Sinopec has assumed the responsibility of leading industry development, focusing on building an industrial framework centered on energy resources, supported by clean oil products and modern chemicals as its two wings, and new energy, new materials, and new economy as key growth poles. The Company has made every effort to expand its resource base, discover new untapped reserves, secure more mining rights, and implement new natural gas reserves and production projects. In addition, we have accelerated the transformation and upgrading of our refining and chemical operations while developing world-class refining and chemical production bases. Through the Company's whole industry chain in oil and gas exploration and development, refining production and operations, chemical production and operations, product marketing and services, international operations, and petroleum refining and chemical engineering technology services, Sinopec provides diversified and comprehensive support to enhance the public's quality of life.

Conventional oil and gas and chemical product supply (2023)

Sinopec's Top Ten Oil and Gas Exploration Discoveries

Sinopec, following its Seven-Year Action Plan, has actively advanced high-quality exploration efforts, resulting in ten major oil and gas discoveries. Over the past year, the Company saw an increase of 155 million tonnes of new proven oil reserves (excluding 127 million tonnes of shale oil proven reserves pending internal audit) and 281.7 billion cubic meters of proven natural gas reserves, demonstrating its commitment to guaranteeing national energy security through responsible and strategic actions.