0386.HK - China Petroleum & Chemical Corporation

HKSE - HKSE Delayed Price. Currency in HKD
6.110
-0.050 (-0.81%)
At close: 4:08PM HKT
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Previous Close6.160
Open6.180
Bid6.100 x 0
Ask6.110 x 0
Day's Range6.090 - 6.190
52 Week Range5.370 - 8.350
Volume99,528,237
Avg. Volume94,407,458
Market Cap716.923B
Beta (3Y Monthly)1.23
PE Ratio (TTM)10.54
EPS (TTM)0.580
Earnings DateN/A
Forward Dividend & Yield0.61 (9.81%)
Ex-Dividend Date2019-05-31
1y Target Est8.36
  • Reuters10 days ago

    Shell enters China's shale oil scene with joint study with Sinopec

    Royal Dutch Shell has entered China's shale oil sector, signing an agreement with state-owned Sinopec to study an East China block, part of the nation's early efforts to unlock the potentially massive unconventional resource. China is already in the initial stages of developing its vast shale gas resources, with production last year making up just 6 percent of total gas output after more than a decade of work. China's shale oil is at an even more basic phase due to challenging geology and hefty development costs, experts said.

  • Shareholders Should Look Hard At China Petroleum & Chemical Corporation’s (HKG:386) 7.7% Return On Capital
    Simply Wall St.18 days ago

    Shareholders Should Look Hard At China Petroleum & Chemical Corporation’s (HKG:386) 7.7% Return On Capital

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Today we'll evaluate China Petroleum & Chemical Corporation (HKG:386) to determine whether it could have potential as an invest...

  • Were Hedge Funds Right About Buying China Petroleum & Chemical Corp (SNP)?
    Insider Monkey23 days ago

    Were Hedge Funds Right About Buying China Petroleum & Chemical Corp (SNP)?

    Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients' money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth also depends on it. Regardless of the various methods used by elite investors like David Tepper and David […]

  • China's Big Oil Aims Spending Boom at Old Wells to Heed Call
    Bloomberg25 days ago

    China's Big Oil Aims Spending Boom at Old Wells to Heed Call

    China’s big three -- PetroChina Co., Sinopec Corp. and Cnooc Ltd. -- are raising combined capital expenditure to about 517 billion yuan ($77 billion), up 18 percent from last year. Meanwhile, Exxon Mobil Corp. is pouring money into world-class assets that will raise output in the coming years, including Guyana, Papua New Guinea and Brazil, as well as the Permian Basin.

  • PR Newswire25 days ago

    Sinopec's Net Profit Up Over 20% to RMB 61.6 Billion in 2018

    Achieve Solid Development across All Four Core Business Segments; Total Cash Dividends Reaches RMB 50.8 Billion BEIJING , March 25, 2019 /PRNewswire/ --  China Petroleum & Chemical Corporation ( "Sinopec ...

  • Sinopec Boosts Spending to 2014 High, Refining Profit Sinks
    Bloomberg25 days ago

    Sinopec Boosts Spending to 2014 High, Refining Profit Sinks

    Spending was 118 billion yuan in 2018, above the 117 billion yuan estimated by Sinopec. Sinopec has focused its upstream efforts in recent years on expanding natural gas output. Get MoreFull-year net income rose to 61.6 billion yuan from 51.2 billion a year ago, the company known officially as China Petroleum & Chemical Corp. said.

  • Reuters26 days ago

    BRIEF-China Petroleum & Chemical's 2018 Net Profit Up 23.4 Percent Y/Y

    March 24 (Reuters) - China Petroleum & Chemical Corp : * SAYS 2018 NET PROFIT UP 23.4 PERCENT Y/Y Source text in Chinese: https://bit.ly/2U5dOxj Further company coverage: (Reporting by Hong Kong newsroom)...

  • Reuterslast month

    Saudi Aramco shifts strategy in China to boost oil sales

    DUBAI/SINGAPORE/BEIJING (Reuters) - Rising Russian and U.S. competition has pushed Saudi Aramco to find new buyers for its oil in China, encouraging a shift towards independent refiners and newcomers to the business. It reflects a new strategy for the Saudi Arabian oil giant after years of dealing almost exclusively with major state-owned Chinese energy firms, industry sources say. Aramco's new partners lack the scale and marketing reach of PetroChina and Sinopec Corp, the state-run firms that dominate China's refining, petrochemical and retail fuel business, analysts say.

  • Could The China Petroleum & Chemical Corporation (HKG:386) Ownership Structure Tell Us Something Useful?
    Simply Wall St.last month

    Could The China Petroleum & Chemical Corporation (HKG:386) Ownership Structure Tell Us Something Useful?

    The big shareholder groups in China Petroleum & Chemical Corporation (HKG:386) have power over the company. Institutions often own shares in more established companies, while it's not unusual to seeRead More...

  • Reuterslast month

    Yum China to open restaurants at Sinopec, CNPC gas stations in China

    Yum China Holdings on Tuesday said it has partnered with Sinopec Corp and China National Petroleum Corporation (CNPC) to open more than 100 franchise restaurants at the oil giants' gas stations in China. Yum China said the partnership aims to open the franchise stores over the next three years, adding that Sinopec and CNPC collectively operate over 50,000 gas stations in the country.

  • Reuterslast month

    Sinopec prepares to buy U.S. LNG in case govt orders purchase: president

    China's Sinopec Corp will make arrangements to purchase liquefied national gas (LNG) from the United States as soon as they are ordered to do so by the government, Sinopec President Ma Yongsheng told Reuters on Tuesday. As part of the deal, there would be an $18 billion purchase of natural gas from Houston-based Cheniere Energy Inc, Wall Street Journal reported.

  • Reuterslast month

    Sinopec prepares to buy U.S. LNG in case govt orders purchase -president

    China's Sinopec Corp will make arrangements to purchase liquefied national gas (LNG) from the United States as soon as they are ordered to do so by the government, Sinopec President Ma Yongsheng told Reuters on Tuesday. As part of the deal, there would be an $18 billion purchase of natural gas from Houston-based Cheniere Energy Inc, Wall Street Journal reported.

  • The Wall Street Journallast month

    [$$] Cheniere Deal With China Signals Country’s Key Role in LNG Exports

    Cheniere Energy Inc.’s expected $18 billion deal to supply natural gas to China signals the company’s growing bet on the country, and China’s emergence as a top market for U.S. gas exporters. In a move that would be announced as part of a broader U.S.-China trade deal, China’s state-owned China Petroleum & Chemical Corp., known as Sinopec, will agree to a long-term contract to buy about $18 billion of liquefied natural gas from Cheniere, The Wall Street Journal reported Sunday. The deal would be the third long-term supply agreement Cheniere has signed in the country, and a sign that China figures prominently in its future plans.

  • What To Know Before Buying China Petroleum & Chemical Corporation (HKG:386) For Its Dividend
    Simply Wall St.2 months ago

    What To Know Before Buying China Petroleum & Chemical Corporation (HKG:386) For Its Dividend

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Dividends play a key role in compoundingRead More...

  • Why 4 Oil Stocks From Canada to China Rallied in January
    Motley Fool2 months ago

    Why 4 Oil Stocks From Canada to China Rallied in January

    It was a good month for oil companies like Vermilion, Suncor, and Noble Energy. Here's what happened and what it could mean for the future.

  • Reuters3 months ago

    Factbox: China's oil majors tap new discoveries as they step up drilling

    SINGAPORE (Reuters) - China's national oil companies are raising spending on domestic oil and gas drilling to the highest levels since 2016, responding to Beijing's call to boost national energy security. ...

  • 3 Top Chinese Stocks to Watch in January
    Motley Fool3 months ago

    3 Top Chinese Stocks to Watch in January

    Here's a trio of Chinese companies that are worth a deep dive in January -- though not all may be buys in the end.

  • Reuters3 months ago

    China's Sinopec reveals $687 million oil trading loss

    BEIJING/SINGAPORE (Reuters) - Sinopec Corp said its trading unit Unipec lost 4.65 billion yuan (525.64 million pounds) on crude oil hedging in the fourth quarter, one of China's largest derivatives trading losses in nearly a decade. Asia's top refiner, which said the loss had pulled down its fourth quarter profits, suspended Unipec President Chen Bo last month, citing unspecified trading losses. State-owned Sinopec still managed to report its best annual results since 2013 on Friday.

  • Reuters3 months ago

    BRIEF-Sinopec's Preliminary Profit Rises, Production For Oil And Gas, Natural Gas Up In 2018

    Jan 25 (Reuters) - China Petroleum & Chemical Corp : * SAYS PRELIM 2018 NET PROFIT UP 22.0 PERCENT Y/Y AT 62.4 BILLION YUAN ($9.23 billion) * SAYS 2018 OIL AND GAS PRODUCTION 451.4 MMBOE, UP 0.59 PERCENT ...

  • The Wall Street Journal3 months ago

    [$$] China’s Slowdown Is a Drag for Fuel Refiners

    An economic slowdown will curb China’s appetite for gasoline this year. Chinese demand has been a key support for oil prices this decade. Import volumes rose at double-digit percentages in 2017 and 2018, as car ownership and industrial use both grew.

  • Here’s How P/E Ratios Can Help Us Understand China Petroleum & Chemical Corporation (HKG:386)
    Simply Wall St.3 months ago

    Here’s How P/E Ratios Can Help Us Understand China Petroleum & Chemical Corporation (HKG:386)

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll show how you can use China Petroleum & Chemical Corporation's Read More...

  • Sinopec's marketing arm listing may prove hard sell in soft markets
    Reuters3 months ago

    Sinopec's marketing arm listing may prove hard sell in soft markets

    SINGAPORE/HONG KONG (Reuters) - Sinopec Corp, Asia's top refiner, may have a hard time finding buyers for a multi-billion-dollar stock offering of its fuel marketing arm because of investor pushback against higher valuations amid tepid equity markets. Sinopec won final regulatory approval in December for the listing of its marketing unit in Hong Kong, said two people with knowledge of the matter. Hong Kong's Heng Seng Index has dropped 19 percent since it hit a record in January 2018.