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: SK Holdings Co Ltd of KOREA (SOUTH) (2019 sales of 99.26 trillion Korean Won [US$83.18 billion] of which 49% was SK Innovation), ENEOS Holdings Inc of JAPAN (11.13 trillion Japanese Yen [US$103.73 billion] of which 85% was Energy), and PetroChina Co Ltd (2.49 trillion Chinese Renmimbi [US$355.71 billion] of which 74% was Marketing).

Sales Analysis. During the year ended December of 2019, sales at China Petroleum & Chemical were 2.76 trillion Chinese Renmimbi (US$394.52 billion). This is an increase of 2.8% versus 2018, when the company's sales were 2.69 trillion Chinese Renmimbi. This was the third consecutive year of growth at China Petroleum & Chemical. The sales level in 2019 was fairly close to the level five years ago: in 2014, China Petroleum & Chemical had sales of 2.67 trillion Chinese Renmimbi. Sales of Exploration and Production saw an increase that was more than double the company's growth rate: sales were up 18.8% in 2019, from 93.50 billion Chinese Renmimbi to 111.11 billion Chinese Renmimbi. China Petroleum & Chemical also saw significant increases in sales in Corporate and Other (up 15.6% to 828.64 billion Chinese Renmimbi) . Not all segments of China Petroleum & Chemical experienced an increase in sales in 2019: sales of Chemicals fell 7.0% to 425.51 billion Chinese Renmimbi. China Petroleum & Chemical also experienced decreases in sales in Marketing and Distribution (down 1.1% to 1.39 trillion Chinese Renmimbi) and Refining (down 4.9% to 141.67 billion Chinese Renmimbi) .