|Bid||83.74 x 800|
|Ask||98.65 x 800|
|Day's range||90.19 - 92.49|
|52-week range||69.60 - 105.61|
|PE ratio (TTM)||12.41|
|Forward dividend & yield||6.61 (6.83%)|
|1y target est||113.82|
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.
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 including 800 Caltex service stations and a 100,000-barrel per day refinery are up for sale.
Royal Dutch Shell took the top spot among oil and gas companies on the Forbes Global 2000's list of the biggest and most powerful public companies, surpassing last year's leader Exxon Mobil Corp. The Anglo-Dutch oil and gas giant ranked 11th among all companies on the list, up from 20th the previous year, mostly because of higher sales due to lofty commodity prices. The Forbes Global 2000 is determined by a composite score of equally weighted measures of revenue, profits, assets and market value.
Occidental Petroleum Corporation is at a 52-week high, but can investors hope for more gains in the future? We take a look at the fundamentals for OXY for clues.
The Zacks Analyst Blog Highlights: Momo, Baidu, China Petroleum & Chemical and Hollysys Automation Technologies
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.
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 ...
Production growth at its core assets, especially Montney Holdings, and higher price realization drive first-quarter results of Encana (ECA).
In a volatile week for U.S.-China relations, China stocks trading on U.S. markets predictably posted mixed results.
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
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.