Chemicals & MaterialsAug 11, 2026

China Petrochemical Corporation

Company Profile Analysis

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China Petrochemical Corporation - Chemicals & Materials showcase

Year Founded & Workforce

1997-12-31

582,648 Employees

Industry

Chemicals & Materials

Services

China Petrochemical Corporation Overview

Company Headquarters: Beijing, China

Founded: 1998

Workforce: ~ 5,82,648

Company Working: China Petrochemical Corporation (Sinopec) is a vertically integrated energy and chemical company. This corporation manufactures, markets, stores, and moves petrochemicals, chemical fibers, chemical fertilizers, and other chemical products. Additionally, it takes part in activities including oil and gas exploration, production, extraction, marketing, and oil refining. The company also works as an import and export agency for commodities such as crude oil, natural gas, refined oil products, petrochemicals, chemicals, and other technologies. It also conducts research, development, and application of technology and information. Its product line includes petrochemical products like synthetic resin, synthetic fiber monomers & polymers, synthetic rubber, synthetic fiber, chemical fertilizers, lubricants, and petrochemical intermediates in addition to refined oil products like petrol, diesel, and jet fuel. The business also exports pressure vessels, cables, seamless pipes, drilling and fracturing equipment, and other goods. The company has operations in 23 nations, including Singapore and China.

Strategy

China Petrochemical Corporation’s aim is to promote innovation and technical development in critical, advanced, and fundamental technologies as well as in high-end chemicals, novel materials, state-of-the-art coal chemical technology, and new energy products. Additionally, China Petrochemical Corporation encourages the study and creation of innovative methods for oil and gas exploration. Moreover, the corporation aims to build a technology-leading business by advancing core technologies, encouraging mechanism reform of the technological system, accelerating intelligent applications, and changing digitally. Furthermore, the company aims to start pilot ultra-deep exploration projects and push the limits of depth by developing deep marine facies geological theories, and exploration technologies that are driven by innovation.

Company Snapshot

$422,649.76M

Revenue

582,648

Employees

1997-12-31

Founded

Beijing, China

Headquarters

SWOT Analysis

Strengths

Certified with ISO9001:2008 quality management system
Significant presence in the domestic market
Increase in annual revenue between 2017 and 2018
High investment in R&D
Operates over 100 subsidiaries
30,365 patents
Upward financial trend in the year 2021
Wide range of products

Weaknesses

Limited product portfolio
Less global presence
Debt of USD 22.49 billion in 2018
Heavily dependent on the Asian market
Declining operations in China

Opportunities

Investments in R&D facilities and product development
Expansion in the European and North American markets
Setting up bases in untapped markets across the globe
Setting production base in emerging regions
Focus on digitalization in production and technology

Threats

Volatility in raw material prices
Intense competition
Slower growth in domestic market and contraction in the manufacturing industry
Supply chain constraints a sharp increase in energy and raw material prices across the industry which affected the production

Key Developments

Date	Approach	Development
September 2022	Product Approval	China Petrochemical Corporation (Sinopec) receives airworthiness certificate for China's first large-scale production of Bio-jet fuel. The fuel, derived from used cooking oil, will then be used for flights across China. This will mark the first time that large-scale produced bio-jet fuel will serve the aviation industry in China

Product Offering

China Petrochemical Corporation
- Industrial Lubricants
- VAE Emulsion
- Aviation Gasoline (Avgas)

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles China Petrochemical Corporation as part of our ongoing coverage of the Chemicals & Materials sector, drawing on public company data, filings, and market intelligence.

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Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.

Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.

Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.

Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.

Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.

Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.

Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

China Petrochemical Corporation

Company Headquarters: Beijing, China Founded: 1998 Workforce: ~ 5,82,648 Company Working: China Petrochemical Corporation (Sinopec) is a vertically integrated energy and chemical company. This corporation manufactures, markets, stores, and moves petrochemicals, chemical fibers, chemical fertilizers, and other chemical products. Additionally, it takes part in activities including oil and gas exploration, production, extraction, marketing, and oil refining. The company also works as an import and export agency for commodities such as crude oil, natural gas, refined oil products, petrochemicals, chemicals, and other technologies. It also conducts research, development, and application of technology and information. Its product line includes petrochemical products like synthetic resin, synthetic fiber monomers & polymers, synthetic rubber, synthetic fiber, chemical fertilizers, lubricants, and petrochemical intermediates in addition to refined oil products like petrol, diesel, and jet fuel. The business also exports pressure vessels, cables, seamless pipes, drilling and fracturing equipment, and other goods. The company has operations in 23 nations, including Singapore and China.

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