What is the entrepreneurial spirit of Sinopec Group Corporation?

The corporate spirit of Sinopec Group Corporation is to love China and revitalize petrochemicals.

The corporate culture with the important connotations of the corporate spirit of "Love China and Revitalize Petrochemicals" and the fine traditions of "Three Elders and Four Stricts", "Hard Work" and "Fine and Rigorous" are important in Sinopec's development. It has played a strong leading and supporting role in reform and development, and is the magic weapon that encourages Sinopec to overcome difficulties and keep moving forward.

Extended information:

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 Party Central Committee’s deployment of strategic reorganization of the petroleum and petrochemical industry, China Petrochemical Corporation was reorganized on the basis of the former China Petroleum and Chemical Corporation. In August 2018, it was restructured into China Petroleum and Chemical Corporation Co., Ltd. company.

The company is a very large petroleum and petrochemical enterprise group with a registered capital of 326.5 billion yuan. The chairman is the legal representative and its headquarters is located in Beijing. The company exercises the rights of investors such as asset benefits, major decisions, and selection of managers for the relevant state-owned assets of its wholly-owned enterprises, holding companies, and joint-stock companies, operates, manages, and supervises state-owned assets in accordance with the law, and assumes the corresponding responsibility for maintaining and increasing value.

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 third largest chemical company. The total number of gas stations ranks second in the world. Ranked 2nd among the Fortune Global 500 companies in 2019.

Reference: Official website of Sinopec Group Corporation - Corporate Culture