The stock of China Petroleum & Chemical Corp (SNPMF, Financial) on the US OTC market experienced a significant drop, falling by 6.88%. The stock is currently priced at $0.553 per share with a trading volume of 1,001 shares. Its turnover rate and amplitude are at 0.00%.
According to recent financial reports, China Petroleum & Chemical Corp reported an operating revenue of $99.336 billion and a net profit of $2.401 billion. The earnings per share stood at $0.02, with a gross profit of $7.296 billion. The stock’s price-to-earnings ratio is 8.15. No institutional rating for buy, hold, or sell recommendations is currently available for the stock.
In the wider oil and gas integrated industry of the US OTC market, there was an overall drop of 0.06%. Comparatively, stocks such as Crown Lng Holdings Limited and Transportadora De Gas Del Sur S.A witnessed significant increases. Meanwhile, stocks like Sky Quarry Inc. and Crescent Energy Company showed higher activity levels. Crown Lng Holdings Limited C/Wts 09/07/29 had the most significant price amplitude among related stocks at 45.54%.
China Petroleum & Chemical Corp, also known as Sinopec, is one of China's major state-owned oil companies, being the largest integrated oil company in Asia by revenue. The company primarily generates revenue from refining and selling petrochemical products and petroleum. Sinopec boasts the largest network of gas stations in China, with over 30,000 stations. Established in 2000, Sinopec holds assets in Shandong and Sichuan provinces and has a smaller global upstream influence compared to peers like PetroChina and CNOOC. In 2023, Sinopec's oil and gas output reached 50,409 million barrels, and it processed 257.52 million tons of crude oil.
