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
sales of 1.92 trillion Chinese Renmimbi [US$297.72 billion]
of which 64%
ENEOS Holdings Inc
(10.01 trillion Japanese Yen [US$91.51 billion]
of which 84%
was Energy), and
Reliance Industries Limited
based in INDIA
(5.97 trillion Indian Rupees [US$81.25 billion]
of which 65%
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.
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
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).
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)
Exploration and Production (up 45.8% to 162.04 billion Chinese Renmimbi)
Corporate and Other (up 7.2% to 888.23 billion Chinese Renmimbi)