China Petrochemical Corporation
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, 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.
Headquarters in Beijing | |
Native name | 中国石油化工集团公司 |
|---|---|
| Company type | State-owned enterprise |
| Industry | Petroleum refining |
| Founded | 1998 |
| Headquarters | , |
Area served | Worldwide |
Key people | Zhang Yuzhuo (Chairman) Zhang Yongsheng (President) |
| Services | Holding company of oil and gas companies |
| Revenue | ¥ 2,966 billion (2019) |
| ¥ 90.025 billion (2019) | |
Net income | ¥ 54.271 billion (2019) |
| Total assets | ¥ 1,755 billion (2019) |
| Total equity | ¥ 739 billion (2019) |
| Owner | China Petrochemical Corporation (68.31%) Hong Kong Exchanges and Clearing (20.97%) |
Number of employees | 582,648 (Q3 2020) |
| Subsidiaries | China Petroleum and Chemical Corporation (Sinopec Ltd.) |
| Website | China Petrochemical Corporation |
| Footnotes / references in consolidated basis | |
| China Petrochemical Corporation | |||||||
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| Simplified Chinese | 中国石油化工集团公司 | ||||||
| Traditional Chinese | 中國石油化工集團公司 | ||||||
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Sinopec Group ranked the 2nd in the Fortune Global 500 List in 2020, with revenue over US$407 billion. In the 2020 Forbes Global 2000, Sinopec was ranked as the 60th largest public company in the world.