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  • Previous Rank3
  • Revenues ($M)$414,649.90
  • Revenue Percent Change26.8%
  • Profits ($M)$5,845.00
  • Profits Percent Change280.1%
  • Assets ($M)$329,186.30
  • Employees619,151

China’s largest state-owned oil and gas company climbed one spot to No. 2, as sharp gains in both revenue and profits last year reflected Sinopec’s ability to dodge geopolitical headwinds. Sales jumped 27% in 2018, while profits more than tripled. The strong results were driven largely by robust demand domestically for gas and chemical products. That surge in Sinopec’s home market balanced out what was otherwise a bumpy year thanks to volatile crude prices, growing tension between the U.S. and China—which saw the company temporarily suspend U.S. crude imports—and a record trading loss of nearly $690 million in the fourth quarter, the result of ill-timed speculative trading.

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Company Information

Dai Houliang
Petroleum Refining
HQ Location
Years on Global 500 List21
Government owned 50% or more. Excise taxes have been deducted.

Sinopec Group Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$414,649.9026.8%
Profits ($M)$5,845.00280.1%
Assets ($M)$329,186.30-
Total Stockholder Equity ($M)$105,181.50-

Profit Ratios

Profit as % of Revenues1.4%
Profits as % of Assets1.8%
Profits as % of Stockholder Equity5.6%