Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Sinopec Hosts 2021 Annual Performance Conference, Calls To Embrace Green Evolution and Build Low-Carbon Competitive Advantages

This image opens in the lightbox

News provided by

SINOPEC

31 Mar, 2022, 09:48 GMT

Share this article

Share toX

Share this article

Share toX

BEIJING, March 31, 2022 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec" or "the Company") hosted its 2021 annual performance conference on March 28 in Beijing via webinar. Per International Financial Reporting Standards, Sinopec's 2021 turnover and other operating income was CNY2.74 trillion (USD431.50billion), with profit attributable to shareholders of the company reaching CNY71.975 billion (USD11.33 billion), a 115.2 percent growth year-on-year. This has been Sinopec's best operating performance in the past decade.

Continue Reading
This image opens in the lightbox
Sinopec hosted its 2021 annual performance conference on Mar.28th, reporting its 2021 turnover and other operating income was CNY 2.74 trillion (USD 431.50 billion), with profit attributable to shareholders of the company reaching CNY 71.975 billion (USD 11.33 billion), a 115.2 percent growth year-on-year.

A dividend of CNY0.47 per share was distributed throughout the year, with a dividend payout ratio of 80 percent. Based on the weighted average share price in 2021, the dividend yield of A shares and H shares reached 10.8 percent and 14.3 percent, respectively.

In light of the COVID-19 pandemic and a complex macroenvironment, Sinopec focused on advancing high-quality production and operations, transformative development, technological innovation, management reform, risk prevention and control among other aspects in 2021 to achieve a solid start in line with China's "14th Five-Year Plan." Overall, Sinopec's various business sectors have been growing positively, with remarkable achievements in:

  • Increasing upstream oil and gas reserves;
  • Expanding refining scale and competitive advantages;
  • Continuous increase of the sales and operation scale of refined oil;
  • Giving full play to leading with innovative and technological support.

In the meantime, Sinopec also focused on environmental, social and corporate governance (ESG) development with the board of directors coming from more diverse backgrounds and the Company is actively responding to climate change challenges, vigorously saving energy and reducing pollution and carbon emissions, as well as supporting the 2022 Beijing Winter Olympics and Paralympics.

Mr. Ma Yongsheng, president of Sinopec noted, Sinopec will give full play to its advantages in the integration of marketing, brand, technology and talent to unswervingly move towards the goal of becoming a world-leading clean energy and chemical company, creating greater value for shareholders and society.

"Looking to the future, Sinopec will actively and constructively embrace energy transformation and the transformation of the industry as a whole, extensively implementing a world-leading development strategy and continuously optimizing the 14th Five-Year Plan and long-term 2035 goal to achieve high-quality, sustainable development," said Ma.

Sinopec has laid out five key focuses in implementing its new development strategy and strives to:

  • Improve corporate governance: Sinopec will promote the integration of risk control, internal control and compliance management to strictly control risks in terms of safety, environmental protection, operation management and more. Sinopec will also further integrate ESG with production, operation and development to improve corporate governance efficiency.
  • Execute an innovation-driven development strategy: Sinopec will create a cradle for original technologies to promote the development and application of advanced technologies for oil and gas resources, emphasize technological breakthroughs in oil refining, high-end chemicals and new materials, modern coal chemicals, new energy and more, and strengthen the development of the industry's key technologies, common technologies and cutting-edge technologies.
  • Enhance energy supply capacity: Sinopec is devoting greater efforts in the exploration and development of oil and gas, aiming to achieve major breakthroughs and discoveries of shale oil and gas, promote the coordinated development of natural gas production, supply, storage and sales, maintain domestic oil and gas reserves with steady growth in production, and actively and steadily lay out new energy businesses such as hydrogen energy. It will strengthen the support capability of international trade, improve global resource allocation capacity and explore the establishing a multi-energy complementary energy supply system.
  • Promote the upgrade of refining and chemical businesses: Sinopec aims to optimize oil refining and expand and strengthen chemical engineering, speeding up the progress of "crude-to-chemicals" and "petroleum derivative products" to promote the mid- to high-end development of the chemical business and build a large-scale, integrated and intelligent world-class refining and chemical engineering base.
  • Build green and low-carbon competitive advantages: Coordinating the relationship between development and emissions reduction, Sinopec continues the optimization of its industrial and energy use structures, improves energy efficiency to set industry benchmarks. Sinopec has also accelerated the R&D of green, low-carbon technologies using the Sinopec Qilu-Shengli Oilfield CCUS project as the foundation.

For more information, please visit Sinopec.

Photo - https://mma.prnewswire.com/media/1777708/image.jpg

Logo - https://mma.prnewswire.com/media/960416/SINOPEC_Logo.jpg

Modal title

Also from this source

Sinopec Sets New Vertical Well Depth Record of 5,300 Meters

Sinopec Sets New Vertical Well Depth Record of 5,300 Meters

China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has announced a major shale gas exploration breakthrough of its Project Deep Earth -...

Sinopec Makes Overseas Debut with Global Energy Forecast: Global Energy Outlook 2060 Report Released

Sinopec Makes Overseas Debut with Global Energy Forecast: Global Energy Outlook 2060 Report Released

China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") officially released the first Global Energy Outlook 2060 report (the "Report") on April ...

More Releases From This Source

Explore

Oil & Energy

Oil & Energy

Utilities

Utilities

Chemical

Chemical

Chemical

Chemical

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.