China Petroleum & Chemical Corporation
News and overview for China Petroleum & Chemical Corporation
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Company Overview
| Company: | China Petroleum & Chemical Corporation |
|---|---|
| Industry: | Oil & Gas Refining, Marketing & Distribution |
| Website: | http://www.sinopec.com.cn |
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
| Sales in U.S. Dollars (mil.) | 211,861.5 (2008) |
|---|---|
| One-year % Growth in Sales | 28.6 (2008) |
| Net Income in U.S. Dollars (mil.) | 3,822.6 (2008) |
| One-year % Growth in Net Income | -50.5 (2008) |
| Number of Employees | 358,304 (2008) |
| One-year % Growth in Number of Employees | 7.2 (2008) |
| Fiscal Year-End | December |