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China Petroleum and Chemical Corporation Limited

Chinese petroleum refiners
unfoldThree entries with the same name
synonymSinopec(State-owned energy and chemical company) generally refers to China Petroleum and Chemical Corporation Limited
China Petroleum and Chemical Corporation Limited (hereinafter referred to as "Sinopec") is a subsidiary company of China Petroleum and Chemical Corporation, which is wholly owned by the state. [1] Sinopec's largest shareholder -- China Petroleum and Chemical Corporation It was implemented in July 1998 in accordance with the CPC Central Committee Petrochemical industry The deployment of strategic reorganizations in the original China Petroleum and Chemical Corporation On the basis of reorganization and establishment, are state-owned companies funded by the State, state authorized investment institutions and State holding company . [2] Sinopec is an upper, middle and downstream integration, prominent oil and petrochemical main business, with a relatively complete sales network, listed at home and abroad Joint-stock enterprise . Sinopec was established by China Petroleum and Chemical Corporation under the" Company Law of the People's Republic of China As a joint-stock enterprise established on February 25, 2000 by means of exclusive initiation, the company gives full play to the unique political advantages of state-owned enterprises and firmly becomes a national economic security, Energy security A powerful defender of... [3]
China Petroleum and Chemical Corporation in 2019 Fortune Fortune 500 Ranked 2nd among enterprises, and still ranked 2nd among Fortune Global 500 Enterprises in 2020, Fortune China Top 500 Enterprises in 2019, ranked 1st in 2020 Sinopec No. 1 again. [6-11]
Company name
China Petroleum and Chemical Corporation Limited
Foreign name
China Petroleum and Chemical Corporation
industry
Petroleum petrochemical
Establishment time
25 February 2000
Legal representative
Zhang Yuzhuo 12 - [13]
Headquarters location
Peking
Business scope
petroleum Development, exploitation, Pipeline transportation , Chemical fiber
Type of company
Central enterprise
Company slogan
To become a world-class energy and chemical company [14]
Annual turnover
3, 318.168 billion yuan (2022)
Number of employees
446,225 people (2019) [4]
Official website
http://www.sinopec.com/
Abbreviated form
China Petrochemical, Sinopec
Unified social credit code:
91110000710926094P
Organization Code:
710926094
Registration Number:
100000000032985
Business status:
Start business
Company Type:
Other companies limited by shares (listed)
Date of establishment:
25 February 2000
Legal representative:
Ma Yongsheng
Business term:
25 February 2000
Registered capital:
11,989,640.746 million (RMB)
Audit/Annual Inspection Date:
September 18th, 2023
Registration authority:
Beijing Municipal Administration of Market Supervision
Company Address:
22 Chaoyang Men North Street, Chaoyang District, Beijing
Business scope:
Bottled gas business (limited to licensed branches); Safety management of hazardous chemicals production, oil and gas exploration, development and production (limited to the operation of branches that have obtained safety production licenses); Railway transport; Port operation; Production, wholesale and retail of edible salt (limited to the operation of branches that have obtained licenses, but not in this city); Food additive manufacturing (limited to foreign branch operations); Insurance agency business (limited to outport branches); Insurance brokerage business (limited to foreign branches); Accommodation (operated by outport branches only); Catering service (limited to foreign branches); Thermal power generation (not operated in this municipality); Power supply (limited to branch offices); Power generation, transmission and supply business; Operation of hazardous chemicals (limited to the operation of branches that have obtained the operation license of hazardous chemicals); Oil and gas exploration; The exploitation of oil (the exploitation area and the validity period shall be subject to the license); Retail pre-packaged food, bulk food, dairy products (including infant formula powder) (limited to the branch that has obtained the food circulation license), health food (limited to the branch that has obtained the food circulation license); Retail sales of cigarettes and cigars (limited to branches that have obtained tobacco monopoly retail licenses); Retail of books, newspapers, periodicals, electronic publications, audio and video products; Road transport (limited to branch operations, the scope of business is subject to the road transport business license); Petroleum refining; Production, sale and storage of heavy oil, rubber and other petrochemical raw materials (excluding hazardous chemicals) and products; Daily necessities convenience store operation; Lottery sales agents, entrusted agents to collect water and electricity fees, ticket agency services; Designing, producing, acting and publishing advertisements; Car washing service; Manufacture, supervision and installation of petroleum and petrochemical machinery and equipment; Petroleum and petrochemical raw and auxiliary materials, equipment and parts procurement and sales; Research, development, application and consulting services of technology and information, alternative energy products; Contracting overseas mechanical and electrical and petrochemical industry projects and domestic international bidding projects; Automobile maintenance and decoration service; Coastal engineering support operations; Oil spill emergency, safety guard, ship pollution removal operations; Professional technical services in quality inspection technical services, environmental and ecological testing services; Cargo transport agency; Exploration, development, storage and transportation, pipeline transportation and sales of shale gas, coal bed gas, shale oil, combustible ice and other resources (not operated in this Municipality); Electric power technology development and service; Installation and maintenance of electric power facilities (limited to branch operations); Sales of furniture and building decoration materials (limited to outside branches); Family labor service (limited to branch offices outside the city); Warehousing services (only for outport branches); Lease of gas storage facilities (limited to outport branches); Rental of commercial and office premises; Car rental (excluding buses with more than nine seats); Machinery and equipment leasing; Import and export of goods; Agent for import and export; Technology import and export. Sales of lubricating oil, fuel oil, asphalt, textiles, clothing, daily necessities, hardware, household appliances and electronic products, recharge cards, cultural, sporting goods and equipment, automobiles, motorcycles and spare parts, motor vehicle charging, batteries, new energy vehicle replacement facilities. (Market entities independently choose business projects and carry out business activities in accordance with the law; Power generation, transmission, power supply business and projects subject to approval according to law, and carry out business activities in accordance with the approved contents after approval by relevant departments; They shall not engage in business activities of items prohibited and restricted by the national and municipal industrial policies.
Business partner

Development course

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EDITOR
In December 2021, the 1000th Sinopec building Charging station The 1,000th block Distributed photovoltaic power generation Site - Sinopec Guangdong Petroleum Guangzhou Jinlong Comprehensive energy Service Station officially invested, marking that Sinopec has reached the charging power station and distributed photovoltaic power generation station "double 1000" in advance Annual target . [17]
August 12, 2022, Sinopec announcement, Notice New York Stock Exchange The company will be based on 1934 United States Securities exchange act (as amended) provides that the application will be voluntary American depositary shares Delisted from the NYSE. [25]
On October 3rd, 2022, China Petrochemical Industry stock in Hkex (Hong Kong Stock Exchange) Announcement that the Company has applied to withdraw its American Depositary shares Global depositary Receipts In the form of UK Financial Conduct Authority Criteria for an official list Listed sector Listed and in London Stock Exchange Main board market Deal. [28]
On January 17, 2023, Sinopec deployed in Sichuan Province Bazhong City The city Bazhou District The point of... Preliminary exploration well Bazhong 1HF well is a river channel in the Jurassic Liangshan Formation sandstone reservoir a Nissan Oil 126 cubic meters, gas 57,700 cubic meters of high production Industrial oil flow This is the first time that the reservoir has been tested for a stable oil flow with a high yield of over 100 cubic meters, which further reveals Sichuan basin Condensate gas reservoir - volatility Oil reservoir It has a good exploration prospect and opens up a new position for increasing reserves and production. [32]
On March 26, 2023, Sinopec (600028) disclosed its annual report, the company's 2022 net profit decreased by 6.89%, and disclosed the 2023 annual plan to issue A-shares to specific objects, intending to issue shares to the company's controlling shareholder Sinopec Group to raise no more than 12 billion yuan. [33]
On August 21, 2023, according to the "Sinopec" public number, Sinopec's "Deep Earth Project · Sichuan-Chongqing Natural Gas Base" has made a major breakthrough. The proven geological reserves of 30.55 billion cubic meters in the first phase of Bazhong Gas field submitted by the exploration company have been approved by the Oil and Gas Reserves Review Office of the Ministry of Natural Resources, marking that Sinopec has added a new gas field in the Sichuan Basin. [38]
On October 17, 2023, during the third "Belt and Road" International Cooperation Summit Forum, Sinopec and the Kazakh Oil Management Commission signed an investment agreement on Kazakhstan Polyethylene Project Company, according to the agreement, Sinopec will get 30% equity from Kazakh oil and other partners to participate in Kazakhstan's largest polyethylene project. [39]

Operating benefit

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EDITOR
China Entrepreneur Association The "2015 Top 500 Chinese Enterprises List" was released, and Sinopec ranked first for the 11th consecutive year with a total revenue of 2.89 trillion yuan. petrochina , State Grid The total revenue of 2.73 trillion yuan and 2.09 trillion yuan respectively ranked second and third. [5]
Sinopec released 2019 annual report Performance report , company realization turnover Et cetera Operating income for RMB 2.97 trillion yuan, Year-on-year growth 2.6%, a record high; According to China Business accounting standards , company realization Operating profit Is RMB 90 billion, which belongs to the shareholders of the parent company Net profit For RMB57.6 billion and basic earnings per share of RMB0.476, the board of Directors recommended a final dividend of RMB0.19 per share.
In 2019, domestic inventions Number of patents granted Sinopec ranked second in China with 2,883 cases. [4]
In 2021, the recovery of international oil and gas demand and the sharp rise in prices made Sinopec's net profit 71.2 billion yuan, an increase of 114% year-on-year, a ten-year high. [20]
In 2023, according to the International financial Reporting Standards, Sinopec achieved an operating income of 3.21 trillion yuan; Operating income was 86.828 billion yuan, up 14.5% year-on-year; Profit attributable to shareholders of the company was 58.31 billion yuan; Earnings per share were 0.487 yuan. In accordance with Chinese accounting standards for Business enterprises, net profit attributable to shareholders of the parent company was RMB60.463 billion; Basic earnings per share were RMB0.505. In 2023, the company achieved operating cash flow of 161.475 billion yuan, an increase of 38.9%. [45]

Cooperative project

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EDITOR
On March 8, 2022, China Petrochemical Corporation and Saudi Arabia The oil company (referred to as "Saudi Aramco") signed Memorandum of understanding According to the memorandum, the scope of cooperation includes Sinopec's existing refining and chemical industry and the future Expansion project The two sides will give full play to their advantages and further strengthen long-term cooperative relations. At the same time, the two sides will work together to optimize the joint venture Fujian United Petrochemical Co., LTD The operation of... [19]
On November 21, 2022, Sinopec and Qatar Energy Company Signed for 27 years Liquefied natural gas (LNG) long-term purchase and sale agreement. [30]
On November 4, 2023, Sinopec and Qatar Energy signed a cooperation agreement, including a 27-year LNG long-term agreement and participation in cooperation projects, which will further improve the domestic natural gas supply guarantee capacity. [40]
On March 26, 2024, Sinopec and Total Energy signed a Cooperation Framework agreement (HoA) in Beijing to jointly produce sustainable aviation fuel (SAF) from waste oil and grease at a Sinopec refinery with an annual production capacity of 230,000 tons, and the new production line will be jointly operated by Sinopec and Total Energy. [46]

Corporate executive

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EDITOR
Ma Yongsheng: Chairman and Secretary of the Party Leadership Group of China Petroleum and Chemical Corporation Limited
Zhao Dong: Director, General Manager and Deputy Secretary of the Party Leadership Group of China Petroleum and Chemical Corporation Limited
Yu Baocai: Member of Party Group and Deputy General Manager of China Petroleum and Chemical Corporation Limited
Jiang Liangping: Member of the Party Leadership Group and leader of the Discipline inspection and Supervision Group of China Petroleum and Chemical Corporation Limited
Zhang Shaofeng: Member of Party Group and Chief accountant of China Petroleum and Chemical Corporation Limited
Li Yonglin: Member of Party Group and deputy General Manager of China Petroleum and Chemical Corporation Limited
Lv Lianggong: Member of Party Group and Deputy General Manager of China Petroleum and Chemical Corporation Limited [34]
Niu Shuan Wen: Senior Vice President of China Petroleum and Chemical Corporation Limited [37]

Social activity

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EDITOR
  • The group company held a New Year party
The golden pig announced the old year, Jade rat Welcome the blessing of spring. On January 19, 2020, the Group company held the Spring Festival New Year greeting party Chairman, Party secretary Zhang Yuzhuo delivered a speech, and led the team members of the company to the whole system of old leaders and old comrades, the majority of cadres, employees and families to pay New Year's greetings and best wishes to everyone. Ma Yongsheng Host the party. Yu Baocai, Jiang Liangping , Liu Hongbin, Zhao Dong , Ling Yiqun Li Yong, Lei Dienwu and Chen Ge attended [15] .
  • Sinopec held its first overseas cloud Open Day
On September 11, 2020, Sinopec held the "Sinopec in Saudi Arabia "Cloud Open Day event. Activity ends with" Cheer for a better life Through the lens, the multi-angle and all-round display of Sinopec's sustainable development process in Saudi Arabia [16] .
  • Ten social responsibility demonstration projects
In August 2022, Sinopec released the "Top Ten" for the first time Social responsibility Demonstration Projects ", including: · Fuling Shale gas Green energy Project, million tons CCUS Green action ," Chauffeur's home "And" Love station "One County, One Chain" industry support project, Guangming "Health Express public welfare project," Warm Station "public welfare activities," Egret Garden "green factory ecological protection project," Niukouyu Wetland "ecological protection project," Xiongxian model Geothermal clean heating project, "Public Open Day" project. [24]

Honor received

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EDITOR
In December 2021, Sinopec (wechat public number) was praised by the Central Network Information Office and selected to go well Online mass line A list of 100 outstanding accounts [31] .
On January 28, 2022, the National Development and Reform Commission and other departments issued the 2021 (28th batch) new identification and all countries Enterprise technology center The list of notices shows: the enterprise technology center has National Enterprise Technology Center qualification . [18]
On April 13, 2022, Shengli Oil production Plant, Shengli Oilfield Branch, Sinopec Oil production management Zone III injection production station 304, China Petroleum and Chemical Corporation Qilu branch second fertilizer plant Gas combined workshop, China Petroleum and Chemical Corporation Dalian Petrochemical Research Institute Environmental protection Institute Catalytic combustion Squad selection 2022 National Worker Pioneer Public list of objects to be commended. [21]
2022, selected Forbes 2022 Top 2000 global Enterprises The list, at number 45. [22]
In July 2022, it ranked No. 1 on the Fortune China 500 List in 2022, with a revenue of 2,740,884 million yuan. [23]
In August 2022, Selected in the "2022 Top 500 Chinese Brands", ranked second. [27]
In August 2022, he was selected in the" The World's top 500 brands in 2022 "List, at number 11. [29]
In June 2023, it was selected as the 32nd on the Forbes Global 2000 list published by Forbes in 2023 Rank #. [35]
In July 2023, the 2023 Fortune China Top 500 Listed Companies list was announced, and China Petroleum & Chemical Co., LTD. 's revenue was 3,318.168 billion yuan, ranking first. [36]
In December 2023, it was selected as one of the top ten "Chinese ESG Model" enterprises . [41]

Intellectual property

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EDITOR
On January 13, 2024, according to the announcement of the State Intellectual Property Office, China Petroleum and Chemical Corporation has obtained a project entitled "Method and System for the Production of Gasoline Blended Oil using Carbon Five Pumped Oil", authorized announcement number CN114763493B, the application date is 2021 1 month [43] .
On February 9, 2024, SINOPEC obtained a new invention patent authorization, patent named "a mechanical downward pressure gate valve opening and closing device", patent application number is CN202011491201.8. [44]

Public welfare undertakings

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EDITOR
On September 8th, 2022, Sichuan Charity Federation Received a donation of 50 million yuan from China Petroleum & Chemical Corporation Limited. [26]
On December 21, 2023, Sinopec announced its decision to Gansu (Province) , Qinghai (Province) A donation of 30 million yuan was made to support rescue and reconstruction work in the quake-hit areas. [42]