Company profile and SWOT of Sinopec

SWOT ANALYSIS OF SINOPEC Name Institution Affiliation Course Date of Submission SWOT Analysis of Sinopec For a long time, different companies have been trying to come up with ways of improving their service delivery, taking advantage opportunities and beating competition. The companies have over the years put into action the management techniques. (Ferrell et al., 2011). One of these companies is China Petroleum & Chemical Corporation (Sinopec). Sinopec is a vertically integrated company where a state owned company, China Petrochemical Corporation (Sinopec Group) holds 78.5% stakes of the company. Sinopec involves itself in exploration, production, refining, marketing, and distribution of oil and natural gas. It`s the largest company in China that deals with oil and gas production and distribution. Sinopec operates in China and has its headquarters in Beijing (Jiansheng, 2005). Furthermore, the company has created massive employment opportunities and has more than 350, 000 employees. In 2003, the company ascertained that it would continue to produce oil and gas in the best ways to avoid wastage. Strengths Sinopec enjoys a variety of strengths that enable its survival. To begin with, the company has a strong brand name in China. The citizens and the authority in China hold the company in high esteem due to their policy and production process of avoiding wastage and being environmentally friendly and conscious (Böhm, 2009). In addition, the company has huge operations in terms of production, exportation and marketing. It produces a variety of products including polymers, petrochemicals, fertilizers and synthetic fibers. The company`s operations utilizes advanced technological techniques that enables it produce their products in large quantities with its annual production capacity being 1,500,000 tons. Furthermore, Sinopec has put focus on Deep Basin Oil and production of liquids especially that of light oil in s...