Sinopec is also known as China Petrol & Chemical Corporation is based in Beijing, China. It is an Oil and gas company which is listed in Hongkong and trades in New York and Shanghai. Headquartered in Chaoyang district of Beijing, its parents group owns major Petroleum energy and Chemicals companies in China.
In any business, there are several companies & brands which compete with each other by offering similar products & services.
For any company to thrive, it is not only important for them to improve their own products, but to also look at what their competitor is offering.
Below we look at the top 10 competitors of Sinopec.
BP PLC was initially set up as British Petroleum in 1908, and is headquartered in London, England. BP is an oil and gas MNC which aims at environment sustainability along with achieving company’s objective. BP started under the brand name of Anglo Persian Oil Company, and it aimed at the exploration of oil in Iran.
ExxonMobil Corp is an American based company which was formed by the merger of EXXON & Mobil in the year 1999. The company is one of the major player in the field of oil industry. The company has made its presence felt in the world market.
3. Royal Dutch Shell:
Royal Dutch Shell also known as Shell is a multinational energy and petrochemical company headquartered are in The Hague, the Netherlands. It is one of the supermajors (worlds 7 or 8 largest publicly owned oil and gas companies) and one of the largest in terms of revenue. Shell operates in more than 70 countries worldwide and among the largest oil company worldwide.
Total SA is a French based multinational with its presence in Oil and Gas industry. It has been one of the seven largest oil companies in the world. It caters to entire operation right from natural gas and crude oil exploration, production, refining, transportation, trade of the oil and petroleum products as well as its marketing across the globe.
Chevron corporation is a US based multinational energy corporation. It is also involved in natural gas, oil and related activities, geothermal energy etc. As of year 2014 Chevron has been one of the largest oil companies in the world securing third rand in the Fortune 500 list of top public corporation from US and sixteenth rank in Fortune Global 500 list of top companies worldwide.
Headquartered in Houston, Texas, ConocoPhillips is an exploration and production company. They explore and produce crude oil and natural gas globally. Seeing the challenges in the industry the company has revised its operating plan.
Petróleo Brasileiro S.A. — Petrobras, as also known as Petrobras, is a multinational corporation in the field of petroleum industry. It is a semi public held company that operates in the production, transportation, marketing, oil products, electricity, natural gas and many more.
PetroChina is one of the largest Chinese companies in terms of revenue. It’s a key player in in production and distribution of oil and gas in china. It also has its presence in production, development and marketing of crude oil.
Petronas, headquartered in Kuala Lumpur is a Malaysian Natural Oil company which was founded in the year 1974. It is the largest multinational corporation as per Fortune 500. It is one of the most profitable and largest corporation in the world.
Public Joint Stock Company Gazprom in short PAO Gazprom is an oil and gas Russian company. It was founded in the year 1989 and is headquarter in Moscow. It works in the field of natural gas involves in extraction, production, transportation and selling.
To conclude, the above article highlights the various competitors which compete with Sinopec. This understanding helps to evaluate the various external business factors for any company.
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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