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

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4.95 CNY   --.--%
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Unipec's Crude-Oil Trade Surpassed 200 Million Tons In 2011

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10/19/2012 | 04:48am CEST
   By Wayne Ma 
 

BEIJING--China Petroleum & Chemical Corp., known as Sinopec Corp. (>> China Petroleum & Chemical Corp. (ADR)), said Friday that its trading unit China International United Petroleum & Chemical Co., or Unipec, saw its combined sales and purchases of crude oil surpass 200 million metric tons for the first time in 2011.

The record was achieved due to higher domestic refining rates in the first half of the year and a lack of imports from South Sudan because of a pipeline dispute with its northern neighbor Sudan, which prompted Unipec to seek more supplies from South America and West Africa, Sinopec said in an in-house newsletter.

Unipec's crude-oil trading volume rose 10% in the January to July period of this year compared with the same period a year earlier, it said, without providing the amount.

Write to Wayne Ma at wayne.ma@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : China Petroleum & Chemical Corp. (ADR)
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Financials ( CNY)
Sales 2016 2 045 057 M
EBIT 2016 55 514 M
Net income 2016 29 522 M
Debt 2016 141 239 M
Yield 2016 2,79%
P/E ratio 2016 18,83
P/E ratio 2017 13,20
EV / Sales 2016 0,36x
EV / Sales 2017 0,32x
Capitalization 596 078 M
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China Petroleum & Chemical Technical Analysis Chart | 600028 | CNE0000018G1 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 5,97  CNY
Spread / Average Target 21%
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Managers
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Chun Guang Li President & Executive Director
Bin Xu Chairman-Supervisory Board
Yu Pu Wang Chairman
Ke Hua Zhang Vice President & Director General-Engineering
Tian Pu Wang Non-Executive Director
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