Company profile

Future of Sinopec Group

#
Rank
392
| Quantumrun Global 1000

China Petroleum & Chemical Corporation, also known as Sinopec, is an oil and gas corporation headquartered in Beijing, China. Its main businesses include exploration, production, refining and marketing of oil and gas; import/export of natural gas, crude oil, refined oil products, petrochemicals, and other chemical products; storage and pipeline transportation of natural gas and crude oil; production and sales of petrochemicals, chemical fertilizers, chemical fibers, and other chemical products.

Sinopec is listed in Hong Kong and it also trades in New York and Shanghai. Its parent corporation, Sinopec Group, is one of the major state-owned petroleum energy and chemicals companies in China, headquartered in Chaoyang District, Beijing. 
 

Home Country:
Sector:
Industry:
Petroleum Refining
Website:
Founded:
2000
Global employee count:
713288
Domestic employee count:
Number of domestic locations:

Financial Health

Revenue:
$1930000000000
3y average revenue:
$2260000000000
Operating expenses:
$1850000000000
3y average expenses:
$2080000000000

Asset Performance

Innovation assets and Pipeline

Global brand rank:
45
Investment into R&D:
$5940000000
Total patents held:
5601
Number of patents field last year:
191

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the energy sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the most obvious disruptive trend is the shrinking cost and increasing energy generating capacity of renewable sources of electricity, such as wind, tidal, geothermal and (especially) solar. The economics of renewables are advancing at such a rate that further investments into more traditional sources of electricity, such as coal, gas, petroleum, and nuclear, are becoming less competitive in many parts of the world.
*Concurrent with the growth of renewables is the shrinking cost and increasing energy storing capacity of utility-scale batteries that can store electricity from renewables (like solar) during the day for release during the evening.
*The energy infrastructure in much of North America and Europe is decades old and is currently in the two-decade-long process of being rebuilt and reimagined. This will result in the installation of smart grids that are more stable and resilient, and will spur the development of a more efficient and decentralized energy grid in many parts of the world.
*The growing cultural awareness and acceptance of climate change is accelerating the public's demand for clean energy, and ultimately, their government's investment into cleantech infrastructure projects.
*As Africa, Asia, and South America continue to develop over the next two decades, their populations’ increasing demand first world living conditions will spur demand for modern energy infrastructure that will keep energy sector building contracts going strong into the foreseeable future.
*Significant breakthroughs in Thorium and fusion energy will be made by the mid-2030s, leading to their rapid commercialization and global adoption.

COMPANY’S FUTURE PROSPECTS

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