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Sinopec Group

Photograph By Billy H.C. Kwok – Getty Images
  • Rank2
  • Previous Rank3
  • CEO
    Wang Yupu
  • Address
    22 Chaoyangmen N. St., Beijing 100728
  • Websitehttp://www.sinopec.com
  • Industry
    Petroleum Refining

Sinopec remains Asia’s largest oil refiner and a king in China’s state-owned corporate hierarchy. However, following a 30% decline in profits in 2014 amid lower oil prices, failed overseas investments, and a corruption crackdown that has targeted the company’s senior officials, Sinopec no longer looks invincible. Last year marked Sinopec’s worst year of financial performance since the financial crisis, and executives have remained out of the limelight amid the corruption crackdown, which has diminished the influence of oil companies in the country.

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Company Information

CEO
Wang Yupu
Industry
Petroleum Refining
Sector
Energy
HQ Location
Beijing, China
Websitehttp://www.sinopec.com
Years on List17
Government owned 50% or more.

Key Financials (last fiscal year)

($ Millions)% change
Revenues446,811-2.3%
Profits5,177-42.0%
Assets359,182.2-
Employees897,488-

Profits as a % of

Profit as % of Revenues1.2%
Profits as % of Assets1.4%
Profits as % of Stockholder Equity4.4%