China Petroleum & Chemical

China Petroleum & Chemical Corp. engages in oil and gas and chemical business. The oil and gas business includes exploration, development and production of crude oil and natural gas; pipeline crude oil and natural gas; refining crude oil into petroleum products; and marketing crude oil, natural gas, and refined oil. The chemical business includes the manufacture and marketing of a wide range of industrial chemical products. The company was founded on February 25, 2000 and is headquartered in Beijing, China.

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Sinopec Shanghai Petrochemical

Multiple Chinese companies have announced plans to delist from the New York Stock Exchange.

Five Of China's Largest State-Owned Firms Reveal Plans To Delist From NYSE

NEW YORK, NY / ACCESSWIRE / August 12, 2022 / China Petroleum & Chemical Corporation ("Sinopec Corp." or the "Company") (NYSE:SNP)(HKEX:00386)(SSE:600028) announced today that the Company has notified the New York Stock Exchange ("NYSE") on August 12, 2022 (Eastern Time in the U.S., the same hereinafter) that it will apply for the voluntary delisting of its American depositary shares ("ADSs") from the NYSE under the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"). The board of directors of the Company approved the delisting of its ADSs from NYSE as well as the application for the deregistration of such ADSs and the underlying H Shares, where such application is subject to the Company satisfying the relevant requirements of the Exchange Act and depends on the relevant actual circumstances in the future.

China Petroleum & Chemical Corporation Announces Intention to Delist American Depositary Shares from the New York Stock Exchange

Sinopec is one of the largest energy companies in the world trading at a discounted valuation. There are many risks to Sinopec that justifies its cheap valuation.

Sinopec: Cheap For A Reason

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BEIJING , July 20, 2022 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ: RCON) ("Recon" or the "Company") announced today an update to investors and shareholders on the current state of its business, challenges facing its business, its current state of affairs and its plans for the future. Management views this update as a step toward enhancing regular communications with shareholders and investors.

RECON ISSUES SHAREHOLDER UPDATE

Sinopec (SNP) achieves a daily production capacity of 530,000 cubic meters of shale gas in its Xinye-1 discovery well.

Sinopec (SNP) Makes Major Shale Gas Discovery in Xinye Well-1

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does China Petro&Chm (SNP) have what it takes?

China Petro&Chm (SNP) is a Top Dividend Stock Right Now: Should You Buy?

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This is Why China Petro&Chm (SNP) is a Great Dividend Stock

Higher oil and natural gas production and commodity prices aid Sinopec's (SNP) Q1 earnings.

Sinopec (SNP) Jumps 5.1% as Q1 Earnings & Revenues Rise Y/Y

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A larger team of US auditing regulators may go to China this year to conduct on-site inspections of local auditors, Reuters reported.

US regulators reportedly are in China for talks about corporate audits as more than 100 companies face stock delistings

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One of the only sectors of the market that is skyrocketing amid broad market weakness in 2022 is the energy sector. Oil, natural gas and coal prices have soared as the war in Ukraine combined with surging economic reopening demand has created an energy crisis around the world.

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NEW YORK, NY / ACCESSWIRE / April 28, 2022 / China Petroleum & Chemical Corporation ("Sinopec Corp." or the "Company") (NYSE:SNP)(HKEX:00386)(SSE:600028) announced today that its Form 20-F for the fiscal year ended December 31, 2021, filed with the United States Securities and Exchange Commission, has been posted to the Company's website at http://www.sinopec.com/listco/En/investor_centre/reports/20-F/. The soft copy of the Company's annual report on Form 20-F could also be downloaded through above website.

China Petroleum & Chemical Corporation Files 2021 Annual Report on Form 20-F

BEIJING, CHINA / ACCESSWIRE / April 27, 2022 / China Petroleum & Chemical Corporation ("Sinopec Corp." or the "Company") (HKEX:386)(SSE:600028)(NYSE:SNP) today announced its unaudited first quarterly results for the three months ended 31 March 2022. Financial Highlights In accordance with the IFRS, the Company's operating income for the first quarter was RMB 771.386 billion, up by 33.8% year on year; the net profit attributable to shareholders of the Company was RMB 23.338 billion, up by 24.3% year on year; the basic earnings per share were RMB 0.193.

Sinopec Achieved Good Performance in 2022 Q1 Net Profit Reached RMB 23.3 Billion, Up by 24.3% yoy

Recovery in demand for refined oil products, natural gas and chemical products aids Sinopec's (SNP) 2021 earnings.

Sinopec (SNP) 2021 Earnings Increase on Recovered Fuel Demand

Sinopec (SNP) sees no immediate risk of impairment of its Russia assets amid the Russia-Ukraine crisis.

Sinopec (SNP) Discontinues Talks to Invest in Russia Projects

BEIJING, CHINA / ACCESSWIRE / March 27, 2022 / China Petroleum & Chemical Corporation ("Sinopec Corp." or the "Company") (HKEX:386)(SSE:600028)(NYSE:SNP) today announced its annual results for the twelve months ended 31 December 2021. Financial Highlights In accordance with IFRS, the Company's revenue reached RMB 2.74 trillion, increased by 30.2% year-on-year; Profit attributable to shareholders of the Company was RMB 71.975 billion, surged by 115.2% year-on-year.

Sinopec Achieved 10-year Record High Performance Focus on Shareholder Returns with H-share Annualized Dividend Yield of 14.3%

China Petroleum & Chemical Corp, better known as Sinopec, is planning its highest capital investment in history for 2022 after recording its best profit in a decade, echoing Beijing's call for energy companies to raise production.

China's Sinopec plans its biggest capital expenditure in history

China Petro&Chm (SNP) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

China Petro&Chm (SNP) Upgraded to Buy: What Does It Mean for the Stock?

The heavy selling pressure might have exhausted for China Petro&Chm (SNP) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down 18% in 4 Weeks, Here's Why You Should You Buy the Dip in China Petro&Chm (SNP)

Sinopec's continued development is expected to continue through the current economic challenges the globe is facing. They recently struck deals with US firms while also potentially capitalizing on developments in Europe, giving it a strong position in the market.

Sinopec: Development In Oil And Gas Exploration Fields

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Shares of Chinese oil companies gained in morning trade, fueled by the rise in crude oil prices amid worries that Russia's invasion of Ukraine will result in severe disruptions to global supply.

Dow Jones Newswires: Shares of Chinese oil companies rise, fueled by higher crude prices

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News for China Petroleum & Chemical Stock (SNP)