Welcome to our dedicated page for China Pete & Chem news (Ticker: SNPMF), a resource for investors and traders seeking the latest updates and insights on China Pete & Chem stock.
News for CHINA PETE & CHEM H SHS (SNPMF) is closely tied to announcements from China Petroleum & Chemical Corporation (Sinopec Corp.), which describes itself as one of the largest integrated energy and chemical companies in China. Company press releases regularly cover performance across exploration and production, refining, marketing and distribution, and chemicals segments.
On this news page, readers can find coverage of quarterly, interim and annual results, where Sinopec Corp. reports metrics such as oil and gas production, refinery throughput, total sales volume of refined oil products and ethylene and other chemical production volumes. These releases often include commentary on domestic and international market conditions, such as trends in natural gas demand, refined oil product consumption and chemical margins.
Company news also highlights capital allocation and shareholder return policies, including cash dividend proposals, payout ratios and share repurchase plans or mandates approved by the board. In addition, press releases describe initiatives related to hydrogen energy, EV battery charging and swapping, gas refueling, and other new energy businesses, as well as actions connected to carbon peaking, green enterprise campaigns and emission reduction targets.
Investors and followers of SNPMF can use this page to review the sequence of Sinopec Corp. announcements over time, compare segment performance narratives, and see how the company describes its transition toward a comprehensive energy service provider of petrol, gas, hydrogen, power and service. Bookmark this page to access updated company-issued news items as they are released.
Sinopec (SNPMF) reported its H1 2025 financial results with a net profit of RMB 23.75 billion and total revenue of RMB 1.41 trillion. The company announced an interim cash dividend of RMB 0.088 per share and approved a new share repurchase plan.
Key operational highlights include: oil and gas output increased 2.0% to 263 million barrels of oil equivalent, natural gas production rose 5.1% to 736.3 billion cubic feet, and ethylene production grew 16.4% to 7.563 million tonnes. However, refinery throughput declined 5.3% to 120 million tonnes, and total refined oil products sales decreased 5.8% to 112.14 million tonnes.
The company faced challenges from declining oil prices and reduced domestic demand for refined products, resulting in decreased operating profits across segments: Exploration & Production (-18.9%), Refining (-50.4%), and Marketing & Distribution (-45.7%). The Chemicals segment reported an operating loss of RMB 4.2 billion.
Sinopec Corp. has announced its FY2024 results, reporting revenue of RMB 3.07 trillion and profit attributable to shareholders of RMB 48.939 billion. The company achieved basic earnings per share of RMB 0.404 (IFRS) and net cash flow from operating activities of RMB 149.360 billion.
Key operational highlights include:
- Oil and gas production increased 2.2% YoY to 515.35 million barrels of oil equivalent
- Natural gas production rose 4.7% YoY to 1,400.4 billion cubic feet
- Processed 252 million tonnes of crude oil with refined oil products at 153 million tonnes
- Total chemical sales volume reached 83.45 million tonnes, up 0.5%
The Board proposed a final cash dividend of RMB 0.14 per share, bringing total annual cash dividend to RMB 0.286 per share. Combined with share repurchases, the total payout ratio reached 75%. The Board also approved a new round of share repurchase mandate.
Sinopec Corp. announced promising interim results for H1 2024. Key highlights include:
- Operating revenue: RMB 1.58 trillion
- Profit attributable to shareholders: RMB 37.079 billion (up 2.6% YoY)
- Basic earnings per share: RMB 0.307 (up 2.0% YoY)
- Interim cash dividend: RMB 0.146 per share
- Oil and gas output: 258 million barrels of oil equivalent (up 3.1% YoY)
- Natural gas production: 700.6 billion cubic feet (up 6.0% YoY)
The Board approved the 'Action of Corporate Value and Return Plan', proposing to distribute cash dividends of not less than 65% of annual profit for the next three years (2024-2026). The company also outlined plans for green development, innovation-driven growth, and business transformation across its upstream, refining, and marketing segments.
China Petroleum & Chemical Corporation (Sinopec Corp.) announced its Q1 2023 unaudited results, reporting a net profit of RMB 20.740 billion, a year-on-year decrease of 11.87%. The company's operating income rose by 2.59% to RMB 791.331 billion. Oil and gas production reached 124.6 million boe, with natural gas at 330.47 billion cubic feet. The refining segment processed 62.24 million tonnes of crude oil, generating RMB 10.459 billion EBIT. The chemicals segment, however, faced challenges, realizing a RMB -3.022 billion EBIT. Despite a 5.3% increase in gas production, the realized crude oil price dropped by 15.5% to USD 75.21 per barrel.
FAQ
What is the current stock price of China Pete & Chem (SNPMF)?
What is the market cap of China Pete & Chem (SNPMF)?
