China Petrochemical Corporation

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China Petrochemical Corporation
Native name
中国石油化工集团公司
State-owned enterprise
IndustryPetroleum refining
Founded1998; 22 years ago (1998)
Headquarters,
Area served
Worldwide
Key people
Dai Houliang (Chairman)
ServicesHolding company of oil and gas companies
DecreaseCN¥ 31,898,180,000 (2014)
Total assetsIncreaseCN¥ 2,228,366,180,000 (2014)
Total equityIncreaseCN¥ 735,566,950,000 (2014)
ParentSASAC
SubsidiariesChina Petroleum and Chemical Corporation (Sinopec Ltd.)
WebsiteChina Petrochemical Corporation
Footnotes / references
in consolidated basis[1]

China Petrochemical Corporation (Chinese: 中国石油化工集团公司) or Sinopec Group is the world's largest oil refining, gas and petrochemical conglomerate,[2] administered by SASAC for the State Council of the People's Republic of China. It is headquartered at Chaoyangmenwai in Beijing, across the road from the headquarters of fellow state-owned oil company and competitor CNOOC Group.

Sinopec Group ranked the 2nd in the Fortune Global 500 List in 2019, with revenue over US$414 billion.[3]

It is the second largest company in the world in terms of revenue.

Subsidiaries[edit]

Its major subsidiary, China Petroleum and Chemical Corporation Limited, commonly referred to as "Sinopec Limited", is listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange.[4][5]

Sinopec Ltd. is involved in the production of various petroleum products, including gasoline, diesel, jet fuel, kerosene, ethylene, synthetic fibers, synthetic rubber, synthetic resins, and chemical fertilizers, in addition to exploration of crude oil and natural gas within China.[6] It also produces several biofuels such as biodiesel and green jet fuel, from waste vegetable oil. It also produces ethanol.[7][8][9][10][11]

References[edit]

  1. ^ "2014 Annual Report" (PDF). Sinopec Group. 2015. Archived (PDF) from the original on 13 April 2016. Retrieved 7 May 2016.
  2. ^ "Sinopec operating revenue 2017". Archived from the original on 2018-10-10. Retrieved 2018-06-03.
  3. ^ "Archived copy". Archived from the original on 2019-05-18. Retrieved 2019-02-14.CS1 maint: archived copy as title (link)
  4. ^ China Petrochemical Corporation Company Introduction Archived 2008-04-11 at the Wayback Machine
  5. ^ "China Petrochemical Corporation Company Profile". Archived from the original on 2012-09-19. Retrieved 2015-09-09.
  6. ^ "China Petroleum & Chemical Corp". Archived from the original on 2017-03-19. Retrieved 2017-03-06.
  7. ^ "Biofuels push to help clear the air". Archived from the original on 2019-07-22. Retrieved 2019-07-22.
  8. ^ "New energy". Archived from the original on 2019-05-27. Retrieved 2019-07-22.
  9. ^ "Sinopec company prepares to produce green jet fuel". Archived from the original on 2019-07-22. Retrieved 2019-07-22.
  10. ^ "Sinopec unit ready to produce biofuel". Archived from the original on 2019-07-22. Retrieved 2019-07-22.
  11. ^ "The coming biofuel revolution". Archived from the original on 2019-07-22. Retrieved 2019-07-22.

External links[edit]