Sinopec Posts Higher Petrochemical and Gas Output as Fuel Sales Ease in 2025

China Petroleum & Chemical ( (HK:0386) ) has shared an announcement.

China Petroleum & Chemical Corporation has released preliminary operational statistics for 2025, showing broadly stable crude oil production at 39.70 million tonnes, with a modest increase in domestic output offset by a decline in overseas production, and a 4% rise in natural gas output. Refinery throughput edged down slightly, with notable drops in gasoline and diesel output but higher kerosene and light chemical feedstock production, while petrochemical segments such as ethylene, synthetic resins and synthetic rubbers recorded strong double-digit growth, indicating a shift toward higher-value chemical products amid weaker domestic refined oil sales volumes, which fell nearly 3%. The unaudited data suggest Sinopec is leaning more into its petrochemical business and domestic upstream gas production as refined fuel demand softens, though final audited figures will only be confirmed in its annual report.

The most recent analyst rating on (HK:0386) stock is a Sell with a HK$4.20 price target. To see the full list of analyst forecasts on China Petroleum & Chemical stock, see the HK:0386 Stock Forecast page.

More about China Petroleum & Chemical

China Petroleum & Chemical Corporation (Sinopec Corp.) is one of China’s largest integrated energy and chemical companies, operating across the oil and gas value chain from crude oil and natural gas production to refining, marketing and petrochemicals. Its primary products include refined oil products such as gasoline, diesel and jet fuel, as well as petrochemical outputs like ethylene, synthetic resins, fibers and rubbers, with a core focus on serving domestic energy demand and the Chinese chemicals market.

Average Trading Volume: 163,993,107

Technical Sentiment Signal: Buy

Current Market Cap: HK$771.1B

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