On September 20, the China Enterprise Confederation and the China Entrepreneurs Association released the list of the top 500 Chinese enterprises in 2023. More than 60 petroleum and chemical companies are on the list.
In 2022, my country's petrochemical industry will achieve operating income of 16.56 trillion yuan, a year-on-year increase of 14.4%, setting another record high, and achieve a total profit of 1.13 trillion yuan, remaining above one trillion yuan for two consecutive years. With the support of excellent performance, the number of petroleum and chemical companies on the list has increased significantly compared with the previous year.
Among the more than 60 companies on the list, China National Petroleum Corporation, China Petroleum & Chemical Corporation, and Sinochem Holdings Co., Ltd. ranked second, third, and ninth respectively. China National Offshore Oil Corporation, Hengli Group Co., Ltd., Zhejiang Rongsheng Holding Group Co., Ltd., Shaanxi Coal and Chemical Industry Group Co., Ltd., Shenghong Holding Group Co., Ltd., Zhejiang Hengyi Group Co., Ltd., and Shaanxi Yanchang Petroleum (Group) Co., Ltd. entered the top 100.
Among the top 500 Chinese manufacturing companies in 2023, the heavy chemical industry still occupies a major position, and four of the five industries with the largest operating income are heavy chemical industries. The status of the petroleum and chemical industry as an important pillar industry has become more prominent. Sinopec ranked first with a revenue of 3.17 trillion, and Sinochem ranked second with a revenue of 1.17 trillion. In addition, China Hengli Group and Zhejiang Rongsheng Holding Group ranked second. Two chemical companies also made it into the top ten.
In the "global arena", the performance of Sinopec companies is particularly outstanding. Among the "Top 100 Chinese Multinational Companies in 2023", China National Petroleum Corporation still ranks first, China Sinochem Holdings Co., Ltd. ranks second, China Petroleum & Chemical Corporation ranks third, China Offshore Oil Group Co., Ltd. increased one place compared with last year and ranked sixth.
List data shows that the operating income of China's top 500 companies will continue to grow in 2022, with total revenue once again breaking through the 100 trillion mark, reaching 108.36 trillion yuan, an increase of 5.74% over the previous year's top 500 companies. The entry threshold has been raised for the 21st consecutive year to 46.998 billion yuan. The 100-billion-dollar club continues to expand, and its members have increased to 254, and the number of trillion-level companies has increased to 16. The operating income of State Grid, China Petroleum, and Sinopec has exceeded 3 trillion yuan.
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