China Petroleum & Chemical Corp.
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China Petroleum & Chemical (Sinopec) is a core subsidiary of China Petrochemical, or Sinopec Group. The parent falls under the purview of China's State Council.
Sinopec is one of the world's largest oil companies. It dominates the domestic oil and gas business alongside state-owned PetroChina. It develops resources in addition to making petroleum and petrochemical products.
Sinopec Group was founded as a general oil company in 1998, on the basis of the former China Petrochemical Corporation. The parent incorporated Sinopec in 2000; the unit listed on the Hong Kong, London and New York bourses the same year. Sinopec Group controls 70% of the subsidiary's outstanding shares.
The company is China's biggest retailer of gasoline, with 30,000 stations across the country. Sinopec enjoys a robust operating base that is protected by government regulations. Sinopec alone accounts for 60-70% of China's crude oil imports.
To meet China's huge demand for energy, Sinopec actively pursued resource concessions abroad. Under President Xi Jinping, however, it has eased up on such spending. The government is looking to guide the economy onto a slower but more stable growth trajectory.
The company is now focusing on shale gas development in China.
At the same time, it is accelerating management reforms. Privatizing gas stations is one initiative. Yet Sinopec's profitability is far lower than major rivals in the U.S. and Europe, suggesting inefficiencies remain.
In a country grappling with severe air pollution, critics say Sinopec could and should do more to protect the environment.
|Income before tax||87,481.65M||11,165.21M|
|Dividends Per Share||0.33||0.04|
|Operating cash flow||186,671.00M||23,824.66M|
|Currency in HKD||Currency in USD|
|Dec 2015||Dec 2016||Dec 2017||Dec 2018||Dec 2019|
|Income before tax||59,267.51M||82,776.60M||80,914.41M||100,839.66M||87,481.65M|
|Dividends Per Share||0.18||0.28||0.61||0.47||0.33|
|Operating cash flow||201,331.18M||249,965.61M||227,821.14M||220,798.78M||186,671.00M|
|Dec 2015||Dec 2016||Dec 2017||Dec 2018||Dec 2019|
|Income before tax||7,644.88M||10,663.71M||10,383.20M||12,866.23M||11,165.21M|
|Dividends Per Share||0.02||0.03||0.07||0.06||0.04|
|Operating cash flow||25,969.59M||32,201.86M||29,234.76M||28,171.93M||23,824.66M|
- President, General Manager & Executive Director: Yong Sheng Ma
- Chief Financial Officer: Donghua Shou
- Executive Director & Senior Vice President: Yi Qun Ling
- Senior Vice President: Ge Chen
- Non-Executive Director & Senior Vice President: Bao Cai Yu
- GIC Pte Ltd. (Investment Management) (9.0%)
- The Vanguard Group, Inc. (4.6%)
- Schroder Investment Management Ltd. (3.7%)
- BlackRock Fund Advisors (3.2%)
- China State-Owned Assets Supervision & Admn Commission (2.8%)
- Fidelity Management & Research Co. LLC (2.5%)
- Hang Seng Investment Management Ltd. (2.2%)
- Norges Bank Investment Management (2.0%)
- Dimensional Fund Advisors LP (1.7%)
- Schroder Investment Management (Singapore) Ltd. (1.6%)
- Address: 22 Chaoyangmen North Street, Chaoyang District, Beijing, 100728, China
- Phone: +86.10.59960114
- Sinopec Xinjiang Coal Natural Gas Export Pipeline Co. Ltd.
- China Petroleum & Chemical Corp. /3 Subs/
- Sinopec International (Australia) Pty Ltd.
- Sinopec Great Wall Gas Investment Co., Ltd.
- Sinopec Zhongyuan Petroleum Exploration Bureau
- Great Wall Gas
- Sinopec Capital Co., Ltd.
- Sinopec Beihai Refining & Chemical Co., Ltd.
- Sinopec Shanghai SECCO Petrochemical Co., Ltd.
- Sinopec-SK(Wuhan) Petrochemical Co., Ltd.
- Sinopec Shanghai Gaoqiao Petroleum & Chemical Ltd.
- Sinopec Chemical Commercial Holding (Singapore) Pte Ltd.
- Sinopec Refinery Sales (Fujian) Co., Ltd.
- China Petroleum & Chemical Corp. (Jiujiang Branch)
- SINOPEC Fujian Refining & Chemical Co., Ltd.
- Sinopec Geophysical Research Institute
- SINOPEC Research Institute of Petroleum Engineering
- SINOPEC Qingdao Safety Engineering Institute
- SINOPEC Shanghai Research Institute of Petrochemical Technolog
- SINOPEC Fushun Research Institute of Petroleum & Petrochemic
- Sinopec Gansu Oil Products Co.
- Sinopec Qinghai Oil Products Co.
- Sinopec Heilongjiang Oil Products Co.
- SINOPEC Jilin Oil Products Co.
- SINOPEC Xinjiang Oil Products Co.
- Sinopec Shaanxi oil products Co.
- Sinopec Chongqing Petroleum Co.
- SINOPEC Liaoning Oil Products Co.
- SINOPEC Guizhou Oil Products Co.
- SINOPEC Guangxi Oil Products Co.
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- Albemarle Corporation
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- CNOOC Limited
- W R Grace & Co
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- Taiwan Prosperity Chemical Corporation
- Trinseo SA
- TSRC Corporation
- Taiwan Fertilizer Co., Ltd.
- Enauta Participacoes S.A.
- Fuchs Petrolub SE Pref
- Valvoline Inc.
- Zig Sheng Ind. Co., Ltd
- Taiwan Cement Corp.
- ADES International Holding Plc
- Birchcliff Energy Ltd.
- Central Petroleum Limited
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Copyright © 2020 FactSet Research Systems Inc. All rights reserved.Last Updated on 28 Oct, 2020
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