China Petroleum & Chemical Corporation, or Sinopec, is a Chinese oil and gas company based in Beijing, China. It is listed in Hong Kong and also trades in Shanghai and New York. Established in 1998, Sinopec explores everything energy-related from the more traditional oil and coal to electricity and steam. The company has been expanding, securing contracts with the Mongolian Petro Matad and an EPC contract in Russia, and has not been free from scandal. Wang Tianpu, president of Sinopec from 2003 to 2014, faced jail time in January for accepting bribes and embezzling state properties during his time at the company.
Facts: Sinopec is the world's third-largest chemical producer by chemical sales ($57,953 million)