Log in
E-mail
Password
Show 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
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. China Petroleum & Chemical Corporation
  6. News
  7. Summary
    386   CNE1000002Q2

CHINA PETROLEUM & CHEMICAL CORPORATION

(386)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Sinopec, Cosco Shipping, China Eastern certify China's first carbon-neutral oil cargo

09/22/2021 | 06:38am EDT
FILE PHOTO: Man stands next to a logo of Sinopec at an expo on rubber technology in Shanghai

SINGAPORE (Reuters) - China's refining giant Sinopec Corp said on Wednesday it has jointly certified the country's first carbon-neutral crude oil cargo with shipping giant Cosco Shipping and China Eastern Airlines.

The 30,000-tonne cargo was produced by Sinopec in Angola and shipped by Cosco Shipping to an east China-based Sinopec refinery for processing, Sinopec said.

To offset the carbon dioxide produced during the process from crude production to shipping to consumption by vehicles and airplanes, the three state firms bought Chinese Certified Emissions Reductions credits.

These credits that will go to investing in carbon-reducing projects such as tree planting, solar, wind and biomass power generation in China.

(Reporting by Chen Aizhu, Editing by Louise Heavens)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHINA EASTERN AIRLINES CORPORATION LIMITED -2.51% 5.05 End-of-day quote.7.91%
CHINA PETROLEUM & CHEMICAL CORPORATION 1.84% 4.42 End-of-day quote.9.68%
CHINA PETROLEUM & CHEMICAL CORPORATION -1.25% 3.96 End-of-day quote.14.12%
COSCO SHIPPING HOLDINGS CO., LTD. -6.35% 15.05 End-of-day quote.60.24%
All news about CHINA PETROLEUM & CHEMICAL CORPORATION
10/15CHENIERE ENERGY : Chinese Energy Companies Reportedly in Talks to Secure US LNG Supplies A..
MT
10/14UNITED STATES OIL FUND LP ETF : China's Electricity Price Hike Measures to Impact Inflatio..
MT
10/14CHINA PETROLEUM & CHEMICAL : Sinopec Gets Greenlight for $1.3 Billion LNG Terminal
MT
10/14CHINA PETROLEUM & CHEMICAL : Yet to Secure Buyer For Remaining Anbang Assets
MT
10/13CHINA PETROLEUM & CHEMICAL : Sinopec Selling 11% Stake in Brokerage Firm JZ Securities
MT
10/12CHINA PETROLEUM & CHEMICAL : N/A - Form 6-K
PU
10/11ENN NATURAL GAS : Strikes 13-Year LNG Purchase Deal With US-Based Cheniere
MT
10/11Energy Stocks Rally Premarket Monday
MT
10/11CHINA PETROLEUM & CHEMICAL : Energy
MT
10/11CHINA PETROLEUM & CHEMICAL : NNPC Missing As China, Saudi Arabia Top World's Biggest Oil R..
AQ
More news
Financials
Sales 2021 2 642 B 411 B 411 B
Net income 2021 72 551 M 11 276 M 11 276 M
Net cash 2021 52 878 M 8 219 M 8 219 M
P/E ratio 2021 5,51x
Yield 2021 11,0%
Capitalization 422 B 65 638 M 65 654 M
EV / Sales 2021 0,14x
EV / Sales 2022 0,15x
Nbr of Employees 384 065
Free-Float 31,3%
Chart CHINA PETROLEUM & CHEMICAL CORPORATION
Duration : Period :
China Petroleum & Chemical Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CHINA PETROLEUM & CHEMICAL CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 18
Last Close Price 3,28 CNY
Average target price 4,44 CNY
Spread / Average Target 35,4%
EPS Revisions
Managers and Directors
Yong Sheng Ma Chairman & President
Dong Hua Shou Chief Financial Officer
Shao Feng Zhang Chairman-Supervisory Board
Hong Bin Cai Independent Non-Executive Director
Kar Ling Ng Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
CHINA PETROLEUM & CHEMICAL CORPORATION14.12%78 627
EXXON MOBIL CORPORATION51.84%264 979
RELIANCE INDUSTRIES LTD36.02%228 689
CHEVRON CORPORATION29.79%211 976
BP PLC42.70%99 533
NESTE OYJ-17.73%43 361