Sinopec

China Petroleum & Chemical Corporation, or Sinopec Ltd, is a Beijing-based oil and gas company which is listed in Hong Kong, Shanghai and New York (NYSE: SNP). It is one of the world’s biggest companies by revenue. Sinopec Ltd’s parent, Sinopec Group is one of China’s biggest petroleum groups.

LISTINGS

Sinopec Engineering vows to maintain high margins

24 May 2013

Despite rising cost pressures, Sinopec Engineering, the oil refining and chemical plants engineering subsidiary of China Petrochemical Corp, will strive to maintain a gross profit margin higher...

3:47AM

China oil demand down 12pc in 4 months? No way

18 May 2013

The decline in China's implied oil use in April to an eight-month low, coupled with flat crude imports, gives the impression of weak demand. But the numbers are not telling the whole story.

3:14AM

Sinopec spin-off touts edge through efficiency push

10 May 2013

Sinopec Engineering, a China Petrochemical spin-off, said its listing will boost its overall efficiency and profitability through its ongoing consolidation of eight subsidiaries. The company,...

5:40AM

Sinopec Engineering's Hong Kong IPO to aid overseas growth

9 May 2013

The listing of Sinopec Engineering, a construction unit of China's largest oil refiner, China Petrochemical (Sinopec Group), will allow investors to gain exposure to the high-growth but risky...

5:15AM

Two large state firms to test Hong Kong IPO market

6 May 2013

Two big state-owned enterprises launched their long-awaited initial public offerings to raise up to US$3.81 billion in Hong Kong yesterday, taking advantage of improving sentiment.

4:16AM

Hong Kong IPO market heats up with Sinopec unit, Galaxy Securities deals

5 May 2013

A unit of Sinopec and brokerage China Galaxy Securities are launching Hong Kong initial public offerings on Monday seeking to raise up to HK$27 billion in total, injecting life into Asia’s...

4:38PM

Opinion

Howard Winn

Ferry companies shouldn't be subsidised while they burn dirty fuel

2:53AM

Shirley Yam

What were our top officials doing to let HKMEx fail?

3:37AM

Sinopec unit raises HK$2.7b to boost overseas operations

The fund-raising exercise will see Sinopec Kantons' state-backed parent China Petroleum & Chemical (Sinopec) sell 412.5 million existing shares and subscribe to the same number of new shares,...

4:54AM

Hospital Authority chief faces professional hearing

At long last the Hong Kong Institute of Certified Public Accountants has set a date for a substantive hearing into complaints about the professional conduct of Hospital Authority chairman Anthony...

5:07AM

6 comments

Refining fuels rise in Sinopec earnings

PetroChina, the nation's largest oil and gas producer, and rival China Petroleum & Chemical (Sinopec) posted divergent first-quarter results, as better state pricing on refined fuel and weaker...

4:43AM

DEBT

Sinopec bond issue taps market for US$3.5b

Sinopec, which was also the world's second-largest crude oil refiner by throughput last year, said in a statement to the Hong Kong stock exchange yesterday that the proceeds would be used to fund...

5:35AM

Agency cuts ratings on power, resources firms

Fitch Ratings has downgraded its local-currency credit rating on two state-backed power generators and three resources firms, a day after the rating agency's downgrade of a Chinese sovereign...

5:07AM

EARNINGS

Sinopec sticks to overseas buying strategy

China Petroleum & Chemical (Sinopec) will continue to buy its parent's overseas assets to boost earnings after domestic fuel price controls stymied its profitability.

5:18AM