CSIMarket
 
China Petroleum and Chemical Corporation  (SNP)
Other Ticker:  
 

China Petroleum and Chemical Corporation

Business Description


China Petroleum and Chemical Corporation (Sinopec) is one of the largest oil and gas companies in China and is ranked as the second-largest oil and gas company globally in terms of revenue. Sinopec is a state-owned enterprise headquartered in Beijing, China.

Established in 2000, Sinopec operates in various sectors including exploration and production, refining, chemicals, marketing, and distribution. The company has a diversified portfolio that encompasses upstream, midstream, and downstream operations, making it an integrated energy company.

Upstream operations involve oil and gas exploration, production, and development. Sinopec has numerous exploration projects both domestically and internationally. Domestically, it operates in areas such as the Tarim Basin, Bohai Bay, Sichuan Basin, and South China Sea. Internationally, Sinopec has acquired interests in projects in countries like Russia, Kazakhstan, Angola, Myanmar, and Ecuador. The company has a significant focus on natural gas exploration and production to meet the growing demand for clean energy.

Sinopec*s downstream operations primarily involve refining crude oil and manufacturing petroleum and chemical products. The company operates refining facilities with a total capacity of more than 6 million barrels per day, making it one of the largest refiners in the world. These refineries produce a wide range of products such as gasoline, diesel, jet fuel, lubricants, and petrochemicals.

Sinopec*s chemical business is a crucial component of its downstream operations. It produces a variety of chemical products, including basic chemical raw materials, synthetic resins, synthetic fibers, synthetic rubber, fertilizers, and fine chemical products. The company has a significant presence in the global petrochemical market and continuously focuses on research and development to improve the quality and efficiency of its products.

In addition to exploration, production, refining, and chemicals, Sinopec operates an extensive marketing and distribution network. It operates more than 30,000 retail service stations across China, making it the largest fuel and retail network in the country. Sinopec also engages in the trading and wholesale of oil and petrochemical products globally.

As a state-owned enterprise, Sinopec plays an essential role in China*s energy industry and contributes significantly to the nation*s economic development. It ensures the stability and security of China*s energy supply, supports the growth of related industries, and promotes technological advancements in the energy sector. Additionally, Sinopec is committed to sustainable development and invests in initiatives to reduce emissions, conserve resources, and promote environmental protection.

Sinopec*s strong financial performance and extensive operations have positioned it as a global industry leader. The company consistently strives for innovation, efficiency, and sustainability while meeting the demands of an energy-hungry world.



View Company Supplier View Company Competition View Company Customers


Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com