# CHINA PETROLEUM & CHEMICAL (SINOPEC)

Summary updated: 2026-10-02T10:33:13.875755Z
Canonical: https://finbar.com/research/companies/china-petroleum-chemical-sinopec

## Overview

China Petroleum & Chemical Corporation (Sinopec Corp.) is an integrated energy and chemical company, with operations spanning exploration and production, refining, marketing and distribution, and chemicals. Its products and activities include oil and gas, refined petroleum and petrochemical products, as well as newer energy businesses. [1](https://app.finbar.com/go?id=P132056738)[2](https://www.sinopec.com/u/cms/gfyw/202503/2322371884p7.pdf) [3](https://www.sinopec.com/listco/en/000/000/041/41662.shtml)

China is its core operating base, with some exploration and production activities elsewhere; its trading subsidiary reports business relationships in nearly 100 countries and regions. [4](https://app.finbar.com/go?id=P132059946)[5](https://www.sinopec.com/listco/en/000/000/061/61292.shtml) Sinopec Corp. was incorporated on 25 February 2000, and its stated mission is “Better Energy for Better Living.” [3](https://www.sinopec.com/listco/en/000/000/041/41662.shtml) [6](https://www.sinopec.com/listco/en/000/000/041/41953.shtml)

For the year ended 2025, consolidated operating income was RMB2,783,583 million, or about RMB2.78 trillion. [7](https://app.finbar.com/go?id=P132056863)
[1](https://app.finbar.com/go?id=P132056738)[2](https://www.sinopec.com/u/cms/gfyw/202503/2322371884p7.pdf)[3](https://www.sinopec.com/listco/en/000/000/041/41662.shtml)[4](https://app.finbar.com/go?id=P132059946)[5](https://www.sinopec.com/listco/en/000/000/061/61292.shtml)[6](https://www.sinopec.com/listco/en/000/000/041/41953.shtml)[7](https://app.finbar.com/go?id=P132056863)[2](https://www.sinopec.com/u/cms/gfyw/202503/2322371884p7.pdf)[3](https://www.sinopec.com/listco/en/000/000/041/41662.shtml)[5](https://www.sinopec.com/listco/en/000/000/061/61292.shtml)[6](https://www.sinopec.com/listco/en/000/000/041/41953.shtml)

## Products & services

Sinopec’s products include gasoline, diesel, kerosene, liquefied petroleum gas and natural gas, as well as lubricants, grease and high-end carbon materials. In the first quarter of 2026, it processed 62.02 million tonnes of crude oil and produced 38.06 million tonnes of refined oil products. [8](https://app.finbar.com/go?id=P132096380) [9](https://www.sinopec.com/listco/en/productsservice/index.shtml)

Its chemical products span synthetic resins, synthetic rubber, synthetic-fibre feedstock and polymers, synthetic-fibre products and organic chemical feedstock. Named offerings in company materials include polyester chips and fibres, lubricant base oil, petrochemical materials and catalysts; its product catalog also lists epoxy resins, PA6 chips, EVOH, carbon fibre, hydraulic oil, white oil, paraffin wax and polyethylene catalyst. In Q1 2026, Sinopec produced 3.553 million tonnes of ethylene and reported chemical sales volume of 20.06 million tonnes. [10](https://app.finbar.com/go?id=P132096388) [11](https://app.finbar.com/go?id=T15105934) [12](https://app.finbar.com/go?id=T15106027) [13](https://www.sinopec.com/listco/en/000/000/041/41822.shtml) [14](https://intl.sinopec.com/product)

Sinopec also provides services through its filling-station network, including fuel sales and services covering gas, hydrogen, electricity and other offerings such as hydrogen refueling and EV charging or battery swapping. For FY2025, its business-segment external sales as a share of consolidated revenue after inter-segment eliminations were Marketing & Distribution 53.8%, Chemicals 13.8%, Refining 5.9% and Exploration & Production 5.8%; these are segment shares, not individual-product shares. [15](https://www.sinopec.com/listco/en/000/000/061/61293.shtml) [16](https://www.sinopec.com/listco/en/000/000/061/61234.shtml) [17](https://app.finbar.com/go?id=T15105893)
[8](https://app.finbar.com/go?id=P132096380)[10](https://app.finbar.com/go?id=P132096388)[11](https://app.finbar.com/go?id=T15105934)[12](https://app.finbar.com/go?id=T15106027)[17](https://app.finbar.com/go?id=T15105893)[9](https://www.sinopec.com/listco/en/productsservice/index.shtml)[13](https://www.sinopec.com/listco/en/000/000/041/41822.shtml)[14](https://intl.sinopec.com/product)[15](https://www.sinopec.com/listco/en/000/000/061/61293.shtml)[16](https://www.sinopec.com/listco/en/000/000/061/61234.shtml)[9](https://www.sinopec.com/listco/en/productsservice/index.shtml)[13](https://www.sinopec.com/listco/en/000/000/041/41822.shtml)[14](https://intl.sinopec.com/product)[15](https://www.sinopec.com/listco/en/000/000/061/61293.shtml)[16](https://www.sinopec.com/listco/en/000/000/061/61234.shtml)

## Geographic presence

Sinopec’s operations are centered in China, with oil-and-gas activity reported in areas including Tahe, western Junggar, offshore fields, western Sichuan and the Xujiahe reservoir in Sichuan. In 2025, China accounted for 255.75 million of its 282.40 million barrels of crude production; overseas production was 26.65 million barrels. [18](https://app.finbar.com/go?id=P132056675)[19](https://app.finbar.com/go?id=P132165846) The company reported 1,812 million barrels of proved crude reserves in China and 12 million barrels in other countries at year-end 2025. [4](https://app.finbar.com/go?id=P132059946)

Sinopec also reported 48 overseas oil-and-gas projects across 23 countries by the end of 2024. Its international trading business lists subsidiaries in the United States, Japan, Germany, Russia and the UAE, and offices in Venezuela, Singapore, Kazakhstan, Saudi Arabia, Nigeria, Brazil and Australia. [20](https://www.sinopec.com/group/en/000/000/067/67922.shtml)[21](https://www.sinopec.com/listco/en/000/000/061/61295.shtml) Its 2025 marketing network included 31,195 branded service stations, alongside stores and alternative-fuel and charging facilities; the company reported 177.56 million tonnes of domestic refined-product sales. [22](https://app.finbar.com/go?id=P132165880)[23](https://app.finbar.com/go?id=P132165882)
[18](https://app.finbar.com/go?id=P132056675)[19](https://app.finbar.com/go?id=P132165846)[4](https://app.finbar.com/go?id=P132059946)[22](https://app.finbar.com/go?id=P132165880)[23](https://app.finbar.com/go?id=P132165882)[20](https://www.sinopec.com/group/en/000/000/067/67922.shtml)[21](https://www.sinopec.com/listco/en/000/000/061/61295.shtml)

## Business segments

Sinopec reports four operating segments: Exploration and Production, Refining, Marketing and Distribution, and Chemicals, plus Corporate and Others. The segment activities are oil and gas exploration, production and sales; crude-oil refining; marketing and distribution of refined petroleum products; and production and sale of chemical and petrochemical products, respectively. [3](https://www.sinopec.com/listco/en/000/000/041/41662.shtml)

In FY2025, measured as each segment’s external sales after inter-segment eliminations as a share of consolidated revenue, the approximate contributions were 5.8% for Exploration and Production, 5.9% for Refining, 53.8% for Marketing and Distribution, and 13.8% for Chemicals. Corporate and Others represented the remaining 20.7% on the same basis. [17](https://app.finbar.com/go?id=T15105893)
[17](https://app.finbar.com/go?id=T15105893)[17](https://app.finbar.com/go?id=T15105893)[17](https://app.finbar.com/go?id=T15105893)[17](https://app.finbar.com/go?id=T15105893)[17](https://app.finbar.com/go?id=T15105893)[3](https://www.sinopec.com/listco/en/000/000/041/41662.shtml)

## Company history

China Petrochemical Corporation was established in July 1983. In July 1998, it was re-formed through a restructuring of China’s petroleum and petrochemical industry, creating the parent organization from which the listed company later emerged. [24](https://www.sinopec.com/group/en/kfzc2023/index.shtml)[25](https://www.sinopec.com/group/en/000/000/041/41535.shtml) Sinopec Corp. was incorporated by the parent as its sole initiator on February 25, 2000. Its H shares listed in Hong Kong, New York and London in October 2000, followed by an A-share listing in Shanghai on August 8, 2001. [3](https://www.sinopec.com/listco/en/000/000/041/41662.shtml)

After listing, Sinopec Corp. expanded through acquisitions and transfers of assets from Sinopec Group, including petroleum assets in 2001, research institutes in 2009, and a 50% interest in Angola’s Block 18 in 2010. [26](https://www.sinopec.com/listco/en/000/000/041/41665.shtml) In 2014, Sinopec Marketing agreed to sell a 29.99% interest to 25 investors while Sinopec Corp. retained a 70.01% stake. [27](https://www.sinopec.com/u/cms/gfyw/202411/27092730kuna.pdf)[28](https://www.hkexnews.hk/listedco/listconews/sehk/2014/0914/ltn20140914032.pdf)
[Sinopec Group history][Sinopec Group profile][Sinopec Corp. Our Company][Sinopec Corp. Our History][Sinopec 2014 quarterly report][HKEX announcement][24](https://www.sinopec.com/group/en/kfzc2023/index.shtml)[25](https://www.sinopec.com/group/en/000/000/041/41535.shtml)[3](https://www.sinopec.com/listco/en/000/000/041/41662.shtml)[26](https://www.sinopec.com/listco/en/000/000/041/41665.shtml)[27](https://www.sinopec.com/u/cms/gfyw/202411/27092730kuna.pdf)[28](https://www.hkexnews.hk/listedco/listconews/sehk/2014/0914/ltn20140914032.pdf)

## Sources

1. [CHINA PETROLEUM & CHEMICAL (SINOPEC) — Full financial report (2025 Y), p20](https://app.finbar.com/go?id=P132056738)
2. [www.sinopec.com](https://www.sinopec.com/u/cms/gfyw/202503/2322371884p7.pdf)
3. [www.sinopec.com](https://www.sinopec.com/listco/en/000/000/041/41662.shtml)
4. [CHINA PETROLEUM & CHEMICAL (SINOPEC) — Full financial report (2025 Y), p216](https://app.finbar.com/go?id=P132059946)
5. [www.sinopec.com](https://www.sinopec.com/listco/en/000/000/061/61292.shtml)
6. [www.sinopec.com](https://www.sinopec.com/listco/en/000/000/041/41953.shtml)
7. [CHINA PETROLEUM & CHEMICAL (SINOPEC) — Full financial report (2025 Y), p27](https://app.finbar.com/go?id=P132056863)
8. [CHINA PETROLEUM & CHEMICAL (SINOPEC) — Full financial report (2026 Q 1), p8](https://app.finbar.com/go?id=P132096380)
9. [www.sinopec.com](https://www.sinopec.com/listco/en/productsservice/index.shtml)
10. [CHINA PETROLEUM & CHEMICAL (SINOPEC) — Full financial report (2026 Q 1), p9](https://app.finbar.com/go?id=P132096388)
11. [CHINA PETROLEUM & CHEMICAL (SINOPEC) — Full financial report (2025 Y), p81](https://app.finbar.com/go?id=T15105934)
12. [CHINA PETROLEUM & CHEMICAL (SINOPEC) — Full financial report (2025 Y), p141](https://app.finbar.com/go?id=T15106027)
13. [www.sinopec.com](https://www.sinopec.com/listco/en/000/000/041/41822.shtml)
14. [intl.sinopec.com](https://intl.sinopec.com/product)
15. [www.sinopec.com](https://www.sinopec.com/listco/en/000/000/061/61293.shtml)
16. [www.sinopec.com](https://www.sinopec.com/listco/en/000/000/061/61234.shtml)
17. [CHINA PETROLEUM & CHEMICAL (SINOPEC) — Full financial report (2025 Y), p20](https://app.finbar.com/go?id=T15105893)
18. [CHINA PETROLEUM & CHEMICAL (SINOPEC) — Full financial report (2025 Y), p16](https://app.finbar.com/go?id=P132056675)
19. [CHINA PETROLEUM & CHEMICAL (SINOPEC) — Presentation (2025 Y), p16](https://app.finbar.com/go?id=P132165846)
20. [www.sinopec.com](https://www.sinopec.com/group/en/000/000/067/67922.shtml)
21. [www.sinopec.com](https://www.sinopec.com/listco/en/000/000/061/61295.shtml)
22. [CHINA PETROLEUM & CHEMICAL (SINOPEC) — Presentation (2025 Y), p20](https://app.finbar.com/go?id=P132165880)
23. [CHINA PETROLEUM & CHEMICAL (SINOPEC) — Presentation (2025 Y), p20](https://app.finbar.com/go?id=P132165882)
24. [www.sinopec.com](https://www.sinopec.com/group/en/kfzc2023/index.shtml)
25. [www.sinopec.com](https://www.sinopec.com/group/en/000/000/041/41535.shtml)
26. [www.sinopec.com](https://www.sinopec.com/listco/en/000/000/041/41665.shtml)
27. [www.sinopec.com](https://www.sinopec.com/u/cms/gfyw/202411/27092730kuna.pdf)
28. [www.hkexnews.hk](https://www.hkexnews.hk/listedco/listconews/sehk/2014/0914/ltn20140914032.pdf)

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