China Petroleum & Chemical Corporation (0386.HK)

4.290 -0.100 (-2.28%) As of 03:22PM HKT. Market open.

China Petroleum & Chemical Corporation

No. 22 Chaoyangmen North Street
Chaoyang District
Beijing 100728
China
86 10 5996 0028
https://www.sinopec.com

Sector(s): Energy
Industry: Oil & Gas Integrated
Full-time employees: 368,450

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Baocai Yu	Pres & Exec. Director	234.34k	N/A	1965
Ms. Donghua Shou	CFO & Head of Accounting Institution	N/A	N/A	1970
Mr. Yonglin Li	Sr. VP & Exec. Director	N/A	N/A	1967
Mr. Lianggong Lv	Sr. VP	N/A	N/A	1966
Mr. Wensheng Huang	VP & Sec. to the Board of Directors	N/A	N/A	1967
Mr. Shuanwen Niu	Sr. VP	N/A	N/A	1974
Mr. Yang Chen	Deputy Head of the Board	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in HKD.

Description

China Petroleum & Chemical Corporation, an energy and chemical company, engages in the oil and gas and chemical operations in Mainland China, Singapore, and internationally. It operates through five segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others. The company explores and develops oil fields; produces crude oil and natural gas; processes and purifies crude oil; manufactures and sells petroleum products; owns and operates oil depots and service stations; and distributes and sells refined petroleum products, including gasoline and diesel. It also manufactures and sells petrochemical and derivative petrochemical products; and other chemical products, such as basic organic chemicals, synthetic resins, synthetic fiber monomers and polymers, synthetic fibers, synthetic rubber, and chemical fertilizers. In addition, the company explores, produces, and sells petroleum and natural gas; produces, stores, and sells petrochemical and coal chemical products; trades in crude oil and petrochemical products; produces and sells catalyst products, lubricant base oil, polyester chips and fibers, plastics, refined petroleum products, and petrochemical materials; markets and distributes petrochemical and refined petroleum products; and imports and processes crude oil. Further, it provides well drilling and logging, and downhole operational services; resin and plastics, intermediate petrochemical, and petroleum products; crude oil jetty and natural gas pipeline transmission services; manufacturing and maintenance of production equipment, engineering construction, and utility services, as well as engages in the coal chemical industry investment management activities; and research and development, production, and sale of ethylene and downstream by-products. The company was incorporated in 2000 and is headquartered in Beijing, China. China Petroleum & Chemical Corporation is a subsidiary of China Petrochemical Corporation.

Corporate governance

China Petroleum & Chemical Corporation’s ISS governance QualityScore as of 1 September 2023 is 5. The pillar scores are Audit: 3; Board: 2; Shareholder rights: 10; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.