Sinopec-China Petroleum Net Worth is$104.2 B
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Type: Public company

Traded As: 600028, SNP

Foundation: Beijing, People's Republic of China (2000)

Location: Chaoyang District, Beijing, Beijing, People's Republic of China /

Key People: Fu Chengyu
Industry: Oil and gas industry

Products: Fuels, lubricants, petrochemicals

Parent: China Petrochemical Corporation, (Government of the People's Republic of China)

Revenue: link

Operating Income: 105.5 billion (2011)
Net Income: 73.22 billion (2011)
Assets: 1.144 trillion (2011)
Equity: {{increase 472.32 billion (2011)
Num Employees: 377,235 (2011)
Homepage: []

China Petroleum & Chemical Corporation (a,-a? 1/2 c??ae??a??a??e??a>> 1/2 ae??e??a??a?,), or Sinopec Limited (simplified Chinese: a,-a? 1/2 c??a??; traditional Chinese: a,-a??c??a??; pinyin: ZhA?ngguA? ShA-huA ), is a Chinese oil and gas company based in Beijing, China. It is listed in Hong Kong (SEHK: 0386) and also trades in Shanghai (SSE: 600028) and New York (NYSE: SNP). Sinopec is the worlds sixth biggest company by revenue.
Sinopec Limited's parent, Sinopec Group, is one of the major petroleum 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. In 2011 it ranked as the 5th largest company in sales in Forbes Global 2000. In 2009, it was ranked 9th by Fortune Global 500 becoming the first Chinese corporation to make the top ten and in 2010 it was ranked 7th. In 2007, it ranked first in the Top 500 Enterprises of China ranking.
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.
In December 2006, Sinopec acquired the assets of Shengli Petroleum, whose main asset was a maturing domestic oil field, in order to stabilize its crude inputs

Sinopec-China Petroleum Latest News

Fortune China 500 list goes public

Sinopec, China National Petroleum Corporation and China State Construction Engineering Corporation ranked as the top three enterprises respectively on the list of top 2017 Fortune China 500 companies, Sina Finance reported. Revenue from Sinopec and China ...
Posted: July 31, 2017, 3:57 pm

Private oil refineries get approval to import crude

China is one of the world's largest oil buyers, and nearly 60 percent of its petroleum is imported. Crude imports are dominated by State-run giants such as China Petrochemical Corp (Sinopec), China National Petroleum Corp (CNPC) and China National Offshore ...
Posted: July 23, 2015, 4:13 pm

China Petroleum & Chemical : Looming Chinese refinery cuts to hit oil demand

Rival Sinopec (>> China Petroleum & Chemical Corp) is considering slashing as much as 230,000 bpd, equivalent to about 5 percent of its average daily production last year, in what would be only the second time in 16 years that the firm has cut runs.
Posted: June 22, 2017, 12:20 am

Sinopec, China's Largest Oil and Gas Producer, Entering 3D Printing Materials Market

Known as Sinopec Group, China Petroleum & Chemical Corporation says they’ll need to discover technological breakthroughs as part of their long-term planning. The company also says investments will be made in creating industrial parks, investment funds ...
Posted: January 19, 2015, 5:25 am

$36-billion Pacific NorthWest LNG project cancelled

PETRONAS is a Malaysian oil and gas company and its partners are Japan Petroleum Export Corporation, PetroleumBRUNEI, IndianOil Corporation and Sinopec-China Huadian. The Journal of Commerce will have more industry reaction and updates on this story in an ...
Posted: July 25, 2017, 12:46 pm
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