China Petroleum & Chemical Corporation
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Native name
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中国石油化工股份有限公司 |
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| Public ltd. | |
| Traded as | : : 0386 : SNP : |
| Industry | Oil and gas |
| Founded |
Beijing, China (2000) |
| Headquarters | Chaoyang District, Beijing, China |
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Key people
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Wang Yupu (Chairman) Fu Chengyu(CEO) Vacant (President) Jiao Fangzheng (Vice President E&P) |
| Products | Fuels, lubricants, petrochemicals |
| Revenue |
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 CN¥73.487 billion (2014) |
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CN¥46.466 billion (2014) |
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| Total assets |
 CN¥1.451 trillion (2014) |
| Total equity | CN¥593 billion (2014) |
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Number of employees
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358,571 (2015) |
| Parent |
China Petrochemical Corporation (Chinese government) |
| Website | sinopec.cn.com |
CN¥2.825 trillion (2014)
China Petroleum & Chemical Corporation (中国石油化工股份有限公司), or Sinopec (simplified Chinese: 中国石化; traditional Chinese: 中國石化; pinyin: Zhōngguó Shíhuà), is a Chinese oil and gas company based in Beijing, China. It is listed in Hong Kong and also trades in Shanghai and New York.
Sinopec Limited's parent, Sinopec Group, is one of the major state-owned petroleum energy and chemicals companies in China, headquartered in Chaoyang District, Beijing. Sinopec's business includes oil and gas exploration, refining, and marketing; production and sales of petrochemicals, chemical fibers, chemical fertilizers, and other chemical products; storage and pipeline transportation of crude oil and natural gas; import, export and import/export agency business of crude oil, natural gas, refined oil products, petrochemicals, and other chemicals.
Sinopec Limited was established as a joint stock entity under the China Petrochemical Corporation Group (Sinopec Group) in February 2000. The company was simultaneously listed in Hong Kong, New York, and London in October 2000. A Shanghai listing was completed in June 2001.
Given its legacy asset base from Sinopec Group, analysts have categorized it as a more downstream oil player than PetroChina. Sinopec is the largest oil refiner in Asia by annual volume processed. Sinopec produces around 1/4 as much raw crude oil as PetroChina, but produces 60% more refined products per annum.
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Wikipedia