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China Petroleum & Chemical ( (HK:0386) ) has provided an update.
Sinopec Corp. announced its operational statistics for 2024, highlighting a slight increase in oil and gas production, with a 2.21% rise compared to 2023. While domestic crude oil production saw a small increase, overseas production experienced a decline. Notably, natural gas production grew by 4.68%, and kerosene output increased by 8.57%. However, there were decreases in refinery throughput and domestic sales of refined oil products. These shifts reflect ongoing adjustments in Sinopec’s production strategy and market responses, influencing its industry positioning and stakeholder expectations.
More about China Petroleum & Chemical
China Petroleum & Chemical Corporation (Sinopec Corp.) is a major player in the oil and gas industry, focusing on the exploration, production, and distribution of petroleum and chemical products. It operates both domestically within China and overseas, offering a range of refined oil products, including gasoline, diesel, and kerosene, as well as chemical feedstocks and synthetic materials.
YTD Price Performance: -5.26%
Average Trading Volume: 51,221
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $93.57B
For an in-depth examination of 0386 stock, go to TipRanks’ Stock Analysis page.
