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China Petroleum & Chemical Corporation Company Snapshot
China Petroleum & Chemical Corporation operates within the Petroleum refining sector. In addition to historical fundamental analyses, the complete report available to purchase compares China Petroleum & Chemical with three other petroleum refiners in Asia: PetroChina Co Ltd (2020 sales of 1.92 trillion Chinese Renmimbi [US$297.72 billion] of which 64% was Marketing), ENEOS Holdings Inc of JAPAN (10.01 trillion Japanese Yen [US$91.51 billion] of which 84% was Energy), and Reliance Industries Limited which is based in INDIA (5.97 trillion Indian Rupees [US$81.25 billion] of which 65% was Refining).

Sales Analysis. Sales were up sharply during the second quarter of 2021 versus the previous year's second quarter. During the second quarter of 2021, sales at China Petroleum & Chemical totalled 684.62 billion Chinese Renmimbi. This is an increase of 63.8% from the 417.91 billion Chinese Renmimbi in sales at the company during the second quarter of 2020. This was the biggest same quarter rise in sales at China Petroleum & Chemical in the previous 32 quarters. During the first two quarters of 2021, sales totalled 1.16 trillion Chinese Renmimbi, which is 28.6% higher than through the first two quarters of 2020. There appears to be at least some degree of seasonality in the sales at China Petroleum & Chemical: during 7 of the previous 8 years, sales were highest during the fourth quarter. The exception to this was during 2015, when the second quarter was the best quarter, accounting for 27% of sales (during that same year, the fourth quarter accounted for 26% of sales). During the year ended December of 2020, sales at China Petroleum & Chemical were 1.91 trillion Chinese Renmimbi (US$296.67 billion). This is a sharp decrease of 30.9% versus 2019, when the company's sales were 2.76 trillion Chinese Renmimbi. The sales level in 2020 was fairly close to the level five years ago: in 2015, China Petroleum & Chemical had sales of 1.82 trillion Chinese Renmimbi. Contributing to the drop in overall sales was the 23.4% decline in Marketing and Distribution, from 1.39 trillion Chinese Renmimbi to 1.07 trillion Chinese Renmimbi. There were also decreases in sales in Chemicals (down 14.8% to 362.64 billion Chinese Renmimbi) . However, these declines were partially offset by the increase in sales of Refining (up 563.4% to 939.88 billion Chinese Renmimbi) and Exploration and Production (up 45.8% to 162.04 billion Chinese Renmimbi) and Corporate and Other (up 7.2% to 888.23 billion Chinese Renmimbi) .
   
   
 
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China Petroleum & Chemical Corporation
  Stock Performance Chart for China Petroleum & Chemical Corporation
 
  Stock Data: Recent Stock Performance:
  Current Price (9/10/2021): 4.55
(Figures in Chinese Renmimbi)
1 Week 4.4%   13 Weeks 13.8%  
4 Weeks -2.4%   52 Weeks 16.4%  
 
China Petroleum & Chemical Corporation Key Data:
  Ticker: 600028 Country: China
  Exchanges: HKG OTH Major Industry: Energy
    Sub Industry: Petroleum Refining
  2020 Sales 1,908,442,000,000
(Year Ending Jan 2021).
Employees: 384,065
  Currency: Chinese Renmimbi Market Cap: 550,874,003,889
  Fiscal Yr Ends: December Shares Outstanding: 121,071,209,646
  Share Type: A Gu Closely Held Shares: 84,130,027,971
 
 
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