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Balance Sheet Cash Flow Statement A6 Huixingdong St., Chaoyang District Beijing 100029, China Tel. +86-10-6499-0060 Fax +86-10-6499-0022 |
Type: Public
On the web:
http://www.sinopec.com.cn
Employees:
358,304
Employee growth: 7.2%
China Petroleum and Chemical Corporation (Sinopec Corp.) is the largest refiner and petrochemical producer in China. Its parent, state-owned China Petrochemical (Sinopec Group), reorganized in 2000 and pooled the best of its assets as Sinopec Corp. Sinopec Corp.'s businesses include oil and gas exploration and production; crude oil processing; oil products trading, transportation, distribution, and marketing; and petrochemicals manufacturing. It has proved reserves of 4 billion barrels of oil and more than 7 trillion cu. ft. of gas, and owns more than 29,000 gas stations. The government of China controls about 75% of the company through the Sinopec Group.
Key numbers for fiscal year ending December, 2008:
Sales: $211,861.5M
One year growth: 28.6%
Net income: $3,822.6M
Income growth: (50.5%)
Officers:
Chairman: Su Shulin
Chairman, Supervisory Board: Wang Zuoran
President and Director: Wang Tianpu
Competitors:
CNOOC
PetroChina
Royal Dutch Shell
