Sinopec Group
China’s state-owned petroleum and chemical giant held steady at No. 2 in this year's ranking, even as its profits fell 16.2% to $6.8 billion. Sinopec bet big on expanding production capacity last year just as oil prices grew volatile, and 2020 has been even bumpier. China's lockdown measures to counter the coronavirus pandemic clobbered energy demand as industrial activity paused. The result was a record quarterly loss in the first quarter for Sinopec, and cuts to capital spending. However, there were signs of a swift recovery: by April, the company said daily sales had returned to 90% of their pre-lockdown levels.
Feature China/Barcroft Media/Getty Images
Company Information
As of 8/3/2022
Country
China
Headquarters
Beijing
Industry
Petroleum Refining
CEO
Ma Yongsheng
Website
Company Type
Private
Ticker
-
Revenues ($M)
$401,314
Profits ($M)
$8,316
Market Value ($M)
-
Employees
542,286
Government owned 50% or more. Excise taxes have been deducted.
Key Financials (Last Fiscal Year)
($ Millions)
% change
Revenues ($M)
$401,313.5
41.4%
Profits ($M)
$8,316.1
34%
Assets ($M)
$380,674.7
-
Total Stockholder Equity ($M)
$133,476
-
Profit Ratios
Profit as % of Revenues
2.1%
Profits as % of Assets
2.2%
Profits as % of Stockholder Equity
6.2%
Lists ranking Sinopec Group
