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2018-03-26 07:40:00

SINOPEC NET PROFIT RMB1.130 BLN

SINOPEC NET PROFIT RMB1.130 BLN

SINOPECSINOPEC Engineering (Group) Co., Ltd. ("SEG" or the "Company") announced its annual results for the twelve months period ended 31 December 2017 at a news conference in Hong Kong. Ling Yiqun, Vice President of Sinopec Group and Chairman of SEG, attended the conference.

For the year 2017, the Company’s revenue was RMB36.209 billion, its net profit was RMB1.130 billion; asset-liability ratios remained low and cash flow performance remained strong. The Board recommended a final dividend of RMB0.144 per Share for the year 2017. After taking into account the interim dividend of RMB0.056 per Share, the total dividend for the year will be RMB0.200 per Share, the annual payout ratio is 79%.

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Earlier:

 U.S. - CHINA LNG
2017, November, 9, 13:35:00

U.S. - CHINA LNG

China’s top state oil major Sinopec, one of the country’s top banks and its sovereign wealth fund have agreed to help develop Alaska’s liquefied natural gas sector as part of U.S. President Donald Trump’s visit, the U.S. government said on Thursday. The agreement will involve investment of up to $43 billion, create up to 12,000 U.S. jobs during construction, reduce the trade deficit between the United States and Asia by $10 billion a year, and give China clean energy.

 

 SINOPEC NET PROFIT UP TO 74%
2017, March, 27, 18:40:00

SINOPEC NET PROFIT UP TO 74%

The state-owned company, known as Sinopec Corp, saw fourth quarter net profit jump to 17.25 billion yuan from 9.9 billion yuan in the third quarter, it said in a statement to the Shanghai Stock Exchange.

 

 CHINA'S OIL&GAS REFORMS
2017, January, 13, 18:40:00

CHINA'S OIL&GAS REFORMS

SHARES of China National Petroleum Corp and Sinopec rebounded during the week on reforms that are set to transform the two oil and gas giants into more competitive and market-focused entities.

 

 CHINA'S SHALE GAS UP
2016, November, 7, 18:45:00

CHINA'S SHALE GAS UP

Sinopec Ltd. reported that Fuling shale gas field in southwestern China produced a cumulative 3.76 billion cu m of gas from January to September. The 107% increase in production was accompanied by additional processing capacity of 5.5-6.5 bcm, the company said. In 2014, Sinopec announced plans to bring production capacity to 10 bcm/year by 2017.

 

 SINOPEC NET PROFIT DOWN 21.6%
2016, August, 31, 18:35:00

SINOPEC NET PROFIT DOWN 21.6%

China Petroleum and Chemical Corporation (Sinopec) has reported a 21.6% drop in net profit for the six months that ended on June 30 as international oil and natural gas prices remained low.

 

 REPSOL VS SINOPEC: $5.5 BLN
2016, June, 22, 18:00:00

REPSOL VS SINOPEC: $5.5 BLN

The claim relates to a U.K. joint venture between the Chinese and a Canadian firm which the Spanish oil producer acquired last year.

 

 SAUDI PROTECT THEIR MARKET
2015, December, 16, 19:50:00

SAUDI PROTECT THEIR MARKET

Saudi Aramco, the kingdom's state oil giant, is seeking to borrow $4.7 billion from banks to refinance capital used to build a refinery in collaboration with China's Sinopec, three sources with knowledge of the matter said on Tuesday.

Tags: CHINA, SINOPEC, FINANCE

Chronicle:

SINOPEC NET PROFIT RMB1.130 BLN
2018, April, 20, 09:00:00

IRAN NEED NEW MARKETS

SHANA - The CEO of the Iranian Gas Commercial Company (IGCC) said his company, as the sole exporter of gas products in Iran, is currently seeking new markets for exporting liquefied petroleum gas (LPG).

SINOPEC NET PROFIT RMB1.130 BLN
2018, April, 20, 08:55:00

UZBEKISTAN - LUKOIL GAS

LUKOIL - LUKOIL has commissioned a Gas Processing Complex at the Kandym fields cluster in Uzbekistan. The official opening ceremony was attended by the President of the Republic of Uzbekistan Shavkat Mirziyoyev, Minister of Energy of the Russian Federation Aleksander Novak, Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the Republic of Uzbekistan Vladimir Tyurdenyov, Ambassador Extraordinary and Plenipotentiary of the Republic of Korea to the Republic of Uzbekistan Kwon Yong Woo and the President of PJSC "LUKOIL" Vagit Alekperov.

SINOPEC NET PROFIT RMB1.130 BLN
2018, April, 20, 08:50:00

ENI INVESTMENT €7 BLN

ENI - Eni will invest €7 billion in Italy over the next four years, including €1 billion in green activities

SINOPEC NET PROFIT RMB1.130 BLN
2018, April, 20, 08:45:00

SEADRILL'S BANKRUPTCY OFF

REUTERS - Offshore oil driller Seadrill (SDRL.OL) plans to emerge from Chapter 11 bankruptcy in late June or early July to catch the rising wave of rig market activity, its chief executive told said on Wednesday.

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