Does China own Sinopec?
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China Petroleum & Chemical (Sinopec) is a core subsidiary of China Petrochemical, or Sinopec Group. The parent falls under the purview of China’s State Council. Sinopec is one of the world’s largest oil companies. It dominates the domestic oil and gas business alongside state-owned PetroChina.
Which country owns Sinopec?
China
China Petroleum & Chemical Corporation (中国石油化工股份有限公司) or Sinopec (simplified Chinese: 中国石化; traditional Chinese: 中國石化; pinyin: Zhōngguó Shíhuà), is a Chinese oil and gas enterprise based in Beijing. It is listed in Hong Kong and also trades in Shanghai and New York.
What oil companies are owned by China?
CNOOC, Shaanxi Yanchang, and Sinochem are also among the largest oil producers in China.
- China National Petroleum Corporation. Founded: 1988. Headquarters: Beijing2.
- Sinopec. Founded: 1983.
- China National Offshore Oil Corporation. Founded: 1982.
- Shaanxi Yanchang Petroleum. Founded: 1905.
- Sinochem Group. Founded: 1950.
Does China have access to oil?
Over the past few decades, China has steadily and dramatically increased its oil imports as well as is refining capacity. As a result, China is now the world’s largest importer and second largest refiner of oil, helping reshape global energy markets.
How many gas stations does Sinopec?
Sinopec had the highest number of service stations in China, with 30,702 stations in 2019.
Is SPC and Sinopec same?
Profile. SPC is one of the largest integrated refined petroleum and petrochemical product manufacturer in China, with around 2-3% share in the domestic market. China Petroleum & Chemical Corporation (Sinopec, Bloomberg ticker: 386 HK) is the parent of SPC, holding a 50.44% stake in the company.
Who is the CEO of Sinopec?
Yequan Chen is the President and CEO for Sinopec Tech Houston LLC., (referred to as STHC ). Dr. Chen’s responsibilities include overseeing the business vision, strategy, and the complete stewardship of our Research and Development (R&D) company.
Is Sinopec a multinational corporation?
Sinopec Group ranked the 2nd in the Fortune Global 500 List in 2020, with revenue over US$407 billion. In the 2020 Forbes Global 2000, Sinopec was ranked as the 60th largest public company in the world….China Petrochemical Corporation.
| Headquarters in Beijing | |
|---|---|
| Total assets | ¥ 1,755 billion (2019) |
| Total equity | ¥ 739 billion (2019) |
Who is the biggest oil company in the US?
ExxonMobil
ExxonMobil is currently topping the list of the biggest oil companies in the USA and one of the world’s largest oil companies by production. It is the largest publicly traded international energy company and uses technology and innovation to help meet the world’s growing energy needs.
What sells Sinopec?
China Petroleum & Chemical Corp. engages in the exploration, development and production of crude oil and natural gas. It operates through the following segments: Exploration and Production; Refining; Marketing and Distribution; Chemicals; and Corporate and Others.
How many countries is Sinopec?
Sinopec has over 51 overseas oil and gas exploration and production projects in 25 countries, including Canada, Angola, the U.S., Cameron, Qatar, Russia, and Egypt.
How many employees does Sinopec have?
China Petroleum and Chemical Corporation (Sinopec) employed 384,065 people in 2020.