Newocean Energy | Sustainability Performance
Is a Hong Kong-based company engaged in the trading and distribution of petroleum products.
1998
China
501 - 1,000 employees
Oil & Energy
$1B - 10B in revenue
$25M - 100M in profitability
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Sustainability Ranking & Industry Benchmark
#12100
Overallⓘ#1032
in Chinaⓘ#360
in Oil & EnergyⓘSustainability Maturity
ⓘSustainability Intent
ⓘOverview
Financial Data
Business performanceCapital & innovationAnalyst projections
Controversy level
- Newocean Energy Holdings Limited, Hong Konglisted oil products distribution (Guangdongfocused), entered Hong Kong courtappointed receivership in 2020 amid the contested USD 1+ billion default on bank loans following the sustained Chinese oil products distribution market crisis, with Hong Kong Court of First Instance windingup petitions affecting offshore institutional bondholders.
