Sinopec Struggles to Juggle Key Priorities

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  • Sinopec Corp., China’s largest refiner, finds itself under pressure to meet both government policy requirements and corporate goals.
  • Beijing's demands include growing the company's upstream output — a difficult and costly undertaking — and helping advance China's energy transition.
  • The company has meanwhile set its sights on upgrading its downstream, but last year’s bumper refining and chemical earnings are unlikely to be repeated in 2022.

The Issue

Corporate Strategy , Oil Supply, Refining, Oil Demand, Hydrogen, Carbon Capture (CCS), Chemicals
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