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; 21 years ago (1998)
Headquarters,
Area served
China
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)
ParentState-owned Assets Supervision and Administration Commission
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 3rd in the Fortune Global 500 List in 2018, with revenue over 326 billion USD.[3]

It is the third 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]

References[edit]

  1. ^ "2014 Annual Report" (PDF). Sinopec Group. 2015. Retrieved 7 May 2016.
  2. ^ "Sinopec operating revenue 2017".
  3. ^ http://fortune.com/global500/sinopec-group/
  4. ^ China Petrochemical Corporation Company Introduction Archived 2008-04-11 at the Wayback Machine
  5. ^ China Petrochemical Corporation Company Profile
  6. ^ China Petroleum & Chemical Corp.

External links[edit]