On the list of 2023 Fortune Global 500 released on August 2, SDE ranked No.72, with operating revenues of USD124.089 billion for year 2022. It is the second consecutive year that SDE was rate among Top 100 ever since its merger in 2021.  

Ever since the merger, SDE has implemented in-depth reform, mechanism reshaping, regional integration of industries, corporate culture fusion, in line with the requirements of the CPC Shandong Provincial Committee and the Provincial Government. With the goal of building itself into a clean energy supplier and a world-class enterprise, SDE has shouldered the main responsibility of “one guarantee and two optimizations” and achieved safe, innovative, green and high-quality development with concerted efforts. In 2022, confronted with complex international situation as well as the increasing downward pressure on economy, SDE created the best performance with operating revenues rising to RMB834.7 billion and total assets to RMB951.1 billion, up by 24% and 39% respectively.

In the first half of this year, in the face of various risks and challenges, such as turbulent international situation, increasing downward pressure on economy, and falling prices of staple products, SDE's five major operating indicators maintained stable growth, and achieved operating revenues of RMB426.1 billion (up by 1.25%) and total assets of RMB990.5 billion (up bu RMB75.9 billion). It has as always been taking a lead in high-quality development among Shandong Provincial SOEs  and across the Chinese energy industry.