The predecessor of China Petroleum & Chemical Corporation (hereinafter referred to as the company) is China Petroleum & Chemical Corporation, which was established in July 1983. In July 1998, in accordance with the deployment of the Party Central Committee on the implementation of strategic reorganization of the petroleum and petrochemical industry, PetroChina China Petroleum & Chemical Corporation was reorganized on the basis of National Chemical Corporation. In August 2018, it was restructured into China Petroleum & Chemical Corporation. The company is a very large petroleum and petrochemical enterprise group with a registered capital of 326.5 billion yuan. The chairman is a statutory Representative, headquartered in Beijing. The company exercises the rights of investors such as asset benefit, major decision-making and selection of managers for the relevant state-owned assets of its wholly-owned enterprises, holding companies and joint-stock companies, and operates, manages and supervises state-owned assets in accordance with the law. , and bear corresponding responsibility for value preservation and appreciation.

At present, the company is China s largest supplier of refined oil and petrochemical products, the second largest oil and gas producer, the world s largest oil refining company, and the second largest chemical company. The total number of gas stations ranks second in the world. In 2022, Fortune 》Ranked 5th among the world s top 500 companies.

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