Sinopec

Sinopec

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Sinopec

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Description:
China Petroleum & Chemical Corporation Limited (中国石油化工股份有限公司), or Sinopec Limited (), is a majority owned subsidiary of state owned company Sinopec Group. Sinopec Limited is listed in Hong Kong () and also trades in Shanghai () and New York ().

Sinopec Limited's parent, Sinopec Group, is one of the major petroleum companies in China, headquartered in Chaoyang District, Beijing. Sinopec's business includes oil and gas exploration, refining, and marketing; production and sales of petrochemicals, chemical fibers, chemical fertilizers, and other chemical products; storage and pipeline transportation of crude oil and natural gas; import, export and import/export agency business of crude oil, natural gas, refined oil products, petrochemicals, and other chemicals. In 2011 it ranked as the 5th largest company in sales in Forbes Global 2000.In 2009, it was ranked 9th by Fortune Global 500 becoming the first Chinese corporation to make the top ten and in 2010 it was ranked 7th. In 2007, it ranked first in the Top 500 Enterprises of China ranking.

Corporate history

Sinopec Limited was established as a joint stock entity under the China...
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