China Petroleum & Chemical is an energy and chemical company. Through its subsidiaries, Co. is engaged in oil and gas and chemical operations in the People's Republic of China. The oil and gas operations consist of exploring for, developing and producing crude oil and natural gas; transporting crude oil and natural gas by pipelines; refining crude oil into finished petroleum products; and marketing crude oil, natural gas and refined petroleum products. The chemical operations include the manufacture and marketing of chemicals for industrial use. As of Dec 31 2012, Co.'s proved reserves for crude oil and natural gas were 2,843,000,000 barrels and 6,730,000,000,000 cubic feet, respectively.
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