Top 10 Companies in the World 2017

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2. Sinopec

China Petroleum and Chemical Corporation is a Chinese energy and chemical company established in the year 1998.

Image: Wikimedia

The scope of the company’s business covers oil and gas and a wide range of chemicals, and the company is state owned, and has a registered capital of $30 billion. The company is presently known as Sinopec Corporation, and is a listed market on both domestic and international markets.

The firm went public in February 2000, when it issued $16.78 billion shares in 2000. Shares were simultaneously issued in Hong Kong, New York and London stock exchanges. At present, the company’s 76% of the ownership lies with the Sinopec Group, while international and domestic investors own 19% and 5% of the company’s ownership.

China Petroleum and Chemical Corporation is the largest supplier and producer of petrochemical products and refined oil products. The firm is China’s second largest crude oil producer. Sinopec currently has more than 100 subsidiaries, which are engaged in a wide range of activities which include oil and gas exploration, refining, production, research and marketing of petrochemical and other related chemical products. Sinopec is also involved in foreign trade. The product portfolio of Sinopec includes polymers, synthetic fibers, resins, gasoline, jet fuel, fertilizers, diesel etc. The principal market of Sinopec includes the Eastern, Southern and Central regions of China. The company’s core competence lies in the petrochemical industry, and is a fully integrated company that incorporates upstream, midstream and downstream operations as well. The current CEO of the company is Fu Chengyu and currently employs more than 350,000 employees.

Sales ($Bn): 255.7

Profits ($Bn): 7

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