China Petroleum & Chemical Corporation (Sinopec) reported net earnings of 16.55 billion yuan which calculates to 0.19 yuan of earnings per share for the third quarter Thursday, up 124.1 percent year-on-year, but the net profit dropped 25 percent quarter-on-quarter. The company's net profit in the...
Sinopec Group and OPEC member Kuwait signed on Monday a preliminary pact to build a mega refinery and petrochemical complex in southern China's Zhanjiang city, according to an industry executive. The deal, inked also with local governments, marks another step forward for the planned $9 billion ve...
U.S.-based financial holding company JPMorgan Chase & Co recently reduced its shareholding in China Petroleum & Chemical Corp Ltd<600028><0386><SNP>, which is Asia's largest oil refiner and is known as Sinopec, to 8.84% from the previous 9.08%, according to the bourse operator Hong Kong Exchanges...
BEIJING, Aug 26 - China Sinopec Group's $7.24 billion acquisition of Swiss oil firm Addax Petroleum Corp was approved by the Iraqi government, a local paper quoted a senior Sinopec official as saying on Wednesday....
BEIJING, Aug 25 - Asia's top refiner Sinopec plans to process 97.1 million tonnes of crude oil, or 3.85 million barrels per day (bpd) in the second half, the company-run China Petrochemical News reported on...
HONG KONG, Aug 24 - China's Sinopec Corp <0386.HK>, the world's No.2 oil refiner, said on Monday that it plans total capital expenditure of 120 billion yuan ($17.57 billion) over the next two years to...
HONG KONG, Aug 24 - China's Sinopec Corp., the world's No. 2 oil refiner, said on Monday it plans to raise its crude oil and refining output by up to 10 percent by 2011, as...
SHANGHAI, Aug 24 - China's benchmark stock index opened up 0.72 percent on Monday with strong earnings by index heavyweight Sinopec Corp and a rise on Wall Street helping offset announcements of major new share...
* What: China oil majors' Q2/H1 results * When: Sinopec (Aug 23*), CNOOC (26), PetroChina (28) * Sinopec to post best quarterly profit in 2 years * CNOOC to post worst interims since H2 2004...
Sinopec Group, the parent of Sinopec<600028><0386><SNP>, yesterday announced that it has completed the purchase of Addax Petroleum Corp for US$7.56 billion or US$46 per share through Sinopec International Petroleum Exploration and Production Corp, a wholly-owned unit, in the largest-ever overseas...