China Petrochemical Corporation

Sinopec Sinopec

Sinopec Group is a large-scale petrochemical enterprise group, which was reorganized and established by the state on the basis of the former China Petrochemical Corporation in July 1998. It is a state-owned company, a state authorized investment institution and a state holding company. Sinopec, with a registered capital of 182 billion yuan, is headquartered in Beijing.

Sinopec shall exercise the rights of benefiting from assets, making major decisions, selecting managers and other investors over the relevant state-owned assets of its wholly-owned enterprises, holding enterprises and joint-stock enterprises, operate, manage and supervise the state-owned assets in accordance with the law, and bear the responsibility of maintaining and increasing the value accordingly. Sinopec, which is controlled by Sinopec, issued H-shares and A-shares overseas in October 2000 and August 2001, and listed in Hong Kong, New York, London and Shanghai respectively. At present, the total share capital of Sinopec is 86.7 billion shares, with Sinopec holding 75.84%, foreign shares 19.35% and domestic public shares 4.81%.

Sinopec's main business scope includes: industrial investment and investment management; exploration, exploitation, storage and transportation (including pipeline transportation), sales and comprehensive utilization of oil and natural gas; petroleum refining; wholesale of gasoline, kerosene and diesel; production, sales, storage and transportation of petrochemical and other chemical products; exploration, design, construction and construction of petrochemical engineering Installation; maintenance and repair of petroleum and petrochemical equipment; manufacturing of mechanical and electrical equipment; research, development, application and consulting services of technology and information and alternative energy products; self operation and agency of import and export of various commodities and technologies (except those restricted or prohibited by the state).

Sinopec ranks third among Fortune Global 500 enterprises in 2014.

listed company

Sinopec (hereinafter referred to as "Sinopec") is a joint-stock enterprise with the integration of upstream, middle and downstream, outstanding main business, relatively complete sales network and listing at home and abroad. Sinopec is a joint-stock enterprise established on February 25, 2000 by Sinopec in accordance with the company law of the people's Republic of China. 16.78 billion H shares of Sinopec were successfully listed on the exchanges of Hong Kong, New York and London on October 18 and 19, 2000, and 2.8 billion a shares were successfully listed on Shanghai Stock Exchange on July 16, 2001. By the end of 2010, the total share capital of Sinopec was 86.7 billion shares, with Sinopec holding 75.84%, foreign shares 19.35% and public shares 4.81%.

Sinopec is one of the largest integrated energy and chemical companies in China. It is mainly engaged in the exploration and development, exploitation, pipeline transportation and sales of oil and natural gas; the production and sales, storage and transportation of petroleum refining, petrochemical, chemical fiber, fertilizer and other chemical products; and the import and export of oil, natural gas, petroleum products, petrochemical and other chemical products and other commodities and technologies Manage import and export business; research, development and application of technology and information. Sinopec is the largest producer and supplier of petroleum products (including gasoline, diesel, aviation kerosene, etc.) and major petrochemical products (including synthetic resin, synthetic fiber monomer and polymer, synthetic fiber, synthetic rubber, chemical fertilizer and intermediate petrochemical products) in China, as well as the second largest crude oil producer in China.

Sinopec has established a standardized corporate governance structure and implemented a business division management system of centralized decision-making, hierarchical management and specialized operation. Sinopec now has more than 100 wholly-owned subsidiaries, holding and participating subsidiaries and branches, including oil and gas exploration and development, refining, chemical industry, product sales, scientific research, foreign trade and other enterprises and units. Its operating assets and main markets are concentrated in the most developed and active Eastern, southern and central regions of China.

Sinopec will seriously implement the strategy of resources, market, integration and internationalization, pay more attention to scientific and technological innovation, management innovation and improve the quality of the team, and strive to build Sinopec into a world-class energy and chemical company.

Sinopec, the largest shareholder of Sinopec, is a super large petroleum and petrochemical enterprise group reorganized and established by the state in 1998 on the basis of the former Sinopec. It is a state-owned company funded by the state, a state authorized investment institution and a state holding company.