About Sinopec
Sinopec, officially known as China Petrochemical Corporation, is the world’s largest oil refining conglomerate and the second highest‑revenue company globally, trailing only Walmart. Headquartered in Beijing, the state‑owned enterprise operates an integrated value chain that spans upstream exploration and production, midstream refining and petrochemical manufacturing, downstream marketing and retail, as well as LNG and energy trading. Sinopec’s upstream arm explores and produces crude oil and natural gas across China’s major basins, while its downstream network refines these resources into gasoline, diesel, jet fuel, lubricants, and a broad portfolio of petrochemical feedstocks. The company’s petrochemical division produces plastics, synthetic rubber, methanol, ammonia, and fertilizers, positioning it as a key supplier to global manufacturing and consumer markets. In addition to conventional hydrocarbons, Sinopec is expanding into renewable energy, investing in biofuels, hydrogen, and carbon‑capture technologies to align with China’s sustainability goals. The firm’s business model leverages state support, massive scale, and advanced technology to maintain a competitive edge, offering integrated solutions from raw material extraction to finished consumer products. Sinopec serves a diverse customer base that includes industrial manufacturers, airlines, logistics providers, and retail fuel stations, delivering both B2B and B2C services. Its key differentiators are a fully integrated supply chain, significant capital resources, and a strong commitment to innovation and environmental stewardship, which together secure its dominant position in the global energy and chemical markets.
Company facts
- Industry
- Oil & Gas
- Sub-industries
- Upstream Exploration & Production, Midstream Refining & Petrochemicals, Downstream Marketing & Retail, LNG & Energy Trading, Chemical Production, Renewable Energy, Environmental Services
- Location
- Beijing, China
- Employees
- ≥100K
- Revenue (USD)
- ≥100B
- Founded
- 2000
Products and services
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