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  • Previous Rank2
  • Revenues ($M)$294,344
  • Revenue Percent Change-34.1%
  • Profits ($M)$3,595
  • Profits Percent Change-30.6%
  • Assets ($M)$317,006
  • Employees810,538

The most downstream of China’s big three energy companies (alongside CNPC and CNOOC) Sinopec is more a producer of petrochemicals, fuels, and lubricants than an exploration and production company (although it crops up repeatedly as a mooted buyer of other E&P companies including Anadarko in late 2015). In April, it transferred a controlling stake in a unit that holds its overseas assets to two state investment vehicles, in what amounted to a recapitalization after paying big money for assets that have tumbled in value since late 2014. Sinopec and CNPC spent nearly $120 billion on acquisitions between 2009-2013.

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Company Information

Wang Yupu
Petroleum Refining
HQ Location
Beijing, China
Years on Global 500 List18
Government owned 50% or more.

Sinopec Group Rank History

Key Financials (last fiscal year)

($ Millions)% change
Revenues ($M)$294,344-34.1%
Profits ($M)$3,595-30.6%
Assets ($M)$317,006-
Total Stockholder Equity ($M)$112,455-

Profit Ratios

Profit as % of Revenues1.2%
Profits as % of Assets1.1%
Profits as % of Stockholder Equity3.2%