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China Petroleum & Chemical Corp - SNPTY STOCK NEWS

Welcome to our dedicated news page for China Petroleum & Chemical (Ticker: SNPTY), a resource for investors and traders seeking the latest updates and insights on China Petroleum & Chemical.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect China Petroleum & Chemical's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of China Petroleum & Chemical's position in the market.

News
Sinopec Completes Drilling of China's Deepest Geothermal Exploration Well of 5,200 Meters
Rhea-AI Summary
Sinopec, China Petroleum & Chemical , completes drilling of China's deepest geothermal exploration well, Fushen-1 Well, at 5,200 meters. The milestone reveals deep geothermal formation mechanisms in South China, enhancing geothermal resource utilization. Sinopec adopts innovative technologies for exploration, aiming to establish a research platform and contribute to China's 'Dual-Carbon' goal. Deep geothermal resources offer stable, green energy with vast potential. Sinopec leads in geothermal energy development with significant achievements and industry standards.
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Sinopec and TotalEnergies Ink Agreement for Sustainable Aviation Fuel Production
Rhea-AI Summary
China Petroleum & Chemical (Sinopec) partners with TotalEnergies to produce sustainable aviation fuel, aiming for an annual capacity of 230,000 tons. The joint venture combines Sinopec's bio-jet fuel technology with TotalEnergies' expertise, targeting global green solutions.
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Sinopec Files 2023 Annual Report, Hits USD 444.81 Billion Revenue with 14.5 Percent YoY Growth
Rhea-AI Summary
China Petroleum & Chemical (Sinopec) filed its 2023 Annual Report, revealing a revenue of USD 444.66 billion, a 14.5% YoY growth. Operating earnings were USD 12.03 billion, with a net profit of USD 8.08 billion. Sinopec achieved record highs in oil and gas production, crude oil processing, and refined product distribution.
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Sinopec FY2023 Annual Results
Rhea-AI Summary
Sinopec Corp. achieved solid 2023 operating results with revenue of RMB 3.21 trillion, operating profit of RMB 86.828 billion, and profit attributable to shareholders of RMB 58.310 billion. The company proposed a final cash dividend of RMB 0.2 per share, totaling RMB 0.345 per share for 2023. Production of oil and gas, refinery throughput, and domestic sales volume of refined oil products hit record highs. The board emphasized high-quality development, sustainability, and shareholder returns.
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Sinopec's West Sichuan Gas Field Enters Operation
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China Petroleum & Chemical Corporation (Sinopec) completes the West Sichuan Gas Field, boasting over 100 billion cubic meters capacity, enhancing Southwestern China's clean energy supply. The field produces 2 billion cubic meters of natural gas annually and 130,000 tons of sulfur, contributing to the region's energy needs.
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Sinopec Highlights CCUS Achievements at COP 28 and Releases Its First 10-Year Performance Report on Supporting "Belt and Road" Initiative
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China Petroleum & Chemical Corporation (Sinopec) (HKG: 0386) showcased its achievements in carbon capture, utilization, and storage (CCUS) at COP28 in Dubai. The company highlighted the Qilu-Shengli CCUS project, aiming to reduce carbon emissions by 1 million tonnes per year. Sinopec also signed a non-binding MoU with Shell, China Baowu, and BASF to launch the joint study on a 10-million-tonne open-source CCUS project. Additionally, the company released its first 10-year performance report supporting the Belt and Road Initiative (BRI), emphasizing its commitment to sustainable development and contributions to energy cooperation, environmental protection, and climate actions.
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China's Largest LNG Storage Tank of 270,000 Cubic Meters Now in Operation
Rhea-AI Summary
China Petroleum & Chemical Corporation (Sinopec) has put China's first and the world's largest LNG storage tank into service at its Qingdao LNG Receiving Terminal. The tank has a capacity of 270,000 cubic meters and will add 165 million cubic meters of storage capacity to meet the gas demand of 2.16 million households for five months during the winter heating season. Sinopec's Tianjin LNG Receiving Terminal has also completed the phase II construction with three 220,000-cubic-meter storage tanks, bringing the total storage capacity to 1.08 billion cubic meters, the largest in China.
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Sinopec Corp. (00386.HK) Announces 2023 Q3 Results
Rhea-AI Summary
China Petroleum & Chemical Corporation (Sinopec Corp.) announced unaudited results for Q3 2023. Revenue was RMB 2.47 trillion, profit attributable to shareholders was RMB 17.938 billion, up 37.7% YoY. Production of oil and gas increased by 3.6% YoY. Refinery throughput was up 7.6% YoY. Total sales volume of refined oil products increased by 19.1% YoY. Ethylene production increased by 6.6% YoY.
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WGC2023 Publishes Beijing Declaration and the World's First Geothermal Industry Standard
Rhea-AI Summary
The 7th World Geothermal Congress (WGC2023) has published the world's first geothermal industry standards and Beijing Declaration, bringing positive momentum to the global geothermal industry. The participants made commitments to sustainable development, technological innovation, cooperation, and win-win partnerships. The Standard provides technical standards for geothermal heating. Sinopec aims to accelerate progress in geothermal energy and promote green and low-carbon growth.
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World Geothermal Congress 2023 Opens in Beijing, Pushing Forward Ecological Development Strategies to Build A Greener Future
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The 7th World Geothermal Congress (WGC2023) opens in Beijing, showcasing global achievements in geothermal development.
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SNPTY Stock Data

72.46B
364.61M
0.16%
0.01%
Petroleum Refineries
Manufacturing
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China (Mainland)
Beijing