Native name | 中国石油化工集团公司 |
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Company type | State-owned enterprise |
Industry | Petroleum refining |
Founded | 1998 |
Headquarters | , |
Area served | Worldwide |
Key people | Zhang Yuzhuo (Chairman)[1] Zhang Yongsheng (President) |
Services | Holding company of oil and gas companies |
Revenue | ¥ 2,966 billion (2019)[1] |
¥ 90.025 billion (2019)[1] | |
¥ 54.271 billion (2019)[1] | |
Total assets | ¥ 1,755 billion (2019)[1] |
Total equity | ¥ 739 billion (2019)[1] |
Owner | China Petrochemical Corporation (68.31%)[1] Hong Kong Exchanges and Clearing (20.97%)[1] |
Number of employees | 582,648 (Q3 2020) [2] |
Subsidiaries | China Petroleum and Chemical Corporation (Sinopec Ltd.) |
Website | China Petrochemical Corporation |
Footnotes / references in consolidated basis[3] |
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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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]