Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  China Petroleum & Chemical Corporation    386   CNE1000002Q2

CHINA PETROLEUM & CHEMICAL CORPORATION

(386)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

China Petroleum & Chemical : Sinopec raises shale gas reserve size in Sichuan basin

share with twitter share with LinkedIn share with facebook
10/15/2020 | 12:03am EDT
Man stands next to a logo of Sinopec at an expo on rubber technology in Shanghai

BEIJING (Reuters) - China Petroleum and Chemical Corp said on Thursday that it has added newly proven shale gas geological reserves of 191.83 billion cubic metres (bcm) at the Fuling gas field in the Sichuan basin.

That raises the total estimated geological reserve of the Fuling block in southwestern China, the country's first large commercial shale gas project, to 792.64 bcm, according to a statement from the company known as Sinopec.

The newly proven reserves at Fuling were certified by the Ministry of Natural Resources, the company said.

Sinopec President Ma Yongsheng said earlier this year that the company aims to nearly double its shale gas output to 13 bcm per year by 2025, in response to Beijing's call to improve the country's energy security and to boost natural gas consumption.

Sinopec has total proven geological shale gas reserves of 940.77 bcm in China, the statement said.

(Reporting by Muyu Xu in Beijing and Chen Aizhu in Singapore; Editing by Christian Schmollinger)


share with twitter share with LinkedIn share with facebook
All news about CHINA PETROLEUM & CHEMICAL CORPORATION
05:25aSinopec Corp. Posts Higher Profit in Third Quarter
DJ
10/26CHINA PETROLEUM & CHEMICAL CORPORATI : quaterly earnings release
10/22Spurred by reform, China's niche LNG buyers to pour in investments, double im..
RE
10/15CHINA PETROLEUM & CHEMICAL : Sinopec raises shale gas reserve size in Sichuan ba..
RE
10/14CHINA PETROLEUM & CHEMICAL CORPORATI : Ex-dividend day for extraordinary dividen..
FA
10/12China's Sinopec starts ethylene production at new Zhanjiang refinery
RE
09/22CHINA PETROLEUM & CHEMICAL : List of Directors and their Roles and Function
PU
09/22CHINA PETROLEUM & CHEMICAL : Resignation of Director
PU
09/15CHINA PETROLEUM & CHEMICAL : 2020 Interim Report
PU
09/11CHINA PETROLEUM & CHEMICAL : Further Revised Proxy Form for the Second Extraordi..
PU
More news
Financials
Sales 2020 2 320 B 345 B 345 B
Net income 2020 26 247 M 3 908 M 3 908 M
Net Debt 2020 52 000 M 7 742 M 7 742 M
P/E ratio 2020 17,3x
Yield 2020 6,82%
Capitalization 440 B 65 630 M 65 527 M
EV / Sales 2020 0,21x
EV / Sales 2021 0,16x
Nbr of Employees 402 206
Free-Float 29,5%
Chart CHINA PETROLEUM & CHEMICAL CORPORATION
Duration : Period :
China Petroleum & Chemical Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CHINA PETROLEUM & CHEMICAL CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 3,94 CNY
Last Close Price 2,72 CNY
Spread / Highest target 103%
Spread / Average Target 45,0%
Spread / Lowest Target 17,4%
EPS Revisions
Managers
NameTitle
Yong Sheng Ma President, General Manager & Executive Director
Dong Zhao Chairman-Supervisory Board
Yu Zhuo Zhang Chairman
Donghua Shou Chief Financial Officer
Zhen Ying Jiang Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
CHINA PETROLEUM & CHEMICAL CORPORATION-33.05%65 630
RELIANCE INDUSTRIES LTD35.29%174 247
EXXON MOBIL CORPORATION-52.97%141 012
BP PLC-58.49%52 761
NESTE OYJ53.06%43 083
PTT-27.27%29 458