|Bid||5.720 x 0|
|Ask||5.730 x 0|
|Day's Range||5.660 - 5.740|
|52 Week Range||5.200 - 6.570|
|PE Ratio (TTM)||13.39|
|Forward Dividend & Yield||0.02 (2.01%)|
|1y Target Est||7.45|
BEIJING/MOSCOW (Reuters) - As part of its recent $9.1 billion investment in Russian oil giant Rosneft (ROSN.MM), little-known CEFC China Energy will have access to up to 260,000 barrels per day (bpd) of Russian oil - giving it the sort of market clout to potentially challenge dominant Western oil traders like Vitol. For China, the world's top crude importer, having access to Russian oil would be a big step towards its ambition to create a globally integrated oil supply chain. The CEFC deal comes in parallel to a Chinese offer to buy a 5 percent stake in Saudi Aramco, the world's biggest crude oil exporter.
Hong Kong’s market for initial public offerings is heading for its worst year since 2012 as a combined $20 billion of megadeals are being pushed to next year.
DUBAI/LONDON (Reuters) - China is offering to buy up to 5 percent of Saudi Aramco directly, sources said, a move that could give Saudi Arabia the flexibility to consider various options for its plan to float the world's biggest oil producer on the stock market. Chinese state-owned oil companies PetroChina and Sinopec have written to Saudi Aramco in recent weeks to express an interest in a direct deal, industry sources told Reuters. The companies are part of a state-run consortium including China's sovereign wealth fund, the sources say.
SINGAPORE/NEW YORK (Reuters) - Asia is set to ramp up crude oil imports from the United States in late 2017 and early next year, with buyers searching out cheap supplies after hurricanes hit U.S. demand for the commodity at a time of rising production in the country. As many as 11 tankers, partly or fully laden with U.S. crude, are due to arrive in Asia in November, with another 12 to load oil in the United States later in October and November before sailing for Asia, according to shipping sources and data on Thomson Reuters Eikon.
Shares of Alibaba Group Holdings (BABA) rose 0.8% Wednesday after it announced a $15 billion technology investing plan. Tel Aviv, Israel, Singapore and in the United States -- in San Mateo, Calif. and Bellevue, Wash. The lab research will include work on "data intelligence, Internet of Things, fintech, quantum computing and human-machine interaction," according to Alibaba. The program will be called the Alibaba DAMO Academy, with the acronym representing "Academy for Discovery, Adventure, Momentum and Outlook." More on the professorial advisory board, and comments from Alibaba's chief technology officer, in the company's press release.
Glencore Plc is among companies considering bidding for Chevron Corp.’s South African assets after a proposed sale to China Petroleum & Chemical Corp. stalled when local partners said they will exercise ...
Saudi Arabian Oil Co., the world’s biggest oil exporter, is in talks with Sibur Holding PJSC, Russia’s largest petrochemical producer, about forming a joint venture to make synthetic rubber in the desert ...
The Zacks Analyst Blog Highlights: UBS Group, Accenture, Sinopec, Wells Fargo and Restaurant Brands International
In the first day of trading after China said it’s working on a deadline to end sales of fossil-fuel-powered vehicles, shares are holding ground in the oil companies that stand to lose out.
Just when the world thought China was retreating -- pushing acquisitive private companies to relinquish their global shopping sprees -- it looks like Beijing might be getting out its check book again.
U.S. authorities are investigating China Petroleum & Chemical Corp. over allegations that the state-controlled oil producer paid Nigerian officials about $100 million worth of bribes to resolve a business ...
All Four Business Segments Realize Solid Development BEIJING , Aug. 27, 2017 /PRNewswire/ -- China Petroleum & Chemical Corporation ("Sinopec" or the "Company")(HKEX: 386; SSE: 600028; ...
Sinopec's Shengli Oilfield said it will cut its Internet connection for some of its offices after a malicious ransom software attacked of 21 of its Internet terminals, the company said on its official website on Monday. Sinopec's Shengli Oilfield became the latest victim of the ransomware that hobbled big business across the globe. Shengli Oilfield, which began pumping oil in 1964, was one of the largest sources of production for Sinopec.
For the past two decades, Beijing has listed the stocks and bonds of its state-owned enterprises in Hong Kong—the offshore finance center with a separate business-friendly legal system—as a means of raising ...
SINGAPORE/BEIJING (Reuters) - China is on pace to overtake the United States as the world's biggest oil importer this year, cementing its status as Asia's most pivotal oil market actor that will increasingly dominate the region's fuel trade. For the first time, China imported more crude oil in the first half of the year than the U.S., government statistics showed. China averaged 8.55 million barrels per day (bpd) versus 8.12 million bpd in the U.S., a trend that is expected to last.
Oil bulls grappling with OPEC’s weakened resolve to curb output are also having to worry about waning demand in the world’s biggest buyer of overseas crude.
The former general manager of Sinopec Group will be prosecuted for alleged graft, China's anti-graft watchdog says.
China Petroleum & Chemical Corporation or Sinopec (SNP) recently announced its intention to invest in the continued expansion to other countries.
China Petroleum and Chemical Corporation (SNP) or Sinopec reported first-quarter 2017 earnings per ADR of U.S$1.98 compared with 81 U.S cents in the year-ago comparable quarter.
BP Plc (BP) recently declared that it has inked an agreement to divest its 50% stake in Shanghai SECCO Petrochemical Company Limited to China Petroleum & Chemical Corporation or Sinopec's (SNP) subsidiary, Gaoqiao Petrochemical Co Ltd., for $1.68 billion
On a per-share basis, the Beijing-based company said it had net income of $1.99. Earnings, adjusted for non-recurring gains, were $1.98 per share. China Petro&Chm shares have increased 14 percent since ...
Aug.27 -- The world's biggest oil refiner, Sinopec, posted a 40% jump in first-half profit. It was down to stronger earnings from its chemical business. Bloomberg's Tom Mackenzie reports on "Bloomberg Markets: Asia."