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China Petroleum & Chemical Corporation - Sinopec - Shanghai Petrochemical
NYSE Stock Symbol: SNP Hong Kong Stock Exchange Symbol: 0338
22 Chaoyangmen North Street, Chaoyang District
Beijing, PRC 100728
Website: http://english.sinopec.com/
Jim
Trippon Is America's Foremost Expert On China Stock
Market Investing
China Petroleum and Chemical Corporation - Sinopec Shanghai Petrochemical - SNP - 0338 (referred to as "Sinopec Corp.") is a listed company on domestic and international stock exchanges with integrated upstream, midstream and downstream operations, strong oil & petrochemical core businesses and a complete marketing network.
China Petroleum and Chemical Corporation - Sinopec Shanghai Petrochemical - SNP - 0338 was incorporated on 25th February, 2000 by China Petrochemical Corporation (referred to as "Sinopec Group") as the sole initiator, pursuant to the Company Law of the People's Republic of China. China Petroleum and Chemical Corporation - Sinopec Shanghai Petrochemical - SNP - 0338 issued 16.78 billion H shares in Hong Kong, New York and London Stock Exchanges on 18th and 19th October, 2000.
China Petroleum and Chemical Corporation - Sinopec Shanghai Petrochemical - SNP - 0338 is one of the largest integrated energy and chemical company in China. The scope of China Petroleum & Chemical - Sinopec - SNP business mainly covers oil and gas exploration and production, extraction, pipeline transmission and marketing; oil refining; production, marketing, storage and transportation of petrochemicals, chemical fibers, chemical fertilizers and other chemical products; import, export and import/export agency business of crude oil, natural gas, refined oil products, petrochemicals, chemicals, and other commodities and technologies; research, development and application of technology and information. China Petroleum and Chemical Corporation - Sinopec Shanghai Petrochemical - SNP - 0338 is China's largest producer and supplier of refined oil products (including gasoline, diesel and jet fuel, etc.) and major petrochemical products (including synthetic resin, synthetic fiber monomers and polymers, synthetic fiber, synthetic rubber, chemical fertilizer and petrochemical intermediates). China Petroleum & China Petroleum and Chemical Corporation - Sinopec Shanghai Petrochemical - SNP - 0338 is also China's second largest crude oil producer.
China Petroleum and Chemical Corporation - Sinopec Shanghai Petrochemical - SNP - 0338 has established a standardized structure of corporate governance and adopted a management system of centralized decision-making, delegated authorities at different levels and business operations handled by specialized business units. China Petroleum and Chemical Corporation - Sinopec Shanghai Petrochemical - SNP - 0338 has more than 80 subsidiaries and branches including wholly-owned, equity-holding and equity-sharing companies, engaging in oil and gas exploration and production, refining, chemicals, marketing, R&D and foreign trade.China Petroleum and Chemical Corporation - Sinopec Shanghai Petrochemical - SNP - 0338 business assets and principal markets are located in the east, south and middle part of China, where China's most developed and dynamic economy lies.
To date, China Petroleum and Chemical Corporation - Sinopec Shanghai Petrochemical - SNP - 0338 has 29,602 service stations covering China's cities and countryside, on roads, expressways and waters. By offering gasoline, diesel, kerosene, lubricants and convenient store goods, China Petroleum and Chemical Corporation - Sinopec Shanghai Petrochemical - SNP - 0338 stations serve government organizations, businesses, agricultural and private consumers, playing an important role in national economic growth.
In recent year, the China Petroleum and Chemical Corporation - Sinopec Shanghai Petrochemical - SNP - 0338 Oil Products Sales Dept. has designed and implemented a number of measures to ensure an effective long-term service stations management mechanism. These measures, including 'Star Stations Campaign', 'Quality Service Campaign', 'Safety Management Campaign', and station operators' skill contest, etc, helped build the China Petroleum and Chemical Corporation - Sinopec Shanghai Petrochemical - SNP - 0338 brand awareness and image, and sharpened the China Petroleum & Chemical - Sinopec - SNP competitive edge.
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