The New York Stock Exchange
Chinese NOCs delist from NYSE
The voluntary move demonstrates the growing distance between the US and China
China’s two biggest NOCs, Petrochina and Sinopec—which together accounted for three-quarters of national oil and gas production in the first half of 2022—are set to delist from the New York Stock Exchange (NYSE) in a withdrawal that marks the end of an era. Petrochina and Sinopec notified the US Securities and Exchange Commission on 29 August that they would delist their American depositary shares (ADSs) from the NYSE. The delisting is expected to become effective 10 days later, meaning the last day of trading is expected on 8 September. The two NOCs and a petrochemicals subsidiary of Sinopec were among five US-listed Chinese state-owned enterprises (SOEs) that in mid-August announced in qui
Also in this section
29 April 2026
Trafigura’s $1b prepayment agreement confirms African resource holders’ renewed interest in oil-backed financing deals as they look to capitalise on high oil prices
29 April 2026
The UAE’s departure from the oil producers’ group was a surprise to many, but the move can be traced back to a single point five years ago
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
28 April 2026
Restoring supply from Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Iraq involves complexities far beyond simply adjusting operational controls
