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National Oil Company Integrated HKEX: 0386

Sinopec

Beijing, China · Established 2000 · Profile updated July 1, 2026

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Auditor Executive Assessment

Prepared by the Asian Oil Intelligence Desk · Institutional due-diligence memorandum

China Petroleum & Chemical Corporation (Sinopec) is the world's largest refiner by capacity at approximately 3 mbpd and Asia's largest fuel retailer with 30,000+ stations. Upstream production is secondary at approximately 1 mbpd oil equivalent. FY2024 revenue exceeded $480 billion with net income near $12 billion. Refining margins and petrochemical integration drive earnings. Zhenhai and Maoming are flagship refining-petrochemical complexes. Hydrogen refuelling network leadership and CCUS pilo...

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