Sinopec Oilfield Service Corp - Company Profile
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Sinopec Oilfield Service Corp (SOSC), a subsidiary of China Petrochemical Corp, is an integrated oil field service company. The company provides integrated services covering the entire value chain of oil and gas field exploration and production. Its portfolio of services includes geophysics services, drilling, logging and mud logging, downhole operation services and petroleum engineering and construction services. It covers the entire value chain of an oil and gas field including exploration, drilling, completion, oil and gas production, collection and transmission, and well abandonment. It has an operational presence in Central Asia, South Asia, Africa, the Americas, the Middle East and Southeast Asia regions. SOSC is headquartered in Beijing, China.
Headquarters
China
Address
No. 9, Jishikou Road, Chaoyang District, Beijing, 100728
Website
ssc.sinopec.com
Telephone
86 10 59965998
No of Employees
66,792
Industry
Energy and Utilities
Ticker Symbol & Exchange
600871 (SHA)
Revenue (2022)
$11.0B
6.1%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
158%
(2022 vs 2021)
Market Cap*
$3.9B
Net Profit Margin (2022)
XYZ
142.3%
(2022 vs 2021)
* As of and is in US$
Products and Services
| Services |
|---|
| Geophysics Services |
| Drilling Engineering Services |
| Logging and Mud Logging Services |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Regulatory Approval | In March, the company, United Petroleum and RM Parks in a collaboration with Shell Plc secured an approval from Sri Lanka cabinet to lease 450 fuel station. |
| 2023 | Financing Agreements | In March, the company announced to invest in Sri Lanka's southern district of Hambantota. |
| 2022 | Contracts/Agreements | In March, Sinopec Oil Engineering and Construction Corporation won a bid for the Project Construction of the East Main Gas Pipeline of the Shandong Pipeline. |
Competitor Comparison
| Key Parameters | Sinopec Oilfield Service Corp | Schlumberger Ltd | Halliburton Co | NOV Inc | Weatherford International Plc |
|---|---|---|---|---|---|
| Headquarters | China | United States of America | United States of America | United States of America | United States of America |
| City | Beijing | Houston | Houston | Houston | Houston |
| State/Province | Beijing | Texas | Texas | Texas | Texas |
| No. of Employees | 66,792 | 111,000 | 48,000 | 33,676 | 18,500 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Chen Xikun | Chairman | Executive Board | 2019 | 58 |
| Yuan Jianqiang | Managing Director; Director | Executive Board | 2019 | 59 |
| Cheng Zhongyi | Secretary; Chief Financial Officer | Senior Management | 2021 | 46 |
| Zhang Jinhong | Deputy General Manager | Senior Management | 2015 | 59 |
| Zhang Yongjie | Deputy General Manager | Senior Management | 2015 | 59 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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