China Petroleum & Chemical Corp.
NYSE:
HK:
SNP
386
China Petroleum & Chemical Corp. (Sinopec Group) is a super-large petroleum and petrochemical enterprise group, established by the state in July 1998 on the basis of the former China Petrochemical Corporation, and further incorporated as a limited liability corporation in August 2018. A super large petroleum and petrochemical group, Sinopec Group has a registered capital of 326.5 billion yuan with the board chairman of Sinopec Group serving as its legal representative. It exercises the investor's rights to the related state assets owned by its full subsidiaries, controlled companies and share-holding companies, including receiving returns on assets, making major decisions and appointing managers. It operates, manages and supervises state assets according to related laws, and shoulders the corresponding responsibility of maintaining and increasing the value of state assets.
Principal businesses of Sinopec Group include industrial investment and investment management; petroleum and natural gas exploration, production, storage and transportation (including pipeline transportation), sales and comprehensive utilization; coal production, sales, storage and transportation; oil refining; storage, transportation, wholesale and retail of oil products; production, sales, storage, transportation of petrochemical products, gas-based chemicals, coal chemical products and other chemical products; production, sales, storage and transportation of energy products such as new energy and geothermal energy; design, consulting, construction and installation of petroleum and petrochemical engineering projects; overhaul and maintenance of petroleum and petrochemical equipment; R&D, manufacturing and sales of electrical and mechanical equipment; production and sale of electricity, steam, water and industrial gas; research, development, application and consulting services of technology, e-commerce, information and alternative energy products; import & export, including import and export agency business of self-support products and commodities and technologies; foreign project contracting, bidding and purchasing, and labor export; international storage and logistics business.
Sinopec Group is the largest oil and petrochemical products suppliers and the second largest oil and gas producer in China, the largest refining company and the third largest chemical company in the world. Its total number of gas stations ranks the second place in the world. Sinopec Group ranked the 2nd on Fortune's Global 500 List in 2019.
Key Facts
Auditor
Public Listing
Domicile
HQ/Management
Location of Key Operations
IR Contact
Pricewaterhousecoopers Zhong Tian LLP
IPO (October 18, 2000)
China
Chaoyang, Beijing, China
Internal
Analyst Coverage
Latest News
April 6, 2021: FORM 2 - CORPORATE SUBSTANTIAL SHAREHOLDER NOTICE
March 31, 2021: FORM 2 - CORPORATE SUBSTANTIAL SHAREHOLDER NOTICE
March 31, 2021: FORM 2 - CORPORATE SUBSTANTIAL SHAREHOLDER NOTICE
March 29, 2021: FORM 2 - CORPORATE SUBSTANTIAL SHAREHOLDER NOTICE
March 26, 2021: Annual Results for the Year Ended 31 December 2020
March 26, 2021: CONNECTED TRANSACTIONS ACQUISITION OF TARGET ASSETS
March 26, 2021: Estimated Increase in Profit for the First Quarter of 2021
March 26, 2021: PROPOSED CHANGE IN AUDITORS
March 26, 2021: PROPOSED ELECTION OF DIRECTORS OF THE EIGHTH SESSION OF THE BOARD AND SUPERVISORS OF THE EIGHTH SESSION OF THE BOARD OF SUPERVISORS
March 26, 2021: Sustainability Report
March 23, 2021: Sinopec Signs Long-term Liquefied Natural Gas Deal of 2 Million Tons per Annum with Qatar Petroleum
March 11, 2021: Sinopec Accelerates Hydrogen Energy Development to Build World-leading Clean Energy Chemical Company
January 18, 2021: China Petroleum and Chemical Corporation -- Moody's announces completion of a periodic review of ratings of China Petroleum and Chemical Corporation
January 5, 2021: Sinopec Group Overseas Development (2018) Ltd -- Moody's assigns A1 to USD notes guaranteed by Sinopec