Sinopec Shanghai Petrochemical Co ADR
Sinopec Shanghai Petrochemical Co ADR
48 jinyi Rd., jinshan district, shanghai, china Postcode: 200540
86 (21) 5794314
Sector: Oil and Gas
Description
Sinopec Shanghai Petrochemical Co (NYSE: SHI) is a Chinese oil and gas company engaged in the development, production and exploration of crude oil and natural gas.
The energy company operates through different business segments:
• exploration and production
• refining
• marketing and distribution
• chemicals
• corporate and others
Exploration and Production Segment
The firm primarily deals with the exploration, development, and production activities of natural gas and crude oil through this unit. The products include gasoline, ethylene, benzene, diesel, etc.
Refining Section
The segment procures crude oil from the exploration and production segment and third-party sellers. The crude oil is then processed and transformed into various refined oil products. Furthermore, this section also focuses on providing refined oil products to other business segments.
Marketing and Distribution Unit
As the name suggests, this segment focuses on obtaining refined oil products from the refining business segment as well as third-party sellers. It is engaged in marketing, sale and wholesale distribution of refined oil products globally, including large companies, independent distributors and retailers through an extensive networks.
Chemical Section
The company engages itself in the development, production, marketing, selling, and distribution of chemical products, including petrochemicals, chemical fibres, chemical fertilizers, synthetic fibers, etc.
The company's corporate, administrative and other research and development activities are managed under the corporate segment.
In addition, the segment also focuses on the subsidiaries' trading business, including import and export.
Sinopec Shanghai Petrochemical Company was founded on February 25, 2000, and it is reportedly one of the largest oil and gas companies operating globally.
Headquartered in Chaoyang District, Beijing, the oil and gas firm also produces various kinds of biofuels, including biodiesel, green jet fuel (obtained from waste vegetable oil), and ethanol.
The Chinese energy firm also produces various petrochemicals such as butadiene, toluene, paraxylene, ethylene glycol and oxide, acetic acid, etc.
The product pipeline under synthetic fibers include:
• Polyester staple
• Acrylic staple
• Acrylic top
• Polyester top
• filament
• industry yarn
It is listed on the stock exchanges of Shanghai and Hong Kong and trades under the ticker symbol '600028' and '386', respectively.
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