Sinopec_Group
China Petrochemical Corporation
World largest oil refining & petrochemical company
China Petrochemical Corporation (Chinese: 中国石油化工集团公司; pinyin: Zhōngguó Shíyóu Huàgōng Jítuán Gōngsī) or Sinopec Group is an oil refining, gas and petrochemical conglomerate,[4] administered by SASAC for the State Council of the People's Republic of China. It is headquartered at Chaoyangmenwai in Beijing, across the road from the headquarters of fellow state-owned oil company and competitor CNOOC Group. According to the Fortune Global 500 list in 2021, Sinopec was the largest energy company in the world by revenue, the largest state-owned enterprise in both China and the world, and second largest company in the world in terms of revenue, behind only American retail store chain Walmart.[5]
Sinopec Group ranked the 2nd in the Fortune Global 500 List in 2020, with revenue over US$407 billion.[6] In the 2020 Forbes Global 2000, Sinopec was ranked as the 60th largest public company in the world.[7]