China Petrochemical Corporation
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China Petrochemical Corporation News
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China Petrochemical Corporation (Chinese: 中国石油化工集团公司; pinyin: zhōngguóshíyóuhuàgōngjítuángōngsī ) or Sinopec Group is the world's largest oil refining, gas and petrochemical conglomerate, administered by SASAC for the State Council of the People's Republic of China. It is headquartered at Chaoyangmenwai in Beijing, across the road from the headquarters of fellow state-owned oil company and competitor CNOOC Group.
Sinopec Group ranked the 2nd in the Fortune Global 500 List in 2020, with revenue over US$407 billion. In the 2020 Forbes Global 2000, Sinopec was ranked as the 60th largest public company in the world.
According to the Fortune Global 500 list in 2021, Sinopec was the largest energy company in the world by revenue, the largest state-owned enterprise in both China and the world, and second largest company in the world in terms of revenue, behind only American retail store chain Walmart.
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- Slug: china-petrochemical-corporation
- Added: Jul 20, 2024