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October 09, 2015 11:24 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, engages in the oil and gas, and chemical operations and businesses in the People’s Republic of China. It operates through Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others segments. The company explores and develops oil fields, and produces and sells crude oil and natural gas; processes and purifies crude oil into refined petroleum products; and manufactures and sells petroleum products. It also owns and operates oil depots and service stations; and distributes and sells refined petroleum products, such as gasoline and diesel through wholesale ...

No. 22 Chaoyangmen North Street

Chaoyang District

Beijing,  100728


Founded in 2000

358,571 Employees


86 10 5996 0028


86 10 5996 0386

Key Executives for China Petroleum & Chemical Corp.

President, Executive Director, Member of Strategic Committee and Member of Social Responsibility Management Committee
Age: 59
Total Annual Compensation: $912.0K
Senior Vice President, Executive Director and Member of Strategic Committee
Age: 50
Total Annual Compensation: $914.0K
Senior Vice President, Executive Director and Member of Strategic Committee
Age: 58
Total Annual Compensation: $914.0K
Senior Vice President, Executive Director and Member of Strategic Committee
Age: 51
Total Annual Compensation: $908.0K
Compensation as of Fiscal Year 2014.

China Petroleum & Chemical Corp. Key Developments

Sinopec Announces Earnings Results for the First Half Year of 2015

Sinopec announced earnings results for the first half year of 2015. The company realized operating profit of CNY 39.3 billion in the first half of 2015, down 12.4% year on year. Net profit attributable to shareholders was CNY 24.4 billion, down 22.3%. Earnings per share were CNY 0.202. During the first half, the company realized operating income of CNY 15.3 billion, up 57%.

Sinopec Intends to Pay Interim Dividend

The board of directors Sinopec intended to pay interim dividend of JPY 0.09 per share, and the total cash dividend may reach JPY 10.9 billion, up 3.7% from a year earlier.

China Petrochemical (Sinopec) to Acquire Stake in SIBUR

China Petrochemical Corporation (Sinopec) has entered into an agreement to acquire a stake in PJSC SIBUR Holding. The transaction is expected to close by December 1, 2015. The transaction will allow Sinopec to expand its petrochemical business overseas.

Recent Private Companies Transactions

September 3, 2015
Public Joint-Stock Company SIBUR Holding
August 26, 2015
Sinopec Beijing Jingtian Engineering and Construction Co., Ltd
June 10, 2015
Caspian Investments Resources Ltd.

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