Provides petroleum refining, exploration, chemicals and oil product marketing services; owns and operates gasoline stations
China Petroleum & Chemical Corp. engages in the exploration, production, and transportation of petroleum products.
It operates through the following business segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others.
The Exploration and Production segment explores and develops oil fields and produces crude oil and natural gas. The Refining segment processes and purifies crude oil, and manufactures and sells petroleum products.
The Marketing and Distribution segment owns and operates oil depots and service stations, and distributes refined products at wholesale or retail.
The Chemicals segment manufactures and sells petrochemical, derivative petrochemical, and inorganic chemical products.
The Corporate and Others segment includes trading activities, and research and development of the company.
The company was founded on February 25, 2000 and is headquartered in Beijing, China.