China Petroleum & Chemical Corporation operates within the Petroleum refining sector. In addition to historical fundamental analyses, the complete report available to purchase compares China Petroleum & Chemical with three other petroleum refiners in Asia: PetroChina Co Ltd (2020 sales of 1.93 trillion Chinese Renmimbi [US$296.55 billion] ), Reliance Industries Limited of INDIA (5.97 trillion Indian Rupees [US$80.06 billion] of which 65% was Refining), and ENEOS Holdings Inc which is based in JAPAN (10.01 trillion Japanese Yen [US$92.01 billion] of which 84% was Energy).

Sales Analysis. During the year ended December of 2020, sales at China Petroleum & Chemical were 1.91 trillion Chinese Renmimbi (US$292.66 billion). This is a sharp decrease of 30.9% versus 2019, when the company's sales were 2.76 trillion Chinese Renmimbi. The sales level in 2020 was fairly close to the level five years ago: in 2015, China Petroleum & Chemical had sales of 1.82 trillion Chinese Renmimbi. Contributing to the drop in overall sales was the 23.4% decline in Marketing and Distribution, from 1.39 trillion Chinese Renmimbi to 1.07 trillion Chinese Renmimbi. There were also decreases in sales in Chemicals (down 14.8% to 362.64 billion Chinese Renmimbi) . However, these declines were partially offset by the increase in sales of Refining (up 563.4% to 939.88 billion Chinese Renmimbi) and Exploration and Production (up 45.8% to 162.04 billion Chinese Renmimbi) and Corporate and Other (up 7.2% to 888.23 billion Chinese Renmimbi) .