Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  China Petroleum & Chemical Corp    600028   CNE0000018G1

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

China Petroleum & Chemical Corp : Fu Chengyu: "Thrift" Is the Greatest Resource

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/13/2013 | 10:43am CEST

Fu Chengyu, Member of the CPPCC National Committee, Chairman of Sinopec, commented during the panel discussion on the Work Report of the Government on March 5 that currently both the national economy and Sinopec itself are facing the challenges of environment and energy security, which cannot be bypassed. The data of the National Development Reform Commission show that in 2012, China's production of crude oil was 207.48 million tons, an increase of 1.9%; its import of crude oil was 271.09 million tons, an increase of 7.3%; and the apparent consumption of crude oil was 476.13 million tons, an increase of 4.9% over the previous year, showing a dependency rate of 56.4 %. In this regard, Fu Chengyu said: In addition to vigorously developing new energy sources, our greatest resource is actually thrift. If the current energy conversion efficiency is increased by 30%, the energy demanded for achieving the goal of doubling GDP will be met.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CHINA PETROLEUM & CHEMICAL
07/12 Goldman, JPMorgan, HSBC vie for lead roles in listing UAE's ADNOC unit - sour..
07/10 CHINA PETROLEUM & CHEMICAL CORP : ex-dividend day for final dividend
07/05 CHINA PETROLEUM & CHEMICAL : Addax to pay 31 million Swiss francs to settle Swis..
07/05 Ex-officials expelled from Party
07/05 Ex-officials expelled from Party
07/03 Joint venture sets model for China-Russia cooperation in energy field
06/29 CHINA PETROLEUM & CHEMICAL : Patent Issued for Fired Heater and Method of Using ..
06/28 Repsol Sinopec starts gas production at North Sea Cayley field
06/22 CHINA PETROLEUM & CHEMICAL : Looming Chinese refinery cuts to hit oil demand
06/19 Chinese state oil giants take petrol price battle to the pumps
More news
News from SeekingAlpha
07/13 China Petroleum & Chemical goes ex-dividend tomorrow
07/03 No, Exxon Mobil Is Not Necessarily 'Wasting' Shareholder Capital
06/28 Repsol Sinopec hits first gas production at North Sea's Cayley field
06/19 A Hidden Gem In Oil Stocks?
06/08 Canada seeks more Chinese investment in oil sands, Carr says
Financials ( CNY)
Sales 2017 2 156 204 M
EBIT 2017 81 398 M
Net income 2017 50 147 M
Debt 2017 45 501 M
Yield 2017 3,98%
P/E ratio 2017 14,60
P/E ratio 2018 13,19
EV / Sales 2017 0,36x
EV / Sales 2018 0,32x
Capitalization 724 739 M
Chart CHINA PETROLEUM & CHEMICAL
Duration : Period :
China Petroleum & Chemical Technical Analysis Chart | 600028 | CNE0000018G1 | 4-Traders
Technical analysis trends CHINA PETROLEUM & CHEMICAL
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 6,77  CNY
Spread / Average Target 9,4%
EPS Revisions
Managers
NameTitle
Hou Liang Dai Vice Chairman & President
Yu Pu Wang Chairman
Dehua Wang Chief Financial Officer
Zhi Gang Wang Executive Director & Senior Vice President
Hai Chao Zhang Executive Director & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
CHINA PETROLEUM & CHEMICAL CORP12.75%107 129
EXXON MOBIL CORPORATION-10.43%342 625
BP-11.65%115 791
SAUDI BASIC INDUSTRIES CORPORATION SJSC--.--%79 933
RELIANCE INDUSTRIES LIMITED42.32%77 278
SUNCOR ENERGY INC.-12.45%51 270