China Petroleum & Chemical Corporation (abbreviation Sinopec Group) is the July 1998 reorganization of the State in former China Petrochemical Corporation, established on the basis of large petroleum and petrochemical enterprise group, is a state-owned company set up by the State-owned, state-authorized investment institutions and state holding company. Companies registered capital of 231.6 billion yuan, chairman of the legal representative, headquartered in Beijing.
China Petroleum & Chemical Corporation its wholly-owned, state-owned assets related to holding enterprises, shareholding enterprises benefit from the exercise of the assets, major decisions, choose managers and other investors the power of state-owned assets management, administration and supervision according to law, and accordingly bear increasing the value of responsibility. Holding company of China Petroleum & Chemical Corporation has in October 2000 and August 2001 issue of H shares and A shares in overseas or domestic, and listed in Hong Kong, New York, London and Shanghai.
China Petroleum & Chemical Corporation's main business scope includes: industrial investment and investment management; oil and gas exploration, exploitation, storage and transportation (including pipeline transportation), sale and utilization; coal production, sales, storage and transportation; oil refining ; refined oil storage, transport, wholesale and retail; petrochemical, natural gas, coal chemical and other chemical products production, sale, storage, transportation; new energy, geothermal energy production, sale, storage, transportation; petroleum and petrochemical exploration engineering, design, consulting, construction, installation; petroleum and petrochemical equipment maintenance, maintenance; mechanical and electrical equipment R & D, manufacturing and sales; production and sales of electricity, steam, water and industrial gases; technology, e-commerce and information, alternative energy products research, development, application, consulting services; import and export agent related goods and technology; foreign project contracting, bidding, labor export; international warehousing and logistics business.
China Petroleum & Chemical Corporation ranked No. 2 in 2015, "Fortune" Global 500 companies.
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