SNP - China Petroleum & Chemical Corporation
78.26 0.00 (0.00%)
After hours: 4:44PM EDT
| Previous Close | 78.48 |
| Open | 78.48 |
| Bid | 77.14 x 900 |
| Ask | 79.50 x 800 |
| Day's Range | 78.00 - 78.48 |
| 52 Week Range | 69.02 - 105.61 |
| Volume | 88,608 |
| Avg. Volume | 153,937 |
| Market Cap | 91.347B |
| Beta (3Y Monthly) | 1.67 |
| PE Ratio (TTM) | 8.60 |
| EPS (TTM) | 9.10 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 8.62 (10.84%) |
| Ex-Dividend Date | 2019-05-31 |
| 1y Target Est | 100.24 |
- Moody's•4 days ago
Origin Energy Finance Limited -- Moody's upgrades Origin Energy and Origin Energy Finance to Baa2; outlook stable
Moody's Investors Service has today upgraded Origin Energy Limited's (Origin's) long term issuer and its senior unsecured debt rating to Baa2 from Baa3 and its short term rating to P-2 from P-3. Moody's has also upgraded Origin Energy Finance Limited's senior unsecured rating to Baa2 from Baa3, senior unsecured MTN program rating to (P)Baa2 from (P)Baa3, and preference stock rating to Ba1 from Ba2. "The upgrade reflects our expectation that Origin's credit metrics will be sustained at levels consistent with Baa2 rating parameters, a result of the improved underlying performance and contribution from its APLNG investment as well as the company's deleveraging strategy and prudent balance sheet management" says Nicholas Chapman, a Moody's Vice President and Senior Analyst.
- Zacks•10 days ago
Sinopec, Royal Dutch Shell Team Up for Shale Oil Development
Sinopec (SNP) and Royal Dutch Shell to examine the Dongying trough of Shengli in China???s eastern province of Shandong.
- Zacks•15 days ago
CNOOC to Benefit From Possible US-China Final Trade Accord
The trade agreement is likely to benefit CNOOC (CEO), as the company has invested the most in LNG terminals in China.
- Zacks•17 days ago
PetroChina (PTR) 2018 Earnings Up 130.7% Y/Y on Upstream Power
PetroChina's (PTR) profit from its upstream segment jumps an impressive 375% owing to production and pricing gains.
- Insider Monkey•23 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 […]
Bloomberg•25 days agoChina'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 Newswire•25 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 ...
Bloomberg•26 days agoSinopec 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.
- Reuters•26 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)...
- Zacks•last month
Cheniere's Sabine Pass Train 5 to Come Online in August
Cheniere (LNG) looks well positioned to maintain its revenue growth trajectory over the coming years, on the back of solid operations and long-term contracts.
- Zacks•last month
ExxonMobil & BP Eye Homecoming in Alaska LNG With AGDC Deal
ExxonMobil (XOM) along with its collaborators will progress with the Alaska LNG project's authorization process from the FERC.
- Reuters•last 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.
- Zacks•last month
The Zacks Analyst Blog Highlights: Cheniere, Sinopec, Royal Dutch, Chevron and Dominion
The Zacks Analyst Blog Highlights: Cheniere, Sinopec, Royal Dutch, Chevron and Dominion
- Zacks•last month
LNG Exporters Set to Gain as U.S.-China Approach Trade Truce
Japan remains the world's largest buyer of LNG but China has leapfrogged South Korea to take the second place.
- Reuters•last 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.
- Reuters•last 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 Journal•last 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.
- Motley Fool•2 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.
- Zacks•2 months ago
Sinopec (SNP) 2018 Profit Surges Y/Y, Unipec Incurs Huge Loss
Sinopec's (SNP) operating profit surges in 2018 despite RMB 4.65 billion loss incurred by its trading arm, Unipec.
- InvestorPlace•2 months ago
The Oil Majors Are the Only Oil Stocks to Consider Now
When oil was discovered in Ohio, way back in the 1870s, refineries could not process it. Ohio oil had different chemical properties than the Pennsylvania oil refiners were accustomed to. Finding a solution, and keeping it to himself, helped John D. Rockefeller gain control of the resource and create the Standard Oil empire. His other secret weapon? Pipelines. Pipelines transport oil at a lower cost, and with greater safety, than anything else. Building and controlling the pipeline networks gave Standard Oil control of the market. Most U.S. oil majors are descended from the Standard. Exxon Mobil (NYSE:XOM) originally combined Standard Oil of New Jersey with a Texas oil producer, Humble Oil & Refining. XOM was originally Standard Oil of New York. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Something like that Ohio problem is hitting refiners now, and oil majors are taking advantage. That's why, despite low oil prices, oil stocks Royal Dutch Shell (NYSE:RDS.A, NYSE:RDS.B). XOM and Chevron (NYSE:CVX) all reported big quarterly profits last week. ### Oil Prices Vary Oilprice.com lists hundreds of different grades of oil. Most trade within a narrow range, based either on what's called Brent Crude, which comes from the North Sea and is considered a "world" price, or West Texas Intermediate, which is considered the "U.S." price. But it's not that simple. * 7 Stocks That Won Super Bowl Sunday Depending on pipeline capacity, and the chemical properties of the oil, the price can vary considerably. What's called "Western Canada Select," bitumen mined in Alberta and then mixed with natural gas liquids for transit, sells in the low-40s per barrel. "Bonny Light" oil from Nigeria, easily refined, collected offshore, transported by tanker and part of OPEC, sells for over $63.50 per barrel. There are even big opportunities in domestic oil. High-sulfur "sour" oils from Texas usually often trade at under $40 per barrel, but those prices are rising as refiners scramble to replace Venezuela supplies creating vast trading profits. Then there's the fact that the prices quoted may not be accurate. The industry and the Department of Energy have recently differed by as much as 400,000 barrels on the amount of U.S. oil in stockpiles. ### Take It Away International oil prices vary based on the cost of transport. Tighter supplies from OPEC can buoy U.S. oil prices, but only if traders can find tankers to transport it to where it's needed. Early in this decade, when oil prices were high, trucks and trains were needed to get supplies from North Dakota's Bakken formation. It was a scramble Rockefeller himself would have detested, but the result was that Bakken oil traded at a big discount to Texas oil, even though the products were nearly identical. Today, supplies in the Permian have overwhelmed the pipelines and, until new pipelines are completed, it's this "good" oil that's trading at a discount. ### The Oil War There is another opportunity for the majors, which is the use of oil as a weapon of war. The Trump Administration is now using oil as a weapon against Iran and Venezuela. Europe can sidestep the Iranian sanctions with special payment mechanisms but the problem is more acute in Venezuela, where getting oil out of the ground requires naphtha, about 90,000 barrels each day, to dilute the oil and let it flow. Venezuela had been getting naphtha from the U.S., mainly from those Gulf Coast refineries. Lack of naphtha could also take Venezuela off the market entirely until the crisis is past, which is what the Administration wants. * 10 Cold Weather Stocks to Heat Up Your Returns Whatever the solution, taking Venezuela oil out of the market also takes some U.S. refineries out of it. Higher gas prices and higher refinery profits may follow. ### The Bottom Line on Oil Stocks Getting around sanctions and transport bottlenecks is more profitable today than ever before. Chinese oil refiner China Petroleum & Chemical (NYSE:SNP) learned this the hard way last quarter. It lost $688 million during the quarter because it's just a refiner, without access to the supplies, pipelines and tankers that can help it arbitrage lower prices. That's why the big winners among today's oil stocks are the oil majors, especially the U.S. majors, and they are your best oil stocks to buy right now. Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing, he did not hold a postiion in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 F-Rated Stocks That Could Break Your Portfolio * 5 Fintech Stocks to Buy As This Mega Trend Gains Steam * 10 Cold Weather Stocks to Heat Up Your Returns Compare Brokers The post The Oil Majors Are the Only Oil Stocks to Consider Now appeared first on InvestorPlace.
- Motley Fool•3 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.
- Reuters•3 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.
