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16.08.26 - 16:30
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SINOPEC SEG Launches H Share Buyback With Fund Cap of HKD150 million (AAStocks)
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SINOPEC SEG (02386.HK) announced that it approved the implementation of an H share buyback under the repurchase mandate. Starting from today and within the next six months, the company will repurchase H shares in the open market using internal funds, with the total amount proposed to be no less than HKD100 million and no more th......
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16.08.26 - 13:15
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Results: SINOPEC SEG 1H26 Net Profit RMB1.137B Down 18%; Div 12.7 Cents (AAStocks)
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SINOPEC SEG (02386.HK) announced its interim results for the six months ended June 2026. Revenue amounted to RMB35.624 billion, up 12.7% YoY. Net profit declined 18% to RMB1.137 billion, with EPS of RMB0.26. An interim dividend of RMB0.127 was declared. (d)~AASTOCKS Financial NewsWebsite: www.aastocks.comThis article was automat......
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23.07.26 - 11:30
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SINOPEC CORP 1H26 Oil and Gas Equivalent Production Up 0.3% YoY (AAStocks)
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SINOPEC CORP (00386.HK) announced its production and operating results for 1H26. Oil and gas equivalent production amounted to 263.48 million barrels of oil equivalent, up 0.3% YoY. Crude oil production was 139.88 million barrels, down 0.1% YoY. Natural gas production reached 741.57 billion cubic feet, up 0.7% YoY.During the per......
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07.07.26 - 11:00
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SINOPEC SSC Wins Natural Gas Pipeline Project Worth RMB1.77B (AAStocks)
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SINOPEC SSC (01033.HK) announced that its wholly owned subsidiary, Sinopec Oil Engineering and Construction Corporation, recently won the bid for Section I of the general contracting project for the construction of Heihe-Daqing and Daqing-Changling Natural Gas Pipelines. The bid price amounted to RMB1.772 billion, representing a......
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07.07.26 - 08:06
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Peak oil: China′s crude demand set to fall as EV bets ease Hormuz fears (SCMP)
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China's crude oil demand is expected to peak this year, according to executives from the country's largest oil firm, a scenario set to further reshape the global energy market following the Strait of Hormuz crisis.
The world's top oil importer would record slowing demand as reductions in the use of transport fuel outweighed gains in petrochemical demand, said Zhang Changbao, vice-president of China National Petroleum Corporation (CNPC) Asia-Pacific (Hong Kong), at an event in Hong Kong on......
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12.06.26 - 12:30
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China Is Learning To Use Less Oil, And That′s A Bigger Deal Than It Sounds (ZeroHedge)
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China Is Learning To Use Less Oil, And That's A Bigger Deal Than It Sounds
By Julianne Geiger of OilPrice.com
Three months into the biggest oil supply disruption in modern history, China appears to have discovered something that should make oil bulls at least a little uncomfortable.
It can get by on less fuel than anyone thought.
China's gasoline and diesel demand has been falling for years as electric vehicles gained market share and economic growth slowed. But the latest drop has surprised even seasoned observers.
According to Reuters, gasoline sales at Sinopec, China's largest refiner and fuel retailer, fell 8% year over year in April, while diesel sales dropped 6%. Goldman Sachs estimates that consumption of gasoline and related products may have fallen by as much as 20%.
China has slashed crude imports since the Iran war began, with May imports plunging 29% to 7.8 million barrels per day—the lowest level in eight years. Until recently, many analysts viewed those cuts primarily as a f...
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06.06.26 - 10:12
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BYD will seine Flash Charger an Sinopec-Tankstellen errichten (Electrive)
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BYD hat in China eine Partnerschaft mit dem nationalen Mineralölkonzern Sinopec geschlossen, um allen voran den Ausbau der eignen „Flash Charging“-Schnellladeinfrastruktur im Land zu beschleunigen. Hintergrund ist, dass Sinopec in China mehr als 30.000 Tankstellen betreibt....
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