0386.HK - China Petroleum & Chemical Corporation

HKSE - HKSE Delayed Price. Currency in HKD
7.15
+0.12 (+1.71%)
At close: 4:08PM HKT
Stock chart is not supported by your current browser
Previous Close7.03
Open7.15
Bid7.15 x 0
Ask7.16 x 0
Day's Range7.02 - 7.23
52 Week Range5.40 - 8.35
Volume140,803,842
Avg. Volume126,044,923
Market Cap785.964B
Beta1.21
PE Ratio (TTM)14.10
EPS (TTM)0.51
Earnings DateN/A
Forward Dividend & Yield0.61 (8.84%)
Ex-Dividend Date2018-05-25
1y Target Est9.38
  • China Sits on the World's Biggest Shale Gas Prize. Pumping It Out Is the Hard Part
    Bloomberg2 days ago

    China Sits on the World's Biggest Shale Gas Prize. Pumping It Out Is the Hard Part

    China’s shale gas industry began with a long shot. Guo Xusheng, a stout and affable chief geologist at a unit of China Petroleum & Chemical Corp., persuaded his bosses in 2009 to give him about $3 million to drill deeper than anyone had before in southwestern China. For Sinopec, as the company is known, the shale boom in the U.S. convinced them that Guo’s plan was worth a try.

  • Sinopec launches $1.5 billion investment company in China's new economic zone
    Reuters3 days ago

    Sinopec launches $1.5 billion investment company in China's new economic zone

    Sinopec Group has launched a 10 billion yuan (£1.13 billion)investment firm in China's new economic zone of Xiongan to fund new energy, green products and artificial intelligence, the company said on Thursday. The new investment arm, Sinopec Capital Co Ltd, is one of the first state-run entities to be based in Xiongan, Sinopec said. The Xiongan New Area in Hebei province was launched in April 2017 by President Xi Jinping and is part of a state-driven campaign to integrate the economy of the Beijing-Tianjin-Hebei region and ease congestion and pollution pressures in the Chinese capital.

  • Asian stocks mostly lower as weak energy shares weigh
    MarketWatch4 days ago

    Asian stocks mostly lower as weak energy shares weigh

    Asian stocks are mostly lower on Tuesday as weak crude oil prices weighed on energy shares.

  • Is China Petroleum & Chemical Corporation’s (HKG:386) PE Ratio A Signal To Sell For Investors?
    Simply Wall St.27 days ago

    Is China Petroleum & Chemical Corporation’s (HKG:386) PE Ratio A Signal To Sell For Investors?

    The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want to better understand how you canRead More...

  • Oilprice.comlast month

    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

  • Reuterslast month

    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.

  • Reuterslast month

    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
    Bloomberglast month

    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
    Bloomberglast month

    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
    Zackslast month

    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
    Zackslast month

    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
    Zacks2 months 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
    Zacks2 months 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.

  • Read This Before Buying China Petroleum & Chemical Corporation (HKG:386) For Its Upcoming $0.4 Dividend
    Simply Wall St.2 months ago

    Read This Before Buying China Petroleum & Chemical Corporation (HKG:386) For Its Upcoming $0.4 Dividend

    Have you been keeping an eye on China Petroleum & Chemical Corporation’s (SEHK:386) upcoming dividend of CN¥0.4 per share payable on the 14 June 2018? Then you only have 3Read More...

  • Glencore Is Said to Near $1 Billion Chevron Southern Africa Deal
    Bloomberg2 months ago

    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.

  • TheStreet.com2 months ago

    How to Play Oil's Big Rebound

    Oil has been on a constant march higher since bottoming out last June. You might even recall that 2014 was particularly brutal for oil, which lost more than half of its value during the year's second half.

  • 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.

  • Reuters3 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
    Zacks3 months ago

    New Strong Buy Stocks for May 1st

    New Strong Buy Stocks for May 1st

  • PR Newswire3 months ago

    China Petroleum & Chemical Corporation Files 2017 Annual Report on Form 20-F

    HONG KONG , April 27, 2018 /PRNewswire/ -- China Petroleum & Chemical Corporation ("Sinopec Corp." or "the Company") (HKEX: 00386 ) ( SSE: 600028 ) ( NYSE: SNP) announced that it has ...

  • PR Newswire3 months ago

    China Petroleum & Chemical Corporation Files 2017 Annual Report on Form 20-F

    HONG KONG , April 27, 2018 /PRNewswire/ -- China Petroleum & Chemical Corporation ("Sinopec Corp." or "the Company") (HKEX: 00386 ) ( SSE: 600028 ) ( NYSE: SNP) announced that it has ...

  • PR Newswire3 months ago

    Sinopec Corp Posts Net Profit of RMB 19.3 billion for Q1 2018

    Deepened Supply-Side Structural Reform with Remarkable Improvement in Quality and Efficiency BEIJING , April 26, 2018 /PRNewswire/ -- China Petroleum & Chemical Corporation ("Sinopec Corp." or ...

  • PR Newswire3 months ago

    Sinopec Corp Posts Net Profit of RMB 19.3 billion for Q1 2018

    Deepened Supply-Side Structural Reform with Remarkable Improvement in Quality and Efficiency BEIJING , April 26, 2018 /PRNewswire/ -- China Petroleum & Chemical Corporation ("Sinopec Corp." or ...

  • Reuters3 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.