top 38%Growth
top 42%Moat
top 44%Innovation: 782 patents (top 9% of patent-holders) · 354 filings since 2022 vs 246 in 2017-21
Patents: 782 patents matched (strict assignee match) · 354 filings since 2022 vs 246 in 2017-21 · Latest publication 2026
Funding: Raised $572M across 1 rounds · 1 rounds over 9 yrs (0.1/yr) · Last round Post IPO (Feb 2018)
Funding rounds
- Feb 2018Post IPO$572M
- 2017Post IPO—
Investors
CICC, Credit Prosperity Fund
Tech stack
Baidu Analytics (百度统计)JqueryNginxSwiper
#5
Series B · Xi An, Shaanxi Sheng · founded 2007 · 125 employees$14.1Mraised▾
Series B · Xi An, Shaanxi Sheng · founded 2007 · 125 employees
Developer and operator of an offline payment platform. The company's offline payment platform connects telecom operators, UnionPay companies, banks, merchants and provides convenient payment systems in various industries such as gas station payments, automotive aftermarket, internet marketing, digital entertainment and tourism, providing payment solutions in various scenarios.
Funding rounds
- May 2020Series B$14.1M
Investors
PetroChina, Detong Capital
#6
Public · Wan Chai, Hong Kong · founded 1995 · 48000 employees$20Mraised▾
Public · Wan Chai, Hong Kong · founded 1995 · 48000 employees
In 2022, the company recorded annual revenues of $11.79B and a net profit of $0.87B
Funding rounds
- Oct 2005Post IPO$20M
Investors
Templeton Private Equity Partners, CPP Investments, SK E&S, Utilico Emerging Markets Trust
Tech stack
Baidu Analytics (百度统计)Core-JsEchartsElement UiNginxPrism
#7
Public · Hangzhou, Zhejiang · founded 1995 · 7892 employees—raised▾
Public · Hangzhou, Zhejiang · founded 1995 · 7892 employees
Rongsheng Petro Chemical is a petrochemical company. Their products include ethylene, fiber, resin, and plastics. The company has operations in China. In 2023, the company recorded annual revenues of $39.86B and a net loss of $0.18B.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 3k LinkedIn followers — 100.0% of this cohort's audience
Hiring: 2 hiring posts in 12 mo (public) · hiring: Career Opportunities, Global Campus Recruitment
Activity: 1 awards announced in 12 mo
Founders & team
Investors
Aramco
Tech stack
Microsoft Asp.NetTengine
#8
Funding Raised · Hong Kong, Hong Kong · founded 1980 · 330 employees—raised▾
Funding Raised · Hong Kong, Hong Kong · founded 1980 · 330 employees
Natural gas production, refining, and distribution company
Founders & team
#9
Deadpooled · Beijing, Beijing · founded 1992—raised▾
Deadpooled · Beijing, Beijing · founded 1992
Natural gas downstream company
Founders & team
Investors
Yunyi Investment, Goldstone Investment
Funding & investor landscape
$2.3Btotal disclosed funding
6companies funded
8disclosed rounds
0rounds last 90 days
Most active investors
Notable founders
Wang Yang
Co-Founder & CEO · Energy Chain Group
Sun Weilin
Co-Founder · Energy Chain Group
Huang Weiyi
CEO · Towngas China
Sit Kwong Lam
Chairman & CEO · Brightoil Petroleum
Henry Qin
Business Development · Rongsheng Petrochemical
Wang Jianqing
Chairman & CEO · Yuan Heng Gas Holdings
Chen Yihe
Founder · Jinhong Holding Group
Prism market signals · China · country-scoped Prism corpus, 355,457 docs
Market landscape — 10 sub-themes by coverage
Share of Oil & Gas Downstream coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
How many Oil & Gas Downstream companies are there in China?
Radar tracks 73 indexable Oil & Gas Downstream companies headquartered in China that meet our profile-completeness bar.
What is the total funding raised by Oil & Gas Downstream companies in China?
The Oil & Gas Downstream companies in China on this list have raised a combined $2.3B in disclosed equity funding across 6 funded companies.
Which is the highest-funded Oil & Gas Downstream company in China?
Brightoil Petroleum is the highest-funded Oil & Gas Downstream company in China, with $700M in disclosed equity funding.
How many Oil & Gas Downstream companies in China are funded?
6 of the 73 Oil & Gas Downstream companies in China on this list have disclosed at least one equity funding round.
How many Oil & Gas Downstream unicorns are there in China?
None of the Oil & Gas Downstream companies in China on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in China Oil & Gas Downstream companies?
The most active investors in China Oil & Gas Downstream companies on this list include CICC, Affinity Equity Partners, AgTech Capital Group, Aplus Capital, Asia Business Capital.
Rohit KhannaTrends & Stories
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.