|Bid||80.00 x 1200|
|Ask||80.12 x 3000|
|Day's Range||79.50 - 80.31|
|52 Week Range||69.60 - 105.61|
|Beta (3Y Monthly)||1.37|
|PE Ratio (TTM)||9.79|
|Forward Dividend & Yield||8.63 (10.61%)|
|1y Target Est||116.53|
Futures fell 3 percent in New York on Wednesday. Domestic crude inventories rose by more than twice the rate forecast by analysts last week, according to the Energy Information Administration. Stockpiles also swelled at the nation’s key storage hub in Oklahoma to the highest since June.
BEIJING/SINGAPORE (Reuters) - China's Sinopec Corp is halving loadings of crude oil from Iran this month, as the state refiner comes under intense pressure from Washington to comply with a U.S. ban on Iranian oil from November, said people with knowledge of the matter. The sources did not specify volumes, but based on the prevailing supply contract between the top Chinese refiner and the National Iranian Oil Company (NIOC), its loadings would be reduced to about 130,000 barrels per day (bpd). This would be 20 percent of China's average daily imports from Iran in 2017, dealing a blow to Tehran, which has counted its top oil client to maintain imports while European and other Asian buyers wind down purchases to avoid U.S. sanctions.
NEW YORK, Sept. 26, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
A new refinery of Sinopec (SNP), with a daily processing capacity of 167,000 barrels of diluted bitumen, will be built in Alberta.
Moody's Investors Service has assigned an A1 senior unsecured rating to the USD senior unsecured notes to be issued by Sinopec Group Overseas Development (2018) Limited and guaranteed by its parent, China Petrochemical Corporation (Sinopec Group, A1 stable). The A1 rating on the notes reflects the irrevocable and unconditional guarantee from Sinopec Group. Sinopec Group's A1 issuer rating incorporates its baseline credit assessment (BCA) of a3 and Moody's expectation of a very high level of support from the Government of China (A1, stable), based on Sinopec Group's very high strategic importance to the Chinese economy, its government ownership, the good track record of support from the government, and reputational risks for the government should the company default.
China's independent refiners have ramped up their foreign oil buying after returning from prolonged summer maintenance to gear up for rising winter fuel demand, a sign that the financial pain from taxes and higher crude prices have ebbed for now. The pick-up in imports by private refiners, often called "teapots", has boosted the physical prices of Middle Eastern and Russian oil to their highest in months. The independents imported 6 million tonnes, or 1.4 million barrels per day (bpd) of crude in August, up 40 percent from July and 10 percent higher from the same period last year, Thomson Reuters Oil Research and Forecasts data showed.
On a per-share basis, the Beijing-based company said it had net income of $3.06. Earnings, adjusted to account for extraordinary items, came to $2.82 per share. The energy and chemical company posted revenue ...
Shareholders in China Petroleum & Chemical Corp., the giant oil refiner known as Sinopec, have little to complain about this year. At the same time, the strength of first-half earnings should remind the company’s new Chairman Dai Houliang how little investors are buying Sinopec’s story. Pure-play refiners such as Reliance Industries Ltd., Phillips 66, Marathon Petroleum Corp., Valero Energy Corp. and S-Oil Corp. typically have valuations at about double that level.
Neil Beveridge, analyst at Sanford C. Bernstein, talks about Chinese oil companies including China Petroleum & Chemical Corp., known as Sinopec, PetroChina and Cnooc. Sinopec raised its dividend payout ...
Achieves Growth across All Four Core Business Segments Dividend Payout Reaches Record High of RMB19.37 billion BEIJING , Aug. 26, 2018 /PRNewswire/ -- China Petroleum & Chemical Corporation ("Sinopec" ...
Aug 26 (Reuters) - China Petroleum & Chemical Corp : * SAYS H1 NET PROFIT UP 53.6 PERCENT Y/Y BY CHINA ACCOUNTING STANDARDS Source text in Chinese: https://bit.ly/2wfrsk9 Further company coverage: (Reporting ...
Aug 9 (Reuters) - China Petroleum & Chemical Corp : * SAYS CONTROLLING SHAREHOLDER PLANS TO TRANSFER 2.48 BILLION A-SHARES IN THE COMPANY TO TWO INVESTMENT FIRMS * SAYS CONTROLLING SHAREHOLDER'S HOLDING ...
South Africa’s Competition Commission was granted an extension of 15 working days to consult on a proposed deal in which a black-investor group backed by Glencore Plc would buy Chevron Corp.’s assets in southern Africa. The merging parties -- Off The Shelf Investments Fifty Six Pty Ltd. and Chevron South Africa Pty Ltd. -- opposed the extension application to the Competition Tribunal. Off The Shelf’s investors own the 25 percent of the southern African business that Chevron doesn’t.
Though oil majors are constantly cutting costs, boosting production and exploration, the real rise or fall in profits and revenue are largely dictated by crude prices
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.
ExxonMobil (XOM) to undertake construction and operation of natural gas liquefaction and associated facilities in the Rovuma LNG Project.
Enbridge's (ENB) assets in the divestment have a total capacity of 3.3 Bcf/day and 3,550 kilometer of natural gas gathering pipelines.
Shah Deniz 2, BP's largest upstream project in 2018, will help the company reach production target of 900,000 barrels of oil by 2021.
Hess' (HES) agreement to sell joint venture interest of Utica shale play is in sync with the strategy to focus on profitable projects which will boost prospects.