Best Oil & Gas Upstream Companies in China
The 66 best Oil & Gas Upstream companies in China in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Sinochem Energy.
Ranked: Best Oil & Gas Upstream companies in China
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Sinochem Energy 🦄 Oil & gas production company 72Market top 29%Funding top 35%Moat top 45%Talent bottom 49% All 6 signals ▾Markettop 29% Fundingtop 35% Moattop 45% Talentbottom 49% Globalbottom 29% Newsbottom 22% Market: Unicorn (valued $40.0B) Funding: Raised $1.6B · 1 rounds over 7 yrs (0.1/yr) rank vs industry peers · Fliar Intelligence Index 72/100 | $1.6B | 77 mo ago | Late Stage | Jiang Zhenghong CEO | 1988 | — | — |
| 2 | 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 | — | — |
| 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 | — |
| 4 | CITIC Resources Holdings Crude oil production, coal & aluminum extraction, and logistics company 37Market top 44%Talent bottom 49%Funding bottom 48%Global bottom 25% All 4 signals ▾Markettop 44% Talentbottom 49% Fundingbottom 48% Globalbottom 25% Market: 202 employees (top 29% of Energy) Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 37/100 | $400M | 163 mo ago | Funding Raised | Suo Zhengang CEO | 1997 | — | — |
| 5 | AAG Energy Coal Bed Methane production company 53Market top 38%Funding top 39%Global bottom 36%News bottom 22% All 4 signals ▾Markettop 38% Fundingtop 39% Globalbottom 36% Newsbottom 22% Market: 531 employees (top 19% of Energy) Funding: Raised $250M across 1 rounds · 1 rounds over 11 yrs (0.1/yr) rank vs industry peers · Fliar Intelligence Index 53/100 | $250M | 132 mo ago | Public | — | 2004 | — | — |
| 6 | China Gas Holdings Gas operator and service provider | $20M | 247 mo ago | Public | — | 1995 | EChartsElement UIUnoCSS+6 | — |
| 7 | Longwei Petroleum Investment Holding Oil and gas exploration and production company | $15M | 199 mo ago | Deadpooled | Cai Yongjun CEO | 2009 | — | — |
| 8 | Tinniu Hydrogen Energy Oil and gas exploration and development company | $7M | 41 mo ago | Seed | — | — | — | — |
| 9 | Andatee China Marine Fuel Services Limited information available | $300K | 134 mo ago | Public | — | 2009 | — | — |
Top 10 Oil & Gas Upstream companies in China
#1
Seed · China$7.4Mraised▾
Oil and gas exploration and development company
#2
Late Stage · Beijing, Beijing · founded 1988$1.6Braised▾
Oil & gas production company
#3
Deadpooled · Hong Kong, Hong Kong · founded 1993$700Mraised▾
Oil and gas production, logistics, and trading company
- Jan 2019Conventional Debt$700M
#4
Public · Beijing, Beijing · founded 1998 · 446225 employees$572Mraised▾
Provider of oil & gas exploration, processing, transportation, and marketing services
- Feb 2018Post IPO$572M
- 2017Post IPO—
#5
Funding Raised · Hong Kong, Hong Kong · founded 1997 · 202 employees$400Mraised▾
CITIC Resources Holdings Limited is a group of companies involved in the crude oil production and coal-aluminum extraction activities. Oil assets include 50% participation rights in an onshore filed located in Karazhanbas, Kazakhstan; 90% interests in Hainan-Yuedong Block, China through a subsidiary company & claims to contain an estimated reserve of 30 million BOE of crude oil; 100% interest over a Seram Non-Bula Oil block of Indonesia till 2019 and claims to contain 1.1 million BOE of crude oil reserve. Also, involved in the import & export of bulk commodities and manganese production activities through subsidiary companies.
- Nov 2012Conventional Debt$400M
#6
Public · Beijing, Beijing · founded 2004 · 531 employees$250Mraised▾
AAG Energy is a public company focused on the production of Coal Bed Methane in China. The company has production sharing contracts with two of the four state-owned enterprises authorized by the Chinese government to partner with foreign companies to explore, develop and produce China’s CBM assets, namely CUCBM and PetroChina (through its parent company, CNPC). The company is the operator of the Panzhuang and Mabi concessions in China.
- Jun 2015Conventional Debt$250M
- Series A—
#7
Public · Wan Chai, Hong Kong · founded 1995 · 48000 employees$20Mraised▾
In 2022, the company recorded annual revenues of $11.79B and a net profit of $0.87B
- Oct 2005Post IPO$20M
#8
Deadpooled · Taiyuan, Shanxi · founded 2009$14.8Mraised▾
Oil and gas exploration and production company
- Nov 2009Post IPO$14.8M
#9
Public · Dalian, Liaoning · founded 2009 · 189 employees$300Kraised▾
Andatee China Marine Fuel Services Corp is engaged in the production, storage, distribution and wholesale purchases and sales of blended marine fuel oil for cargo and fishing vessels. Geographically the business operations are mainly in Liaoning, Shandong, Jiangsu and Zhejiang Provinces in People's Republic of China (PRC).
- Apr 2015Post IPO$300K
#10
Funding Raised · Hong Kong, Hong Kong · founded 1980 · 330 employees—raised▾
Natural gas production, refining, and distribution company
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Oil & Gas Upstream coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
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.