Mr. Fu graduated from the Northeastern University (China), and received a master's degree in petroleum engineering from the University of Southern California. He later studied at Cheung Kong Graduate School of Business. In December 2014, Fu was named among the most influential people in the shipping industry according to Lloyds List.
His early experiences in the oil industry were at the Daqing, Liaohe and Huabei oilfields. Beginning with 1983, Fu has been Chairman of CNOOC and major international petroleum companies including Amoco, Chevron, Texaco, Phillips, Shell and Agip. He acted as the Chairman of Sinopec Group from 2011 to 2015.