| Business Summary | | China
Petroleum
and
Chemical
Corporation
(Sinopec
Corp.)
is
a
joint-stock
company
focusing
on
its
core
business
of
petroleum
and
petrochemicals
with
integrated
upstream,
mid-stream
and
downstream
operations
and
a
complete
marketing
network.
Sinopec
Corp.'s
scope
of
business
includes
exploration,
development,
production
and
marketing
of
petroleum
and
natural
gas,
refining
and
marketing,
production
and
marketing
of
petrochemicals,
chemical
fibers,
chemical
fertilizers
and
other
chemicals,
pipeline
transportation
of
petroleum
and
natural
gas,
import
and
export
and
import/export
agency
business
of
petroleum,
natural
gas,
refined
oil
products,
petrochemicals,
other
chemicals,
and
other
commodities
and
technologies,
and
research
and
development
and
application
of
technology
and
information. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | China
Petroleum
and
Chemical
is
engaged
in
the
refining
and
distribution
of
gasoline,
diesel
and
jet
fuel,
the
production
and
distribution
of
petrochemicals,
and
in
the
exploration
and
production
of
oil
and
gas.
For
the
fiscal
year
ended
12/31/00,
revenues
rose
37%
to
RMB328.9
billion.
Net
income
according
to
U.S.
GAAP
totaled
RMB21.43
billion,
up
from
RMB5.18
billion.
Results
reflect
increased
refining
revenues
and
lower
asset
impairment
and
allocation
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Yu Qingbo, 63 | Chairman
of the Supervisory Commttee | Li Yizhong, 55 | Chairman | Wang Jiming, 58 | Pres,
Director | Chen Tonghai, 51 | Vice
Chairman | Zhang Jiaren, 55 | VP,
CFO, Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|