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Article: Sinopec Group needs to improve.(Company Focus)

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China Chemical Reporter
Article date:
August 16, 2009
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Among the latest Fortune 500 list, Sinopec Group, by a revenue of US$207. 814 billion in 2008, lifted its position to No. 9 from No. 16 in 2008.

* Gaps still exist

In terms of annual revenue, Sinopec Group now can compete with those global oil tycoons, such as Royal Dutch Shell, ExxonMobil, BP etc, but as regards profit margin ratio, the gaps between Sinopec Group and those oil tycoons were still remarkable.

In 2008, according to the Fortune data the net profit margins for ExxonMobil, TOTAL and Royal Dutch Shell were 10.2%, 6.6% and 5.76% respectively, while for Sinopec Group was only 0.94%.

A staff of Sinopec Group said that the 2008 ...

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