Welcome to our dedicated page for China Petroleum & Chemical news (Ticker: SNPMF), a resource for investors and traders seeking the latest updates and insights on China Petroleum & Chemical stock.
China Petroleum & Chemical Corporation reports recurring results and operating updates for an integrated energy and chemicals business. News about SNPMF commonly covers IFRS and CASs earnings, cash flow, dividend policy, share repurchase mandates, and segment performance across exploration and production, refining, marketing and distribution, and chemicals.
Company updates also describe oil and gas output, natural gas production, crude oil processing, refined oil product sales, ethylene and chemical sales volumes, capital expenditure priorities, and the effect of crude oil prices, product demand, refining margins, and natural gas chain optimization on operating results.
Sinopec (SNPMF) reported 2025 results: revenue RMB 2.78 trillion, operating profit RMB 48.608 billion and profit attributable RMB 32.476 billion. Net cash from operations was RMB 162.5 billion (up RMB 13.1 billion). Annual dividend totaled RMB 0.20 per share with final dividend RMB 0.112 per share, yielding an annual payout ratio of 79% IFRS / 81% CAS. The Board approved a mandate for a new share repurchase. Capital expenditure was RMB 147.2 billion. Chemicals posted an operating loss of RMB 14.6 billion, while oil and gas production hit a record 525.28 mmboe.
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.
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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.