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

The 10 Most Profitable Companies in the World

PetroChina, which is publicly traded on the NYSE, is controlled by China National Petroleum Corporation, a state-owned corporation. China’s other large state-owned oil company is Sinopec — China Petroleum and Chemical Corporation. The two companies are ...
Posted: October 27, 2015, 4:00 am

The oil glut has caused China's Sinopec to temporarily close some of its oil fields

Sinopec (China Petroleum & Chemical), the second-largest producer in China and the largest refiner in Asia, will temporarily shut down four oil production projects after Saudi Arabia, Venezuela, Russia and Qatar said they would pursue an anti-climactic ...
Posted: February 18, 2016, 12:51 pm

Global Market Research Reports from SPi

Sinopec China Petroleum China Petrochemical Corporation (Sinopec Group) is a super-large petroleum and petrochemical enterprise group established in July 1998 on the basis of the former China Petrochemical Corporation. Sinopec Group is a state-owned ...
Posted: October 19, 2016, 7:45 am
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