|Bid||4.980 x 0|
|Ask||5.000 x 0|
|Day's range||4.970 - 5.040|
|52-week range||3.060 - 5.470|
|Beta (5Y monthly)||0.95|
|PE ratio (TTM)||8.60|
|Forward dividend & yield||0.40 (8.04%)|
|Ex-dividend date||12 Jun 2023|
|1y target est||5.51|
(Bloomberg) -- A Japanese utility paid the least for spot liquefied natural gas in more than two years, potentially limiting the impact of electricity rate hikes that threaten to boost inflation.Most Read from BloombergDisney Closes Florida Star Wars Hotel, Scraps Plan to Move 2,000 EmployeesWall Street Fears $1 Trillion Aftershock From Debt DealMorgan Stanley CEO Gorman to Step Down Within 12 MonthsMcCarthy Puts Debt-Limit Talks on ‘Pause’ as Clock Ticks DownNYC Skyscrapers Sit Vacant, Exposing
(Reuters) -Saudi Arabian oil giant Aramco is in a "listening phase" on proposals from refining giant Sinopec Corp and French oil major TotalEnergies for a slice of a shale gas development project worth about $10 billion, two sources with knowledge of the matter said on Tuesday. Sinopec and TotalEnergies are in separate discussions to invest in the Jafurah development in Saudi Arabia, the sources said, adding the talks were not active but Aramco was hearing what the two firms had to propose after formal expressions of interest took place in early 2022.
Higher oil and natural gas production, and commodity prices aid Sinopec's (SNP) 1H earnings.
China's Sinopec Corp said on Monday it has put into operation the country's largest carbon capture, utilisation and storage (CCUS) facility in east China, and plans to build two more plants of similar size by 2025. The state oil giant is one of the leading companies building pilot CCUS projects in China, part of the country's goal to reach peak carbon emissions by 2030. The new CCUS project, which started construction just over a year ago, involves capturing carbon dioxide produced from Sinopec's Qilu refinery in eastern Shandong province during a hydrogen-making process, and then injecting it into 73 oil wells in the nearby Shengli oilfield.
(Bloomberg) -- Chinese technology shares rose for a second day after talks between Beijing and Washington to avoid the delisting of companies in New York was said to show signs of progress. Most Read from BloombergJapan to Allow Non-Guided Group Tours From SeptemberPhoto of Secret Documents Piled on Trump Carpet Adds to DOJ PressureThere’s a New Recession Canary in the Coal Mine, Morgan Stanley SaysAdani Becomes World’s Third Richest Trailing Only Musk, BezosPowell Abandons Soft Landing Goal as
(Bloomberg) -- Chinese equities may extend gains on Friday after news that regulators were progressing in talks to avoid the delisting of companies in New York gathered momentum.Most Read from BloombergJapan to Allow Non-Guided Group Tours From SeptemberAdani Becomes World’s Third Richest Trailing Only Musk, BezosThere’s a New Recession Canary in the Coal Mine, Morgan Stanley SaysMikhail Gorbachev, Soviet Leader Who Ended Cold War, Dies at 91Elon Musk Attacks Twitter Deal Over Whistle-Blower as
(Bloomberg) -- China’s state-owned enterprises that plan to delist from US stock exchanges slid on Monday, as investors expected more firms to follow suit amid an auditing spat between the two nations. Most Read from BloombergApple Targets Sept. 7 for iPhone 14 Launch in Flurry of New DevicesCovid’s Harmful Effects on the Brain Reverberate Years LaterBiden Called Cheney After Her Loss to Trump-Backed ChallengerAfter 2,240% Run, Tesla Visionary Leaves UK Fund Bleeding MoneyStock Market Plunge Pun
Yahoo Finance Live looks at several Chinese stocks reportedly scheduled to de-list from the NYSE.
China's Sinopec Corp announced a string of deals with UK-based chemical and energy group INEOS including the sale of a 50% stake in Shanghai SECCO Petrochemical for 10.5 billion yuan ($1.56 billion). The Chinese oil and gas major also said it will acquire a 50% stake for $631 million in an INEOS-owned venture based in east China that produces ABS plastic used for making automotive parts and pipes. On top of a 600,000 tonne per year ABS plant now under construction, the companies plan to add two more facilities each capable of producing of 300,000 tonnes a year, incorporating INEOS' technology, Sinopec said.
Sinopec (SNP) achieves a daily production capacity of 530,000 cubic meters of shale gas in its Xinye-1 discovery well.
China extended record imports of low-priced Russian crude oil into June despite a lockdown-induced slackening in its total crude oil imports, squeezing out supplies from the Middle East and West Africa, according to tanker trackers and traders. Russia remained China's top supplier for the second month in a row, surpassing Saudi Arabia, according to tanker tracking specialists Vortexa, Kpler and Refinitiv. China is the world's top importer of crude and Russian oil helps Chinese refiners keep costs down at a time when their margins are crimped by slowing demand from strict COVID-19 controls and Beijing's restrictions on fuel exports amid supply concerns.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does China Petro&Chm (SNP) have what it takes? Let's find out.
(Bloomberg) -- Chinese regulators summoned executives at Sinopec Group to a meeting on Monday after the oil giant suffered its second deadly accident this month, saying the episodes had “seriously impacted people’s sense of security.”Most Read from BloombergUS Futures Gain With European Stocks; Dollar Slips: Markets WrapStocks Gain After $2 Trillion Wipeout; Yields Up: Markets WrapBiden Says US Recession Avoidable After Call With Ex-Treasury Secretary SummersSwitzerland Imports Russian Gold for