China's State Oil Giants Pivot to Hydrogen, Wind and Solar Power

China's three largest state owned oil companies, including Sinopec and CNPC, are shifting capital toward renewable energy to meet national carbon goals. Key investments are flowing into hydrogen refueling networks, offshore wind platforms, and carbon capture and storage (CCUS) projects. While expanding green energy capacity, these firms maintain a dual track strategy to ensure domestic oil and gas stability. Recent data shows China's wind and solar capacity growing rapidly, with solar expected to surpass coal capacity by 2026.