China Petrochemical Corporation

China Petrochemical Corporation (the Company) was established in July 1998 on the basis of the former China Petrochemical Corporation, a move by the central government to strategically restructure the petroleum and petrochemical industry. It was further incorporated as a limited liability corporation in August 2018. A super large energy and petrochemical group with integrated business in upstream, downstream, production, supply, marketing, domestic and overseas trading, the Company has a registered capital of 326.5 billion yuan with the chairperson of the board of directors serving as its legal representative. Headquartered in Beijing, it exercises the investor's rights to the related state assets owned by its full subsidiaries, controlled companies and share-holding companies, including receiving returns on assets, making major decisions and appointing managers. It operates, manages and supervises state assets according to related laws, and shoulders the corresponding responsibility of maintaining and increasing the value of state assets.

Principal businesses of the Company include petroleum and natural gas exploration, production, storage and transportation (including pipeline transmission), sales and comprehensive utilization; oil refining; wholesale and retail of oil products; production, sales, storage, transportation of petrochemical products and other chemical products; industrial investment and investment management; design, construction and installation for petroleum and petrochemical engineering projects; overhaul and maintenance of petroleum and petrochemical equipment; manufacturing of electrical and mechanical equipment; R&D, development, application and consulting services of technology, information and alternative energy products; import & export.

The Company is the largest oil and petrochemical products supplier in China, and the largest refining company and the second largest chemical company in the world. Its total number of gas stations ranks the second place in the world. It has been ranking among the top on Fortune's Global 500 List in recent years.