0386.HK - China Petroleum & Chemical Corporation

HKSE - HKSE Delayed price. Currency in HKD
7.050
-0.050 (-0.70%)
At close: 4:08PM HKT
Stock chart is not supported by your current browser
Previous close7.100
Open7.160
Bid7.050 x 0
Ask7.060 x 0
Day's range6.970 - 7.160
52-week range5.400 - 8.350
Volume115,711,131
Avg. volume142,076,566
Market cap787.118B
Beta1.21
PE ratio (TTM)13.90
EPS (TTM)0.507
Earnings dateN/A
Forward dividend & yield0.61 (8.29%)
Ex-dividend date2018-05-25
1y target est8.81
  • Sinopec Offers Record Dividend
    Bloomberg Video3 months ago

    Sinopec Offers Record Dividend

    Mar.25 -- China Petroleum & Chemical Corp. will pay a record-high dividend as its massive fuels and chemical segments helped it post a nearly 10 percent increase in full-year profit. Bloomberg's Aibing Guo reports on "Bloomberg Markets."

  • Oilprice.com15 hours ago

    China Set To Cut U.S. Oil Imports As Trade War Heats Up

    As the trade war between the U.S. and China heats up, China is looking to reduce its U.S. oil imports in order to avoid a possible tariff on American oil – bad news for U.S. producers

  • Reutersyesterday

    Stepping on the gas - China's home-built fracking boom

    The equipment was designed and built by China's state-owned energy major Sinopec, the result of a decades-long government drive to develop low-cost domestic technology to tap the country's vast shale gas resources buried in the region's mountainous terrain. It is the latest key technology that China has learned to master. Except for a handful of higher-end tools, Sinopec and a crop of independent companies make everything from trucks and pumps to drilling fluid and proppants - treated sand or man-made ceramics used to "prop" open a fracture to allow gas to escape.

  • Reutersyesterday

    Factbox - Domestic industry backs China's shale gas push

    State majors Sinopec and CNPC produced 9 billion cubic metres (bcm) of shale gas in 2017 from 600 wells, six percent of the country's total gas output. China's shale gas reserves are buried deeper, more scattered and in more mountainous terrain than in the United States, making them more costly to develop, but domestic gas is a major focus as the country looks to ease its reliance on dirtier coal. Reuters interviewed Chinese oil majors, local equipment and service companies and global firms involved in China's fracking industry to compile the following industry breakdown.

  • Sinopec Seen Top Winner as Pipe Spinoff Frees Up Unit IPO
    Bloomberg9 days ago

    Sinopec Seen Top Winner as Pipe Spinoff Frees Up Unit IPO

    While China’s move to create a national pipeline giant has taken center stage, investors should focus further out on how that clears a hurdle for Sinopec to spinoff its retail business, a move that may boost the oil giant’s valuation. The listing of the marketing unit by the refining behemoth, officially known as China Petroleum & Chemical Corp., has been awaiting the shift of its oil and fuel pipelines into the new national operator, according to China International Capital Corp. and Sanford C. Bernstein & Co. That’s why the pipeline reform may give further impetus for shares of the company to extend a 30 percent rally this year. To read more about China’s plans for a national pipeline company, click here.

  • China’s Pipeline Champion Misses an Opportunity
    Bloomberg10 days ago

    China’s Pipeline Champion Misses an Opportunity

    China’s plans to create a pipeline giant to aid development of its natural gas market are overdue, and welcome. The state-owned champion, provisionally dubbed China Pipelines Corp., will combine the pipeline divisions of state-owned PetroChina Co., China Petroleum & Chemical Corp. or Sinopec, and Cnooc Ltd. A mooted market capitalization of as much as 500 billion yuan ($78 billion) would make it the world’s largest pipeline operator on that measure, comfortably outstripping Enterprise Product Partners LP at $64 billion. There’s much to like in that plan, given the way the current setup has helped stymie China’s drive to increase the role of gas in its domestic energy mix.

  • Six Flags Entertainment, Thomson Reuters, Toyota Motor, China Petroleum & Chemical and Merck highlighted as Zacks Bull and Bear of the Day
    Zacks10 days ago

    Six Flags Entertainment, Thomson Reuters, Toyota Motor, China Petroleum & Chemical and Merck highlighted as Zacks Bull and Bear of the Day

    Six Flags Entertainment, Thomson Reuters, Toyota Motor, China Petroleum & Chemical and Merck highlighted as Zacks Bull and Bear of the Day

  • Chevron's (CVX) South African Assets: Bidding War Heats
    Zacks15 days ago

    Chevron's (CVX) South African Assets: Bidding War Heats

    Chevron's (CVX) South African assets including 800 Caltex service stations and a 100,000-barrel per day refinery are up for sale.

  • The Zacks Analyst Blog Highlights: Momo, Baidu, China Petroleum & Chemical and Hollysys Automation Technologies
    Zacks18 days ago

    The Zacks Analyst Blog Highlights: Momo, Baidu, China Petroleum & Chemical and Hollysys Automation Technologies

    The Zacks Analyst Blog Highlights: Momo, Baidu, China Petroleum & Chemical and Hollysys Automation Technologies

  • 8-Month High PMI Awakes the Chi in China Economy: 4 Top Picks
    Zacks21 days ago

    8-Month High PMI Awakes the Chi in China Economy: 4 Top Picks

    A booming manufacturing sector even as overcapacity is curbed has helped China in maintaining a steady rate of growth. Robust demand for Chinese goods abroad have also boosted the country's fortunes.

  • Glencore Is Said to Near $1 Billion Chevron Southern Africa Deal
    Bloomberglast month

    Glencore Is Said to Near $1 Billion Chevron Southern Africa Deal

    Glencore Plc is close to a $1 billion deal to buy Chevron Corp.’s southern African assets, potentially scuppering an earlier agreement with China Petroleum & Chemical Corp., according to three people familiar with the matter. The assets include a 100,000 barrel-a-day refinery in Cape Town and more than 800 gas stations in South Africa and neighboring Botswana. Chevron agreed last year to sell its 75 percent holding in the southern African business to the Chinese group known as Sinopec.

  • Sinopec (SNP) Q1 Earnings & Sales Jump on Higher Oil Prices
    Zacks2 months ago

    Sinopec (SNP) Q1 Earnings & Sales Jump on Higher Oil Prices

    Higher oil price realizations as well as improved refinery throughput lead to Sinopec's (SNP) solid Q1 results.

  • Reuters2 months ago

    BRIEF-Shandong Polymer Biochemicals Signs Strategic Cooperation Agreement With Sinopec

    May 2 (Reuters) - Shandong Polymer Biochemicals: * SAYS IT SIGNS STRATEGIC COOPERATION AGREEMENT WITH CHINA PETROLEUM & CHEMICAL'S GOODS AND EQUIPMENT DEPARTMENT Source text in Chinese: https://bit.ly/2KrqarQ ...

  • New Strong Buy Stocks for May 1st
    Zacks2 months ago

    New Strong Buy Stocks for May 1st

    New Strong Buy Stocks for May 1st

  • Reuters2 months ago

    China to set up free trade zone in southern island province of Hainan

    China will set up an international free trade zone and port on the island of Hainan, state radio said on Friday, citing President Xi Jinping, granting foreign firms greater economic freedom in the southernmost province. The announcement came on Hainan's 30th anniversary as a province. Originally administered as part of nearby Guangdong on the mainland, the South China Sea island was given province status in 1988 and was declared the country's fifth special economic zone as part of former leader Deng Xiaoping's opening up of China.

  • Can The Uptrend Continue for China Petroleum & Chemical (SNP)?
    Zacks2 months ago

    Can The Uptrend Continue for China Petroleum & Chemical (SNP)?

    Investors certainly have to be happy with China Petroleum & Chemical Corporation (SNP) and its short term performance

  • China Stocks: Some Show Strength As Trade Feud Escalates
    Investor's Business Daily3 months ago

    China Stocks: Some Show Strength As Trade Feud Escalates

    In a volatile week for U.S.-China relations, China stocks trading on U.S. markets predictably posted mixed results.

  • Buckeye to Expand Chicago Complex and Execute Deal With BP
    Zacks3 months ago

    Buckeye to Expand Chicago Complex and Execute Deal With BP

    Buckeye Partners (BPL) is anticipated to expand storage capacity of its Chicago complex to meet the demand of its customers.

  • The Zacks Analyst Blog Highlights: Autohome, Kingdee International Software Group, China Petroleum & Chemical, Yanzhou Coal Mining and PetroChina
    Zacks3 months ago

    The Zacks Analyst Blog Highlights: Autohome, Kingdee International Software Group, China Petroleum & Chemical, Yanzhou Coal Mining and PetroChina

    The Zacks Analyst Blog Highlights: Autohome, Kingdee International Software Group, China Petroleum & Chemical, Yanzhou Coal Mining and PetroChina

  • Sinopec to Increase LNG Capacity and Domestic Shale Output
    Zacks3 months ago

    Sinopec to Increase LNG Capacity and Domestic Shale Output

    Sinopec (SNP) is going to build LNG receiving facilities, leading to an increase in the company's capacity to around 26 million tonnes per annum from its present capacity of 9 million tones.

  • Energy Stocks Head Market Resurgence: 5 Value Picks
    Zacks3 months ago

    Energy Stocks Head Market Resurgence: 5 Value Picks

    Analysts think that higher oil prices and strong earnings results can help the sector make a comeback.

  • Sinopec Offers Record Dividend
    Bloomberg3 months ago

    Sinopec Offers Record Dividend

    China Petroleum & Chemical Corp. will pay a record-high dividend as its massive fuels and chemical segments helped it post a nearly 10 percent increase in full-year profit. Bloomberg's Aibing Guo reports ...

  • Reuters3 months ago

    BRIEF-China Petroleum & Chemical Says 2017 Net Profit Up 10.1 Percent Y/Y

    March 25 (Reuters) - China Petroleum & Chemical Corp : * SAYS 2017 NET PROFIT UP 10.1 PERCENT Y/Y Source text in Chinese: https://bit.ly/2G767wo Further company coverage: (Reporting by Hong Kong newsroom)...

  • Reuters3 months ago

    South Africa watchdog approves $900 million Sinopec, Chevron deal

    China's Sinopec Corp got a major boost in its pursuit of Chevron's South Africa and Botswana assets after South Africa's Competition Tribunal approved, with conditions, the $900 million (652 million pounds) transaction on Friday. State-owned Sinopec was competing for the assets against commodities trader and miner Glencore, which swooped in last October with a $973 million bid following delays to Sinopec's original agreement. The transaction is subject to Sinopec investing 6 billion rand (365 million pounds) over five years to develop a refinery in South Africa's Western Cape, over and above Chevron's current investment plans, the Tribunal said in a statement.

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