China Petroleum & Chemical Corporation Class A
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- China Petroleum & Chemical Corporation China Petroleum & Chemical Corporation (Sinopec Corp.) operates as one of China's largest integrated energy and chemical companies, encompassing upstream exploration and production of petroleum and natural gas; midstream pipeline transportation, storage, and sales; downstream refining of crude oil into gasoline, diesel, jet fuel, and other products; production of petrochemicals including ethylene, paraxylene, synthetic fibers, coal chemicals, and other commodities; import and export agency services for petroleum, natural gas, refined products, and technologies; and research, development, and application of energy-related innovations. The company maintains the largest refining capacity and ethylene production in China, alongside a dominant refined oil products sales network, serving industrial, commercial, and retail customers primarily in eastern, southern, and central China, with global operations spanning Asia, Europe, North America, Africa, and the Middle East through subsidiaries and partnerships. Founded on February 25, 2000, and headquartered at No. 22 Chaoyangmen North Street in Beijing's Chaoyang District, Sinopec Corp. functions as a publicly listed subsidiary of state-owned China Petrochemical Corporation (Sinopec Group), with A shares trading on the Shanghai Stock Exchange (600028.SS) and H shares on the Hong Kong Stock Exchange. Recent developments include signing $40.9 billion in purchase contracts at the 2025 China International Import Expo with 34 partners across 17 countries for crude oil, chemicals, equipment, and consumer goods, advancing green technologies and digital integration; initiating upgrades to its Xinjiang Tahe refining and petrochemical project to expand crude processing from 5 million to 8.5 million tons annually by 2029, adding ethylene and paraxylene units; and its subsidiary Sinopec Shanghai Petrochemical announcing a $2.91 billion overhaul to enhance ethylene capacity to 1.20 million tons per year while decommissioning outdated units for improved efficiency and sustainability.
Company News
China oil demand to fall 8.9% in 2026, Sinopec research says
New Sinopec boss presses reset for world's biggest oil refiner
Chinese refiner Sinopec to boost oil imports from outside the Gulf
Sinopec's half-year profit grew 19.3% on year despite Iran war, falling demand
China's Sinopec establishes four business units in major overhaul, officials say
Sinopec deepens aviation fuel push with CNAF restructuring
Allied Biofuels Signs FEED + Detailed Engineering Contract with Rollover to EPC with Sinopec Engineering Group for US$6.1 Billion SAF and e-SAF Project in Uzbekistan
China's Sinopec books major reserves in ultra-deep shale gas find
Sinopec's Ziyang Dongfeng Shale Gas Field Reports Proven Reserve of 235.687 Billion Cubic Meters
Sinopec Launches "Fenghuo" Industrial AI Agent: An Industry First That Turns AI into Digital Employees And Domain Experts
Sinopec first-quarter net income up 28% on higher oil prices, stable fuel sales
Sinopec Announced 2025 Annual Results Annual Payout Ratio Reached 81%
China's Sinopec posts 36.8% drop in 2025 net profit on weak petrochemical margins, new energy substitution
Exclusive: Sinopec plans to cut crude runs by over 10% on Mideast supply squeeze, sources say
China Petroleum & Chemical (SNPMF) to Release Earnings on Thursday
FORVIA AND SINOPEC CAPITAL PARTNER TO ACCELERATE HYDROGEN GROWTH IN CHINA
International Geothermal Standard Committee Launched in Beijing with Permanent Secretariat at Sinopec
Sinopec's Fully Biodegradable PBST Material Tackles Residual Mulch Film Challenge in Xinjiang's Cotton Fields
Sinopec Provides 1,000 Books to Cairo University with the Launch of Silk Road Book House - China Bookshelf
Sinopec Hosts "In Search of China-Algeria Youth Cultural Ambassadors" Final Selection and Awards Ceremony in Algiers