Sinopec Limited, officially known as China Petroleum & Chemical Corporation, is a leading player in the crude petroleum industry, headquartered in Beijing, China. Founded in 2000, Sinopec has rapidly established itself as a key provider of crude oil extraction services, excluding surveying, and operates extensively across major regions in China and internationally.
The company excels in various sectors, including oil refining, petrochemical production, and natural gas exploration, offering a diverse range of core products and services. Sinopec's commitment to innovation and sustainability sets it apart in the competitive landscape, making it a preferred choice for energy solutions. With significant achievements in production capacity and environmental initiatives, Sinopec continues to solidify its position as one of the largest oil and gas companies globally, contributing to the energy needs of millions.
-4 vs industry average
Sinopec’s score of 11 is lower than 34% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Crude Oil Extraction is among the most carbon-intensive industries
Industry performance
The Crude Oil Extraction industry has reduced its overall emissions by 90% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Sinopec's reported carbon emissions
Sinopec, a crude petroleum and services related to crude oil extraction company headquartered in China, reported total Scope 1 and 2 emissions of approximately 167.95 billion kg CO2e for the year 2024. This represents a decrease from approximately 168.64 billion kg CO2e in 2023 and 161.79 billion kg CO2e in 2022. For 2021, Sinopec's Scope 1 and 2 emissions were approximately 172.56 billion kg CO2e. In 2020, total emissions, encompassing Scope 1 and 2, were approximately 170.94 billion kg CO2e. Emissions data for Scope 3 is not yet available. While specific reduction targets are not detailed in the provided information, Sinopec has disclosed Scope 1 and 2 emissions for several years, indicating a commitment to tracking and reporting its climate impact within the upstream oil and gas sector. The company has also provided some emissions intensity data, such as GHGs emissions intensity per unit of revenue in 2021 and 2019, and carbon emissions per unit of production in 2019. Sinopec's emissions data is not cascaded from a parent organisation.
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Sinopec’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Sinopec yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Sinopec
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