January 26, 2015 5:49 AM ET

Oil, Gas and Consumable Fuels

Company Overview of China Petroleum & Chemical Corp.

Company Overview

China Petroleum & Chemical Corporation, an energy and chemical company, through its subsidiaries, is engaged in the oil and gas, and chemical operations in the People’s Republic of China. Its Exploration and Production segment explores and develops oil fields, and produces, and sells crude oil and natural gas. The company’s Refining segment processes and purifies crude oil, and manufactures and sells petroleum products. This segment’s products comprise gasoline, kerosene, diesel, and chemical feedstock. Its Marketing and Distribution segment owns and operates oil departments and service stations; and distributes and sells refined petroleum products, such as gasoline and diesel through wholes...

No. 22 Chaoyangmen North Street

Chaoyang District

Beijing,  100728

China

Founded in 2000

368,953 Employees

Phone:

86 10 5996 0028

Fax:

86 10 5996 0386

Key Executives for China Petroleum & Chemical Corp.

President
Age: 58
Total Annual Compensation: $936.0K
Senior Vice President
Age: 49
Total Annual Compensation: $936.0K
Senior Vice President
Age: 57
Total Annual Compensation: $936.0K
Senior Vice President
Age: 50
Total Annual Compensation: $932.0K
Employee Representative Supervisor
Age: 56
Total Annual Compensation: $517.0K
Compensation as of Fiscal Year 2013.

China Petroleum & Chemical Corp. Key Developments

China Petroleum & Chemical Corp. Announces Unaudited Operational Statistics for the Year 2014

China Petroleum & Chemical Corp. announced unaudited operational statistics for the year 2014. For the period, the company produced oil and gas of 480.12 mmboe, compared to 442.84 mmboe, crude oil of 360.73 mmbbls, compared to 332.54 mmbbls, natural gas of 716.35 bcf, compared to 660.18 bcf, gasoline of 51.22 million tonnes, compared to 45.56 million tonnes, diesel of 74.26 million tonnes, compared to 77.40 million tonnes, kerosene incl. jet fuel of 20.75 million tonnes, compared to 17.43 million tonnes, and light chemical feedstock of 39.18 million tonnes, compared to 37.97 million tonnes, ethylene of 10,699,000 tonnes, compared to 9,980,000 tonnes, synthetic resins of 14,639,000 tonnes, compared to 13,726,000 tonnes, synthetic fibers of 1,315,000 tonnes, compared to 1,392,000 tonnes, synthetic rubbers of 939,000 tonnes, compared to 960,000 tonnes for the last year.

Sinopec Sales To Reportedly Pursue IPO

China Petroleum & Chemical Corp. (SEHK:386) intends to launch an initial public offering (IPO) of Sinopec Sales Co., Ltd. The IPO will be held in Hong Kong, sources disclose. The list will fetch over $5 billion. Foreign media reports that China Petroleum plans to pick advisory banks for the IPO after Chinese Lunar New Year holiday in February, 2015.

China Petroleum & Chemical Corp. Presents at UBS 15th Greater China Conference, Jan-12-2015

China Petroleum & Chemical Corp. Presents at UBS 15th Greater China Conference, Jan-12-2015 . Venue: Pudong Island Shangri-La, Shanghai, China.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 30, 2014
Sinopec Yu Ji Pipeline Company Limited
Merger/Acquisition
September 17, 2014
Taixing Longsheng Fine Chemical Co., Ltd.
Merger/Acquisition
September 17, 2014
Hubei Kingdream Tianxiang Chemical Co., Ltd.
 

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