Sinopec

China's state-owned Sinopec was one of the first to feel the effects of the pandemic when China imposed lockdowns in early 2020. Since then, the company has recovered quickly. Although Chinese companies disclose far less information than companies in many other countries, Sinopec earned $323 billion in 2020, according to the white paper. According to GlobalData, the company's 2020 sales fell 28.8%. At the same time, net income fell 43%, raising Sinopec's value to around $70 billion. The company's total loss in 2020 for the company's oil refining and exploration/production was approximately $22 billion. However, gains of $21 billion in marketing and sales offset these losses.

In May, the first vessel docked at the Sinopec Zhongke Refinery Port, China's largest oil terminal. The pier includes a wharf with a capacity of 300,000 tonnes and eight terminals, providing an annual throughput of 5.61 million tonnes. The pier was built by more than 18,000 architects and the first construction cost more than $6 billion. In accordance with China's five-year plan, Sinopec proceeded to develop hydrogen production. The company has installed hydrogen refueling stations in at least four locations and has begun developing the infrastructure and technology for all hydrogen colors.

Founded: 25 February 2000
Headquarters: Chaoyang District, Beijing, China
Market cap: $74.85 Billion As of December 2021
Revenue: $323bn in 2020
Website: sinopec.com/listco/en