China Petrochemical Corporation

China Petrochemical Corporation
Native name
 中国石油化工集团公司
State-owned enterprise
Industry Financial services
Founded Beijing, China (1998)
Headquarters Beijing, China
Area served
 China
Key people
 Su Shulin (Chairman)
Services Holding company of oil and gas companies
Profit DecreaseCN¥ 31,898,180,000 (2014)
Total assets IncreaseCN¥ 2,228,366,180,000 (2014)
Total equity IncreaseCN¥ 735,566,950,000 (2014)
Parent State-owned Assets Supervision and Administration Commission
Subsidiaries China Petroleum and Chemical Corporation (Sinopec Ltd.)
Website China 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 Asia's largest oil refining and petrochemical enterprise, 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 first in the Top 500 Enterprises of China in 2007, with its annual revenue over 1 trillion Chinese yuan.[2]

It is the second largest company in the world in terms of revenue.

Subsidiaries

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.[3][4]

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. [5]

References

External links

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