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China Petrochemical Corporation information


China Petrochemical Corporation
Native name
中国石油化工集团公司
Company typeState-owned enterprise
IndustryPetroleum refining
Founded1998; 26 years ago (1998)
Headquarters
Chaoyang District, Beijing
,
China
Area served
Worldwide
Key people
Zhang Yuzhuo (Chairman)[1]
Zhang Yongsheng (President)
ServicesHolding company of oil and gas companies
RevenueIncrease ¥ 2,966 billion (2019)[1]
Operating income
Decrease ¥ 90.025 billion (2019)[1]
Net income
Decrease ¥ 54.271 billion (2019)[1]
Total assetsIncrease ¥ 1,755 billion (2019)[1]
Total equityIncrease ¥ 739 billion (2019)[1]
OwnerChina Petrochemical Corporation (68.31%)[1]
Hong Kong Exchanges and Clearing (20.97%)[1]
Number of employees
582,648 (Q3 2020) [2]
SubsidiariesChina Petroleum and Chemical Corporation (Sinopec Ltd.)
WebsiteChina Petrochemical Corporation
Footnotes / references
in consolidated basis[3]
China Petrochemical Corporation
Simplified Chinese中国石油化工集团公司
Traditional Chinese中國石油化工集團公司

China Petrochemical Corporation (Chinese: 中国石油化工集团公司; pinyin: Zhōngguó Shíyóu Huàgōng Jítuán Gōngsī) or Sinopec Group is an oil refining, gas and petrochemical conglomerate,[4] 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. According to the Fortune Global 500 list in 2021, Sinopec was the largest energy company in the world by revenue, the largest state-owned enterprise in both China and the world, and second largest company in the world in terms of revenue, behind only American retail store chain Walmart.[5]

Sinopec Group ranked the 2nd in the Fortune Global 500 List in 2020, with revenue over US$407 billion.[6] In the 2020 Forbes Global 2000, Sinopec was ranked as the 60th largest public company in the world.[7]

  1. ^ a b c d e f g h "SINOPEC Annual Report 2019" (PDF). www.sinopec.com/. China Petrochemical Corporation. 27 March 2020. Retrieved 19 December 2020.
  2. ^ "Sinopec Group | 2021 Global 500".
  3. ^ "2014 Annual Report" (PDF). Sinopec Group. 2015. Archived (PDF) from the original on 13 April 2016. Retrieved 7 May 2016.
  4. ^ "Sinopec operating revenue 2017". Archived from the original on 10 October 2018. Retrieved 3 June 2018.
  5. ^ "Global 500". Fortune. Retrieved 15 July 2021.
  6. ^ "Global 500 2020". Fortune. Retrieved 16 December 2020.
  7. ^ "Forbes Global 2000". Forbes. Retrieved 31 October 2020.

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