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China Petroleum & Chemical Corporation (600028.SS)

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China’s Distressed Pig Farmers Eye Turnaround as Herd Shrinks

(Bloomberg) -- Chinese farmers are keeping the fewest pigs for breeding since 2020, offering hopes that the industry is on the cusp of sustained profitability after years of losses.Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s New Chopper Is Demoted After Scorching White House LawnTesla Speeds Cheaper EV Plans, Calming Fears Over StrategyBillionaire Pinaults Fight to Pull Gucci Off the Discount RackRay Dalio’s Famous Trade Is Sputtering, Investors Bail

Bloomberg 2 days ago

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Sinopec Completes Drilling of China's Deepest Geothermal Exploration Well of 5,200 Meters

China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has successfully completed the drilling of China's deepest geothermal exploration well, the Fushen-1 Well in Hainan with a well depth of 5,200 meters. The milestone has revealed the mechanism of deep geothermal formation and enrichment in South China, the new breakthrough in the exploration of hot dry rock in terms of demographic region and depth is of great significance to enhance the large-scale development and utilization of geothe

PR Newswire 16 days ago

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Sinopec and TotalEnergies Ink Agreement for Sustainable Aviation Fuel Production

China Petroleum & Chemical Corporation (HKG:0386, "Sinopec") has inked a landmark heads of agreement (HoA) with TotalEnergies in Beijing, embarking on a joint venture to produce sustainable aviation fuel (SAF) from waste oils at one of Sinopec's refineries. The partnership aims to achieve an annual production capacity of 230,000 tons, with the new production line co-operated by both entities.

PR Newswire 23 days ago

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Sinopec Files 2023 Annual Report, Hits USD 444.81 Billion Revenue with 14.5 Percent YoY Growth

China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has recently filed the 2023 Annual Report and disclosed the group's operating revenue in accordance with International Financial Reporting Standards (IFRS), hitting 3.21 trillion yuan (USD 444.66 billion) with operation earnings of 86.828 billion yuan (USD 12.03 billion), a 14.5 percent growth year-on-year; profit attributable to shareholders amounted to 58.31 billion yuan (USD 8.08 billion) and earnings per share was 0.487 yuan.

PR Newswire 30 days ago

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Sinopec FY2023 Annual Results

Sinopec Achieved Solid 2023 Operating Results Focus on Shareholders' Returns, Dividend Payout Exceeded 70% BEIJING, CHINA) / ACCESSWIRE / March 24, 2024 / China Petroleum & Chemical Corporation ("Sinopec Corp." or the "Company") (HKEX:386)(SSE: 600028) ...

ACCESSWIRE last month

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Top 20 Chemical Exporting Countries in the World

In this article, we will look at the top 20 chemical exporting countries in the world. If you want to skip our detailed analysis, head straight to the Top 5 Chemical Exporting Countries in the World. Chemicals Market Outlook The chemical industry is one of the most important industries in the world and is directly […]

Insider Monkey last month

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Sinopec's West Sichuan Gas Field Enters Operation

China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has announced that the West Sichuan Gas Field, Sinopec's third 100-billion-cubic-meter submarine natural gas field in the Sichuan basin, has been completed, marking another major milestone for its Project Deep Earth – Sichuan and Chongqing Natural Gas Base. The new gas field, with an annual output of 2 billion cubic meters of natural gas and 130,000 tons of sulfur, is set to provide more clean energy for Southwestern China and the reg

PR Newswire last month

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China Petroleum & Chemical Corporation Intends to Deregister and Terminate Its Reporting Obligations Under the U.S. Securities Exchange Act of 1934

NEW YORK, NY / ACCESSWIRE / December 8, 2023 / China Petroleum & Chemical Corporation ("Sinopec Corp." or the "Company") (HKEX:00386)(SSE:600028) announced today that the Company intends to deregister with the United States Securities and Exchange ...

ACCESSWIRE 4 months ago

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Sinopec Highlights CCUS Achievements at COP 28 and Releases Its First 10-Year Performance Report on Supporting "Belt and Road" Initiative

China Petroleum & Chemical Corporation's (HKG: 0386, "Sinopec") has highlighted the key achievements in carbon capture, utilization, and storage (CCUS) and released the first 10-year performance report supporting the "Belt and Road" Initiative ("BRI") at the "Carbon Capture, Utilization and Storage Progress in China" and "The World Conference on Best Practicing of Carbon Neutrality" on China Pavilion side events hosted during the COP28 held from November 30 to December 12 in Dubai, showcasing Si

PR Newswire 4 months ago

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China's Largest LNG Storage Tank of 270,000 Cubic Meters Now in Operation

China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has officially put China's first and also the world's largest LNG storage tank of 270,000 cubic meters into service on November 2 at its Qingdao LNG Receiving Terminal. The tank will add 165 million cubic meters of storage capacity to meet the gas demand of 2.16 million households for five months during the winter heating season, which will enhance and guarantee the natural gas supply in North China.

PR Newswire 5 months ago

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Sinopec Corp. (00386.HK) Announces 2023 Q3 Results

HONG KONG, CHINA / ACCESSWIRE / October 26, 2023 / China Petroleum & Chemical Corporation ("Sinopec Corp." or "the Company") (HKEX:00386)(SSE:600028) today announced its unaudited results for the nine months ended 30 September 2023.Financial HighlightsIn ...

ACCESSWIRE 5 months ago

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WGC2023 Publishes Beijing Declaration and the World's First Geothermal Industry Standard

The 7th World Geothermal Congress (WGC2023), hosted by China Petrochemical Corporation (Sinopec Group), has officially published the world's first geothermal industry standards (the "Standards") and Beijing Declaration during the closing ceremony in Beijing.

PR Newswire 7 months ago

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World Geothermal Congress 2023 Opens in Beijing, Pushing Forward Ecological Development Strategies to Build A Greener Future

The 7th World Geothermal Congress (WGC2023), hosted by China Petrochemical Corporation (Sinopec Group) under the theme of "Clean Geothermal, Green Earth," kicks off at China National Convention Center in Beijing. It is China's first time hosting the international geothermal event of this kind.

PR Newswire 7 months ago

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China's First 10,000-ton Photovoltaic Green Hydrogen Pilot Project Now Fully Built and Put into Production

China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") completed the construction of the Sinopec Xinjiang Kuqa Green Hydrogen Pilot Project (the "Project"), China's largest photovoltaic green hydrogen production project lately. It is put into operation to produce an annual green hydrogen of 20,000 tons at full capacity, a significant breakthrough in China's scaled industrial applications of green hydrogen.

PR Newswire 7 months ago

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Sinopec sets up new entity to expand refinery investment abroad

China's Sinopec Corp is setting up a new entity to invest in refinery and petrochemical assets overseas in a bid to leverage its expertise and deep pockets to expand globally as local Chinese oil demand nears a plateau. After a quiet launch in late June of Sinopec Overseas Investment Holding as its sole platform for investing, building and operating refineries abroad, Sinopec is building up the team and setting the budget for the new entity, two company officials told Reuters. Sinopec will "expand overseas refining and chemical business by taking full advantage of the group's core strength", Zhao Dong, president of parent company China Petrochemical Corp, was quotes as saying in late June when Sinopec announced the new entity in an in-house newsletter.

Reuters 7 months ago

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UPDATE 2-Sinopec not interested in acquiring Shell's Singapore assets

Asia's top refiner, Sinopec Corp, is not interested in acquiring Shell's refinery or petrochemical plant in Singapore although it is keen on participating in a shale gas project in Saudi Arabia, the Chinese company's president said on Monday. Sinopec President Yu Baocai was speaking after sources last week told Reuters that Shell had hired Goldman Sachs to advise on a potential sale of its Singapore assets and that Sinopec was among the companies reviewing them. However, Yu, speaking at a briefing in Hong Kong after the state-run oil and gas giant reported a 20% decline in interim earnings, said that Sinopec is interested in participating in Saudi Arabia's Jafurah shale gas project.

Reuters 7 months ago

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Sinopec Announces 2023 Interim Results

China Petroleum & Chemical Corporation ("Sinopec Corp." or the "Company") (HKEX: 386; SSE: 600028) today announced its interim results for the six months ended 30 June 2023.

ACCESSWIRE 7 months ago

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China's Sinopec plans steady refinery output on fuel recovery

(Reuters) -Chinese refining giant Sinopec Corp plans to maintain steady refinery output during the second half of 2023 as domestic fuel demand recovers, after reporting a 20% decline in interim profit because of lower crude oil prices. Sinopec, the world's largest refiner by capacity, plans 127 million metric tons of crude throughput, about 5.04 million barrels per day, between July and December, versus 126.54 million tons during the first six months, the company said in a stock filing on Sunday. Sinopec on Sunday reported a 20.1% fall in interim net profit for the first half of the year compared with the same period of 2022, to 35.11 billion yuan ($4.82 billion), on lower crude prices despite higher refinery output and growth in fuel sales.

Reuters 7 months ago

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Sinopec Announces Major Gas Field Discovery in Sichuan Basin, China

China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has received official certification for the 30.55-billion-cubic-meter proven geological reserve of natural gas discovered in phase-I of its Bazhong gas field, a significant breakthrough of Sinopec's Project Deep Earth-Sichuan and Chongqing natural gas base that further reveals favorable potential of the tight sandstone in northeast Sichuan, China.

PR Newswire 7 months ago

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Sinopec Paves the Way for High-Quality Growth in Petrochemical Industry Using Innovative Drive, Energy Efficiency and Consumption Optimization Approaches

Ma Yongsheng, Chairman of China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec"), has remarked that China's petrochemical industry is looking at profound adjustment and transformation in times of change at the forum for petrochemical industry development trends under the context of "Dual Carbon" goals (the "Forum") hosted on July 22 in Beijing.

PR Newswire 8 months ago

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Performance Overview

Return	600028.SS	HANG SENG INDEX
YTD	+17.20%	+3.54%
1-Year	+5.76%	-10.03%
3-Year	+93.92%	-39.30%

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China Petroleum & Chemical Corporation (600028.SS)

China’s Distressed Pig Farmers Eye Turnaround as Herd Shrinks

Sinopec Completes Drilling of China's Deepest Geothermal Exploration Well of 5,200 Meters

Sinopec and TotalEnergies Ink Agreement for Sustainable Aviation Fuel Production

Sinopec Files 2023 Annual Report, Hits USD 444.81 Billion Revenue with 14.5 Percent YoY Growth

Sinopec FY2023 Annual Results

Top 20 Chemical Exporting Countries in the World

Sinopec's West Sichuan Gas Field Enters Operation

China Petroleum & Chemical Corporation Intends to Deregister and Terminate Its Reporting Obligations Under the U.S. Securities Exchange Act of 1934

Sinopec Highlights CCUS Achievements at COP 28 and Releases Its First 10-Year Performance Report on Supporting "Belt and Road" Initiative

China's Largest LNG Storage Tank of 270,000 Cubic Meters Now in Operation

Sinopec Corp. (00386.HK) Announces 2023 Q3 Results

WGC2023 Publishes Beijing Declaration and the World's First Geothermal Industry Standard

World Geothermal Congress 2023 Opens in Beijing, Pushing Forward Ecological Development Strategies to Build A Greener Future

China's First 10,000-ton Photovoltaic Green Hydrogen Pilot Project Now Fully Built and Put into Production

Sinopec sets up new entity to expand refinery investment abroad

UPDATE 2-Sinopec not interested in acquiring Shell's Singapore assets

Sinopec Announces 2023 Interim Results

China's Sinopec plans steady refinery output on fuel recovery

Sinopec Announces Major Gas Field Discovery in Sichuan Basin, China

Sinopec Paves the Way for High-Quality Growth in Petrochemical Industry Using Innovative Drive, Energy Efficiency and Consumption Optimization Approaches

Performance Overview