TOPIC

/ company

Sinopec

China Petroleum & Chemical Corporation, or Sinopec Ltd, is a Beijing-based oil and gas company which is listed in Hong Kong, Shanghai and New York (NYSE: SNP). It is one of the world’s biggest companies by revenue. Sinopec Ltd’s parent, Sinopec Group is one of China’s biggest petroleum groups.

Chairman / President

Ma Yongsheng

CEO / Managing Director

Zhao Dong

CFO / Finance Director

Zhang Shaofeng

Industry

Oil and gas

Website

english.sinopec.com

Headquarters address

22 Chaoyangmen North Street, Chaoyang District Beijing,China.

Stock Code

SSE:600028
SEHK:0386
NYSE:SNP
LSE:SNP

Year founded

2000

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Science

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US-China relations

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Hong Kong stocks extend from 3-year high on China growth optimism

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From free rides and museum visits to cheap meals, Hong Kong laps up July 1 deals

Residents and visitors alike soak up free attractions and ferry rides, as well as discounted meals to celebrate 28th handover anniversary.

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Banking & finance

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US-China trade war

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Electric & new energy vehicles

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Electric & new energy vehicles

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China stock market

Sinopec leads 23 firms in China’s US$1.55 billion stock buy-back rush

Firms waste no time answering Beijing’s call to use a relending facility designed to bolster the stock market.

21 Oct 2024 - 4:15PM

A Chinese Communist Party badge is seen pinned to a worker’s uniform at a Sinopec facility near Beijing in 2018. Photo: AP

Australia

East Timor approaches China’s Sinopec over US$65 billion gas project

‘If Australia doesn’t feel like doing it … Then either we talk with the Chinese or the Kuwaitis’, East Timor’s president said.

9 Oct 2024 - 3:04PM

Sinopec signage in Hong Kong. East Timor’s president said “Sinopec has been in touch”. Photo: Bloomberg

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Commodities

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Business of climate change

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Sinopec

Why China sees Brazil as ‘last untapped blue ocean market’ for investment boom

Chinese investment in Brazil is soaring as firms eye the vast potential growth in South America’s ‘blue ocean market’.

Mexico finds Chinese rubber dumping, moves to impose permanent duty

Half of China’s raw building materials could be recycled by mid-century: study

Trump targets ‘complete deal’ with China when he meets Xi

The US president said he may also discuss a decline in Chinese purchases of Russian oil, as he seeks to pressure Moscow on Ukraine.

China discovers 2 major shale gas fields as energy security drive pays off

China has rapidly built up a domestic shale gas industry as it strives to reduce its reliance on foreign energy supplies.

.css-sioo19{color:#c79a00;}Explainer | From nose to tail, how China is reshaping the aviation supply chain

Recent achievements show Beijing’s efforts to localise the components of its planes have not abated in the wake of the C919’s success.

Hong Kong stocks record biggest weekly loss in nearly 4 months

Stellar run that drove the Hang Seng Index to its highest point in three and a half years last month shows signs of fatigue.

Hong Kong stocks extend from 3-year high on China growth optimism

Faster-than-expected China growth and Goldilocks scenario in US spark risk-on mood among investors.

Solar energy milestone: China taps the ocean in breakthrough for industry

The Qingdao-based project is projected to boost offshore power and help cut emissions by 14,000 tonnes annually.

From free rides and museum visits to cheap meals, Hong Kong laps up July 1 deals

Residents and visitors alike soak up free attractions and ferry rides, as well as discounted meals to celebrate 28th handover anniversary.

China minds, on guard against US, stress need for talks and regional cooperation

Regional cooperation deemed more vital than ever for China after Trump’s tariff barrage, as policy influencer warns that bowing to him will only bring more pressure.

CATL set to price US$4.6 billion IPO at top end of range as Hong Kong investors pile in

World’s largest maker of electric-vehicle batteries could expand its IPO deal to as much as US$5.3 billion if several upsize options are exercised.

Hong Kong market rebound rolls on as 3 companies unveil plans to raise funds

State-owned Sinopec, a mainland medtech firm and Hong Kong’s CSI Properties plan to raise funds amid surging activity.

Chinese EV battery giant CATL launches US$5.3 billion Hong Kong IPO

Listing is expected to be the largest in Hong Kong since Kuaishou Technology raised US$6.2 billion in January 2021.

Trade war upends Chinese firms’ US gas contracts, plans: S&P Global

State-backed energy firms and private distributors may have to renegotiate long-term liquefied-natural-gas contracts, analysts say.

Chinese EV maker Nio to join fray in right-hand-drive car markets

Company’s Firefly minicar, priced around US$16,400, will be competitive in global markets despite tariffs, president says.

China’s CATL joins with Sinopec to build EV battery-swapping network

World’s top maker of EV batteries and oil giant aim to build a ‘battery-swapping ecosystem across the whole nation’.

Hong Kong stocks rise even as looming Trump tariffs keep sentiment in check

The Hang Seng Index is under consolidation as traders await development on the US tariffs front, says analyst Kenny Wen.

Southeast Asia’s poorest nation ‘holding off’ Chinese interest in huge gas field

East Timor would prefer to work with Australia and Japan over Chinese firms that have expressed interest in the field, its president said.

.css-1m2rp1p{color:#34b8b5;}Opinion | For China, choosing green hydrogen over shale gas should be a no-brainer

Fracking is technically challenging, expensive and polluting. Much better to devote more resources to green hydrogen.

Sinopec leads 23 firms in China’s US$1.55 billion stock buy-back rush

Firms waste no time answering Beijing’s call to use a relending facility designed to bolster the stock market.

East Timor approaches China’s Sinopec over US$65 billion gas project

‘If Australia doesn’t feel like doing it … Then either we talk with the Chinese or the Kuwaitis’, East Timor’s president said.

Opinion | The problem with China’s oil habit is not supply but demand

Drilling for deep-sea, offshore oil entails high costs and fracking carries unique challenges. Ultimately, China must drastically cut oil use.

Opinion | The problem with China’s oil habit is not supply but demand

Drilling for deep-sea, offshore oil entails high costs, and fracking carries unique challenges. Ultimately, China must drastically cut oil use.

Explainer | Will hydrogen fuel Hong Kong’s drive towards net zero by 2050?

The Post examines whether new government strategy will make hydrogen a fuel of the future and help city reach net zero carbon emissions by 2050.

China’s oil refiners are slowing down after decades of growth

A prolonged property crisis has weighed on China’s economy this year, while the steady uptake of new-energy vehicles and trucks powered by gas are flashing bearish signs for future oil demand.

Sri Lanka’s Hambantota port debunks Chinese debt trap narrative with success

The port has become a thriving transshipment hub in the Indian Ocean particularly for vehicles, with a turnover of 700,000 units a month.

Energy giants Sinopec and BP to strengthen ties in China

Sinopec and BP will strengthen cooperation in areas including fuel sales, oil and gas trading, marine fuel and upstream activities. The partnership will open new opportunities in China’s low-carbon sector.

Explainer | From nose to tail, how China is reshaping the aviation supply chain

Opinion | For China, choosing green hydrogen over shale gas should be a no-brainer