China Petrochemical Corporation

China Petrochemical Corporation

Native name	中国石油化工集团公司
Type	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	CN¥ 31,898,180,000 (2014)
Total assets	CN¥ 2,228,366,180,000 (2014)
Total equity	CN¥ 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

1. "2014 Annual Report" (PDF). Sinopec Group. 2015. Retrieved 7 May 2016.
2. Sinopec heads list of country's top earners
3. China Petrochemical Corporation Company Introduction
4. China Petrochemical Corporation Company Profile
5. China Petroleum & Chemical Corp.

External links

• China Petrochemical Corporation