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China Petroleum & Chemical Corporation (SNPMF)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.5581-0.0319 (-5.41%)
At close: 03:59PM EDT
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Trade prices are not sourced from all markets
Previous Close0.5900
Open0.5581
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.5581 - 0.5969
52 Week Range0.4500 - 0.6900
Volume80,600
Avg. Volume97,650
Market Cap98.394B
Beta (5Y Monthly)0.71
PE Ratio (TTM)7.97
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.06 (9.40%)
Ex-Dividend DateJul 08, 2024
1y Target EstN/A
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  • Reuters

    Sinopec sets up new entity to expand refinery investment abroad

    China's Sinopec Corp is setting up a new entity to invest in refinery and petrochemical assets overseas in a bid to leverage its expertise and deep pockets to expand globally as local Chinese oil demand nears a plateau. After a quiet launch in late June of Sinopec Overseas Investment Holding as its sole platform for investing, building and operating refineries abroad, Sinopec is building up the team and setting the budget for the new entity, two company officials told Reuters. Sinopec will "expand overseas refining and chemical business by taking full advantage of the group's core strength", Zhao Dong, president of parent company China Petrochemical Corp, was quotes as saying in late June when Sinopec announced the new entity in an in-house newsletter.

  • Reuters

    UPDATE 2-Sinopec not interested in acquiring Shell's Singapore assets

    Asia's top refiner, Sinopec Corp, is not interested in acquiring Shell's refinery or petrochemical plant in Singapore although it is keen on participating in a shale gas project in Saudi Arabia, the Chinese company's president said on Monday. Sinopec President Yu Baocai was speaking after sources last week told Reuters that Shell had hired Goldman Sachs to advise on a potential sale of its Singapore assets and that Sinopec was among the companies reviewing them. However, Yu, speaking at a briefing in Hong Kong after the state-run oil and gas giant reported a 20% decline in interim earnings, said that Sinopec is interested in participating in Saudi Arabia's Jafurah shale gas project.