|Bid||7.400 x 0|
|Ask||7.410 x 0|
|Day's range||7.290 - 7.420|
|52-week range||5.400 - 8.350|
|PE ratio (TTM)||14.59|
|Forward dividend & yield||0.61 (8.84%)|
|1y target est||8.84|
Based on China Petroleum & Chemical Corporation’s (HKG:386) earnings update in March 2018, analyst consensus outlook appear vastly optimistic, with earnings expected to grow by a high double-digit of 50.81%Read More...
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.
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want to better understand how you canRead More...
As the trade war between the U.S. and China heats up, China is looking to reduce its U.S. oil imports in order to avoid a possible tariff on American oil – bad news for U.S. producers
While China’s move to create a national pipeline giant has taken center stage, investors should focus further out on how that clears a hurdle for Sinopec to spinoff its retail business, a move that may boost the oil giant’s valuation. The listing of the marketing unit by the refining behemoth, officially known as China Petroleum & Chemical Corp., has been awaiting the shift of its oil and fuel pipelines into the new national operator, according to China International Capital Corp. and Sanford C. Bernstein & Co. That’s why the pipeline reform may give further impetus for shares of the company to extend a 30 percent rally this year. To read more about China’s plans for a national pipeline company, click here.
China’s plans to create a pipeline giant to aid development of its natural gas market are overdue, and welcome. The state-owned champion, provisionally dubbed China Pipelines Corp., will combine the pipeline divisions of state-owned PetroChina Co., China Petroleum & Chemical Corp. or Sinopec, and Cnooc Ltd. A mooted market capitalization of as much as 500 billion yuan ($78 billion) would make it the world’s largest pipeline operator on that measure, comfortably outstripping Enterprise Product Partners LP at $64 billion. There’s much to like in that plan, given the way the current setup has helped stymie China’s drive to increase the role of gas in its domestic energy mix.
Six Flags Entertainment, Thomson Reuters, Toyota Motor, China Petroleum & Chemical and Merck highlighted as Zacks Bull and Bear of the Day
Chevron's (CVX) South African assets including 800 Caltex service stations and a 100,000-barrel per day refinery are up for sale.
The Zacks Analyst Blog Highlights: Momo, Baidu, China Petroleum & Chemical and Hollysys Automation Technologies
A booming manufacturing sector even as overcapacity is curbed has helped China in maintaining a steady rate of growth. Robust demand for Chinese goods abroad have also boosted the country's fortunes.
Glencore Plc is close to a $1 billion deal to buy Chevron Corp.’s southern African assets, potentially scuppering an earlier agreement with China Petroleum & Chemical Corp., according to three people familiar with the matter. The assets include a 100,000 barrel-a-day refinery in Cape Town and more than 800 gas stations in South Africa and neighboring Botswana. Chevron agreed last year to sell its 75 percent holding in the southern African business to the Chinese group known as Sinopec.
In a volatile week for U.S.-China relations, China stocks trading on U.S. markets predictably posted mixed results.
Buckeye Partners (BPL) is anticipated to expand storage capacity of its Chicago complex to meet the demand of its customers.
The Zacks Analyst Blog Highlights: Autohome, Kingdee International Software Group, China Petroleum & Chemical, Yanzhou Coal Mining and PetroChina
Sinopec (SNP) is going to build LNG receiving facilities, leading to an increase in the company's capacity to around 26 million tonnes per annum from its present capacity of 9 million tones.