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05.09.25 - 02:45
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Sinopec, China Merchants Group Sign Strategic Co-op Framework Agreement (AAStocks)
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Sinopec Group and China Merchants Group officially signed a strategic cooperation framework agreement at their Beijing headquarters yesterday (4th). Both parties will leverage this signing as an opportunity to comprehensively strengthen communication and coordination, innovate cooperation models, and expand cooperation space. ~A......
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03.09.25 - 03:30
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CNPC Plans to Transfer 541M+ PETROCHINA A-Shrs to China Mobile Group (AAStocks)
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PETROCHINA (00857.HK) announced that its controlling shareholder, China National Petroleum Corporation (CNPC), plans to transfer more than 541 million of its PETROCHINA A-shares (0.3% of PETROCHINA's total share capital) to China Mobile Communications Group through a state-owned share transfer.This change in shareholder equi......
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02.09.25 - 23:51
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XFRA: DIVIDEND/INTEREST INFORMATION - 04.09.2025 - CNE1000002Q2 (XETRA)
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Das Instrument CHU CNE1000002Q2 CHINA PETRO.+ CHEM. H YC1 EQUITY wird cum Dividende/Zinsen gehandelt am 03.09.2025 und ex Dividende/Zinsen am 04.09.2025
The instrument CHU CNE1000002Q2 CHINA PETRO.+ CHEM. H YC1 EQUITY has its pre-dividend/interest day on 03.09.2025 and its ex-dividend/interest day on 04.09.2025...
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25.08.25 - 10:00
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Research: BOCI Adds SINOPEC CORP's TP to HKD4.78, Reiterating Hold Rating (AAStocks)
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According to the International Financial Reporting Standards, SINOPEC CORP (00386.HK)'s 1H25 net profit decreased by 36% YoY to RMB23.8 billion, 8% higher than BOCI's expectations, the broker wrote in its research report.The discrepancy came from the higher-than-expected earnings from SINOPEC CORP's E&P and refin......
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22.08.25 - 11:09
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Earnings Of China′s Refining Giant Sinopec Plunge Amid Low Oil Prices, Weaker Fuel Demand (ZeroHedge)
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Earnings Of China's Refining Giant Sinopec Plunge Amid Low Oil Prices, Weaker Fuel Demand
By Charles Kennedy of OilPrice.com
The largest Chinese and Asian refiner Sinopec reported on Thursday a 36% decline in its first-half profit on the back of lower oil prices and refining margins and weakening domestic fuel demand.
China Petroleum & Chemical Corporation, or Sinopec, as it is more commonly known, booked a profit attributable to shareholders of $3.3 billion (23.75 billion Chinese yuan) for the period January to June 2025, down by 35.9% from the same period last year.
“Dragged by various factors such as the declining international crude oil prices combined with weak chemical margins, the Company's profitability for the first half significantly decreased year on year,” Sinopec's chairman Hou Qijun said in a statement accompanying the first-half results.
Sinopec estimates that while China's natural gas demand rose by 2.1% year-over-year in January to June, domestic consumption of refined...
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22.08.25 - 07:24
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China discovers 2 major shale gas fields as energy security drive pays off (SCMP)
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China has discovered deep shale gas reserves in two major gas fields in the southwest, each holding more than 100 billion cubic metres (bcm) of proven reserves, as the country continues its push for greater energy security.
The state-owned China Petroleum and Chemical Corp (Sinopec) said late Thursday that the government had certified 165 bcm of natural gas reserves at the Hongxing field, which spans Hubei province and Chongqing municipality.
“It proves the Hongxing region's strong resource......
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22.08.25 - 03:15
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Large Shale Gas Field Emerges in CN with Reserves of 165B Cubic Meters (AAStocks)
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Sinopec announced that the Hongxing Shale Gas Field, located at the border of Hubei and Chongqing, has proven shale gas reserves of 165.025 billion cubic meters. This has successfully passed the verification by the Ministry of Natural Resources, marking the official emergence of another large shale gas field in mainland China.~A......
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18.08.25 - 11:45
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Results: SINOPEC SSC Interim NP RMB760M, Up 1% (AAStocks)
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SINOPEC SSC (01033.HK) announced its interim results ended June 2025. Based on the International Financial Reporting Standards (IFRS), the turnover inched up 0.6% YoY to RMB37.051 billion. The net profit amounted to RMB760 million, up almost 1% YoY. EPS equaled RMB4 cents. No dividend was declared.~AAStocks Financial NewsWeb Sit......
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04.08.25 - 06:00
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Research: CLSA Cuts SINOPEC CORP TP to $4.5 on Weak 2Q Results (AAStocks)
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SINOPEC CORP (00386.HK) issued a profit warning for 1H25 showing weaker profitability in 2Q25, reflecting the challenging operating environment in China's downstream oil (refining and chemical) industry, according to CLSA's research report. The market seems to expect SINOPEC CORP and other Chinese refiners to benefit fro......
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