Sinopec's latest financial reports the company's current revenue (TTM ) is $435.69 B. In 2023 the company made a revenue of $443.90 B a decrease over the revenue in the year 2022 that were of $490.51 B. The revenue is the total amount of income that a company generates by the sale of goods or services.
Sinopec has hit record highs in terms of oil and gas equivalent production, crude oil processing volume, and total distribution volume of domestic refined oil products:
- Produced 70.92 million tons of oil and gas equivalent, up 3.1 percent year-on-year;
- Produced 37.9 billion cubic meters of natural gas, up 7.1 percent year-on-year;
- Processed 258 million tons of crude oil, up 6.3 percent year-on-year;
- Distributed 188 million tons of refined products, up 15.8 percent year-on-year;
- Produced 14.314 million tons of ethylene, up 6.5 percent year-on-year.
Sinopec is taking the lead with an integrated strategy emphasizing operation optimization, network advantages, and continued investment into technology R&D.
"Looking ahead, Sinopec will focus more on creating greater values, cultivating new quality productive forces, promoting transformation, and expanding the scope of profit to achieve sustainable development, leveraging the group's advantages of full industry chain, market, brand, technology, and talent.
