China Petroleum & Chemical Corporation, commonly known as Sinopec Corp., is an integrated energy and chemical company based in China. The company is engaged in the exploration, development and production of crude oil and natural gas, as well as the processing, refining and sale of petroleum products.
Sinopec operates refineries and markets fuels including gasoline, diesel, jet fuel and other refined products through an extensive distribution and service-station network. Its downstream activities also include the production and sale of petrochemicals, synthetic fibers, resins, plastics, fertilizers and other chemical products used in manufacturing, transportation, construction and consumer industries.
Established in 2000 as part of the restructuring of China’s petroleum and petrochemical industry, Sinopec serves customers primarily in China while maintaining international exploration, trading and commercial activities. The company is listed in mainland China and has also maintained overseas listings, including American depositary shares traded over the counter in the United States under the symbol SNPMF.
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