China Petrochemical Corporation
Encyclopedia
China Petrochemical Corporation or Sinopec Group is Asia
's largest oil refining and petrochemical
enterprise
, administered by SASAC for the State Council of the People's Republic of China
. It is headquartered at Chaoyangmen
wai in Beijing
, across the road from the headquarters of competitor CNOOC Group.
Sinopec Group ranked first in the Top 500 Enterprises of China
in 2007, with its annual revenue
over 1 trillion Chinese Yuan
.
, China Petroleum and Chemical Corporation Limited, commonly referred to as "Sinopec
Limited", is listed on the Hong Kong Stock Exchange
and the Shanghai Stock Exchange
.
Asia
Asia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area and with approximately 3.879 billion people, it hosts 60% of the world's current human population...
's largest oil refining and petrochemical
Petrochemical
Petrochemicals are chemical products derived from petroleum. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sources such as corn or sugar cane....
enterprise
Business
A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...
, administered by SASAC for the State Council of the People's Republic of China
State Council of the People's Republic of China
The State Council of the People's Republic of China , which is largely synonymous with the Central People's Government after 1954, is the chief administrative authority of the People's Republic of China. It is chaired by the Premier and includes the heads of each governmental department and agency...
. It is headquartered at Chaoyangmen
Chaoyangmen
Chaoyangmen is the name of a gate in the former city wall of Beijing. It is now a transportation node and a district border in Beijing. It is located in the Dongcheng District of northeastern central Beijing....
wai in Beijing
Beijing
Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...
, across the road from the headquarters of competitor CNOOC Group.
Sinopec Group ranked first in the Top 500 Enterprises of China
Top 500 Enterprises of China
The Top 500 Enterprises of China is a ranking of the top enterprises in the People's Republic of China created by the Chinese Federation of Enterprises . The top ranking company in 2005 was China Petrochemical Corporation, also known as Sinopec....
in 2007, with its annual revenue
Revenue
In business, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. In many countries, such as the United Kingdom, revenue is referred to as turnover....
over 1 trillion Chinese Yuan
Chinese yuan
The yuan is the base unit of a number of modern Chinese currencies. The yuan is the primary unit of account of the Renminbi.A yuán is also known colloquially as a kuài . One yuán is divided into 10 jiǎo or colloquially máo...
.
Subsidiaries
Its major subsidiarySubsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
, China Petroleum and Chemical Corporation Limited, commonly referred to as "Sinopec
Sinopec
China Petroleum & Chemical Corporation Limited , or Sinopec Limited , is a majority owned subsidiary of state owned company Sinopec Group. Sinopec Limited is listed in Hong Kong and also trades in Shanghai and New York ....
Limited", is listed on the Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
and the Shanghai Stock Exchange
Shanghai Stock Exchange
The Shanghai Stock Exchange , abbreviated as 上证所/上證所 or 上交所, is a stock exchange that is based in the city of Shanghai, China. It is one of the two stock exchanges operating independently in the People's Republic of China, the other is the Shenzhen Stock Exchange...
.