What does Sinopec stand for?
|SINOPEC||China Petrochemical Corporation|
Is Sinopec a big company?
The Company is the largest oil and petrochemical products supplier and the second largest oil and gas producer in China, the largest refining company and the second largest chemical company in the world.
How much money does Sinopec have?
Sinopec Achieved Good Performance in 2022 Q1 Net Profit Reached RMB 23.3 Billion, Up by 24.3% yoy
|Exploration and Production||Unit||Three-month period ended 31 March|
|Oil and gas production||million barrels||121.41|
|Crude oil production||million barrels||69.07|
What type of company is Sinopec?
oil refining, gas and petrochemical conglomerate
Sinopec Limited’s parent, Sinopec Group, is the world’s largest oil refining, gas and petrochemical conglomerate, headquartered in Chaoyang District, Beijing.
Is Sinopec owned by China?
Sinopec Group is wholly owned by the China State-owned Assets Supervision and Administration Commission. It is China’s largest supplier of oil and petrochemical products, one of the largest oil-and-gas producers and plays a key policy role in implementing China’s retail fuel-price mechanism.
How many countries do Sinopec sell to?
Sinopec has over 51 overseas oil and gas exploration and production projects in 25 countries, including Canada, Angola, the U.S., Cameron, Qatar, Russia, and Egypt.
Is Sinopec owned by Chinese government?
Why is Sinopec so cheap?
The exceptionally cheap valuation of Sinopec can be partly attributed to the inherent risks of the stock. The energy sector is highly cyclical due to the dramatic swings of the prices of oil and gas.
Is Sinopec a good investment?
Valuation metrics show that SINOPEC Shangai Petrochemical Company, Ltd. may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of SHI, demonstrate its potential to outperform the market.
What do Sinopec produce?
crude oil and natural gas
China Petroleum & Chemical Corp. engages in the exploration, development and production of crude oil and natural gas. It operates through the following segments: Exploration and Production; Refining; Marketing and Distribution; Chemicals; and Corporate and Others.
Who makes Sinopec?
Sinopec Group is a state-owned company solely invested by the State, functioning as a state-authorized investment organization in which the state holds the controlling share. Headquartered in Beijing, Sinopec Group has a registered capital of RMB 182 billion.
Is SPC and Sinopec same?
Profile. SPC is one of the largest integrated refined petroleum and petrochemical product manufacturer in China, with around 2-3% share in the domestic market. China Petroleum & Chemical Corporation (Sinopec, Bloomberg ticker: 386 HK) is the parent of SPC, holding a 50.44% stake in the company.
Can China buy Russian oil?
It imported 7.82 million tons of oil from Saudi Arabia in May. China bought $7.47 billion worth of Russian energy products last month, about $1 billion more than in April, according to Bloomberg News.
Who supplies the US with oil?
The top five source countries of U.S. gross petroleum imports in 2021 were Canada, Mexico, Russia, Saudi Arabia, and Colombia. Note: Preliminary data.
Is Sinopec a good company?
Sinopec is rated 4.3 out of 5, based on 39 reviews by employees on AmbitionBox. Sinopec is known for Work Satisfaction which is rated at the top and given a rating of 3.9. However, Career growth is rated the lowest at 3.5 and can be improved.
Is Sinopec same as Shell?
Sinopec is said to be sourcing its fuels from Shell, with which it has a close working relationship in China. In 2004, the pair inked a deal to open 500 refuelling stations in China. The Anglo-Dutch giant has meanwhile continued to dismiss talk that it will sell or lease some of its kiosks in Singapore to Sinopec.
Why did Sinopec share price drop?
The fall was mainly due to a 51.6 per cent year-on-year fall in its crude oil selling price that saw its oil and gas production operation sink into an operating loss.
Is Sinopec state-owned?
Sinopec Group Sinopec remains Asia’s largest oil refiner and a king in China’s state-owned corporate hierarchy.