China Petroleum & Chemical Corporation, an energy and chemical company, engages in oil and gas, and chemical operations in the People's Republic of China. It operates through five segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others. The company explores for and develops oil fields; produces crude oil and natural gas; processes and purifies crude oil; and manufactures and sells petroleum products. It also owns and operates oil depots and service stations; and distributes and sells refined petroleum products, including gasoline and diesel through wholesale and retail sales networks. In addition, the company manufactures and sells petrochemical and derivative petrochemical products; and other chemical products, such as basic organic chemicals, synthetic resins, synthetic fiber monomers and polymers, synthetic fibers, synthetic rubber, and chemical fertilizers. Further, it is involved in the pipeline transportation and sale of petroleum and natural gas; production, sale, storage, and transportation of refinery, petrochemical, and coal chemical products; import and export of petroleum products, natural gas, petrochemical and chemical products, and other commodities and technologies; research, development, and application of technologies and information; production and sale of catalyst products, lubricant base oil, polyester chips and fibers, plastics, and intermediate petrochemical products; research, development, production, and sale of ethylene and downstream byproducts; provision of geophysical and drilling services, as well as well testing and measurement services; manufacturing production equipment; and coal chemical industry investment management activities. The company was founded in 2000 and is headquartered in Beijing, the People's Republic of China. China Petroleum & Chemical Corporation is a subsidiary of China Petrochemical Corporation.
IPO Year:
Exchange: NYSE
Website: sinopec.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/11/2023 | Reduce → Hold | HSBC Securities | |
| 1/26/2023 | Mkt Perform → Outperform | Bernstein | |
| 6/21/2022 | Neutral → Sell | Goldman |
SC 13G/A - CHINA PETROLEUM & CHEMICAL CORP (0001123658) (Subject)
SC 13G/A - CHINA PETROLEUM & CHEMICAL CORP (0001123658) (Subject)
HSBC Securities upgraded China Petroleum (Sinopec) from Reduce to Hold
Bernstein upgraded China Petroleum (Sinopec) from Mkt Perform to Outperform
Goldman downgraded China Petroleum (Sinopec) from Neutral to Sell
Goldman upgraded China Petroleum (Sinopec) from Sell to Neutral and set a new price target of $61.98 from $51.71 previously
BEIJING, Oct. 30, 2024 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ:RCON) ("Recon" or the "Company"), a China-based independent solutions integrator in the oilfield service and environmental protection, electric power and coal chemical industries, today announced its financial results for fiscal year 2024. Fiscal Year Ended June 30, 2024 Financial Highlights: Total revenue increase by approximately RMB1.7 million ($0.2 million) or 2.6% to RMB68.8 million ($9.5 million) for the year ended June 30, 2024 from RMB67.1million ($9.2 million) for the same period in 2023.Gross profit increased to RMB20.9 million ($2.9 million) for the year ended June 30, 2024, from RMB18.9 million ($2.6 million) f
BEIJING, June 28, 2024 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ:RCON) ("Recon" or the "Company"), a China-based independent solutions integrator in the oilfield service and environmental protection, electric power and coal chemical industries, today announced its financial results for the first six months of fiscal year 2024. First Six Months of Fiscal 2024 Financial Highlights: - Total revenue was RMB45.3 million ($6.4 million) for the six months ended December 31, 2023, identical to the same period in 2022. - Gross profit decreased to RMB12.1 million ($1.7 million) for the six months ended December 31, 2023, from RMB13.1 million ($1.8 million) for the same period in 2022. - Gross mar
BEIJING, May 23, 2024 /PRNewswire/ -- Recon Technology, Ltd. (NASDAQ:RCON) ("Recon" or the "Company") announced today that on May 22, 2024, it had received a letter dated May 22, 2024 (the "Compliance Letter") from the Listing Qualifications Hearings Department of Nasdaq notifying the Company that (i) the Company's bid price deficiency had been cured and (ii) the Company was in compliance with all applicable listing standards. Accordingly, the Compliance Letter provided that the Company's scheduled hearing had been determined to be moot and had been cancelled, and the Company's ordinary shares will continue to be listed and traded on The Nasdaq Capital Market. About Recon Technology, Ltd.
BEIJING, April 29, 2024 /PRNewswire/ -- Recon Technology, Ltd. (NASDAQ:RCON) ("Recon" or the "Company") announced today that on April 23, 2024, it has received a Staff determination letter (the "Letter") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company of the Staff's determination to delist the Company's securities from The Nasdaq Capital Market because the Company currently fails to satisfy the requirement that the closing bid price of its securities remain at $1.00 or higher as required by Nasdaq Listing Rule 5810(c)(3)(A) (the "Minimum Bid Price Rule"). The Company had received a period of 180 calendar days and a second period of
BEIJING, April 25, 2024 /PRNewswire/ -- Recon Technology, Ltd. (NASDAQ:RCON) ("Recon" or the "Company") announced today that the Company's shareholders approved on March 29, 2024 to effect a reverse stock split of the Company's Class A ordinary shares at the ratio of one-for-eighteen with the market effective date of May 1, 2024. The objective of the reverse stock split is to enable the Company to regain compliance with the NASDAQ Marketplace Rule 5550(a)(2) and maintain its listing on Nasdaq. Beginning with the opening of trading on May 1, 2024, the Company's ordinary shares will trade on the NASDAQ Capital Market on a split-adjusted basis, under the same symbol "RCON" but under a new CUSI
BEIJING, March 11, 2024 /PRNewswire/ -- Recon Technology Ltd ("Recon" or the "Company"), a China-based provider of oilfield services and low-carbon energy services, today announced two recently awarded bids from a newly developed oilfield-industry customer for the supply of electronic components and materials used in oilfield production. The total value of these contracts exceeds US$3 million and represents a significant milestone for the Company. "We are very pleased to have secured these contracts with this new customer in the automation and electronics sector, and Recon emerged as the preferred choice due to our proven track record, innovative solutions and commitment to excellence," sai
BEIJING, March 4, 2024 /PRNewswire/ -- Recon Technology Ltd ("Recon" or the "Company"), a China-based oilfield service provider and low-carbon energy service provider, today announced that it will participate in the 2024 Plastics Recycling Conference in Grapevine, Texas, from March 25th to 27th. At the conference, Recon will showcase its solutions for low value plastic chemical recycling, including its solution on waste plastic collection and treatment, basic processing and techniques, factory construction progress and expected production capacity, and main outputs of the process. We cordially invite everyone interested in chemical recycling of plastics to visit our Booth 419 to learn more
BEIJING, June 7, 2023 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ:RCON) ("Recon" or the "Company") today announced that Nanjing Recon Technology Co., Ltd ("Nanjing Recon") has been awarded a contract worth RMB 6,104,000 (or USD 1.0 million) for the Ground Control Project in the Deep Shale Gas Field at a Well Area in Chongqing City located in mainland China. The Company will commence the project upon contract execution and expects to complete services no later than December 31, 2024. Under the terms of the contract, Nanjing Recon will implement the Ground Control Project, which focuses on the autonomous monitoring and control system for the deep shale gas field. This project marks another s
BEIJING, April 28, 2023 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ:RCON) ("Recon" or the "Company") today announced that on April 27, 2023, it received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2). It resulted from the fact that the closing bid price of the Company's ordinary shares was below $1.00 per share for a period of 30 consecutive business days. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The notification has no immediate effect
BEIJING, CHINA / ACCESSWIRE / March 26, 2023 / China Petroleum & Chemical Corporation ("Sinopec Corp." or the "Company") (HKEX:386)(SSE:600028)(NYSE:SNP) today announced its annual results for the twelve months ended 31 December 2022.Financial HighlightsIn accordance with IFRS, the Company's revenue reached RMB 3.32 trillion, increased by 21.1% year-on-year; Profit attributable to shareholders of the Company was RMB 66.153 billion. Basic earnings per share were RMB 0.547. In accordance with ASBE, the Company's profit attributable to shareholders of the Company was RMB 66.302 billion. Basic earnings per share were RMB 0.548.In accordance with IFRS, cash and cash equivalent as at the end of 20
15F-12B - CHINA PETROLEUM & CHEMICAL CORP (0001123658) (Filer)
6-K - CHINA PETROLEUM & CHEMICAL CORP (0001123658) (Filer)
6-K - CHINA PETROLEUM & CHEMICAL CORP (0001123658) (Filer)
6-K - CHINA PETROLEUM & CHEMICAL CORP (0001123658) (Filer)
6-K - CHINA PETROLEUM & CHEMICAL CORP (0001123658) (Filer)
6-K - CHINA PETROLEUM & CHEMICAL CORP (0001123658) (Filer)
6-K - CHINA PETROLEUM & CHEMICAL CORP (0001123658) (Filer)
6-K - CHINA PETROLEUM & CHEMICAL CORP (0001123658) (Filer)
6-K - CHINA PETROLEUM & CHEMICAL CORP (0001123658) (Filer)
6-K - CHINA PETROLEUM & CHEMICAL CORP (0001123658) (Filer)
BEIJING, Oct. 30, 2024 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ:RCON) ("Recon" or the "Company"), a China-based independent solutions integrator in the oilfield service and environmental protection, electric power and coal chemical industries, today announced its financial results for fiscal year 2024. Fiscal Year Ended June 30, 2024 Financial Highlights: Total revenue increase by approximately RMB1.7 million ($0.2 million) or 2.6% to RMB68.8 million ($9.5 million) for the year ended June 30, 2024 from RMB67.1million ($9.2 million) for the same period in 2023.Gross profit increased to RMB20.9 million ($2.9 million) for the year ended June 30, 2024, from RMB18.9 million ($2.6 million) f
BEIJING, June 28, 2024 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ:RCON) ("Recon" or the "Company"), a China-based independent solutions integrator in the oilfield service and environmental protection, electric power and coal chemical industries, today announced its financial results for the first six months of fiscal year 2024. First Six Months of Fiscal 2024 Financial Highlights: - Total revenue was RMB45.3 million ($6.4 million) for the six months ended December 31, 2023, identical to the same period in 2022. - Gross profit decreased to RMB12.1 million ($1.7 million) for the six months ended December 31, 2023, from RMB13.1 million ($1.8 million) for the same period in 2022. - Gross mar
BEIJING, CHINA / ACCESSWIRE / March 26, 2023 / China Petroleum & Chemical Corporation ("Sinopec Corp." or the "Company") (HKEX:386)(SSE:600028)(NYSE:SNP) today announced its annual results for the twelve months ended 31 December 2022.Financial HighlightsIn accordance with IFRS, the Company's revenue reached RMB 3.32 trillion, increased by 21.1% year-on-year; Profit attributable to shareholders of the Company was RMB 66.153 billion. Basic earnings per share were RMB 0.547. In accordance with ASBE, the Company's profit attributable to shareholders of the Company was RMB 66.302 billion. Basic earnings per share were RMB 0.548.In accordance with IFRS, cash and cash equivalent as at the end of 20
BEIJING, Oct. 28, 2022 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ:RCON) ("Recon" or the "Company"), a China-based independent solutions integrator in the oilfield service and environmental protection, electric power and coal chemical industries, today announced its financial results for fiscal year 2022. Fiscal Year Ended June 30, 2022 Financial Highlight: Total revenue increased by approximately RMB35.9 million ($5.3 million) or 74.8% to RMB83.8 million ($12.5 million) for the year ended June 30, 2022 from RMB47.9 million for the same period in 2021.Gross profit increased to RMB19.4 million ($2.9 million) for the year ended June 30, 2022, from RMB7.2 million for the same period in 2021.G
BEIJING, CHINA / ACCESSWIRE / August 28, 2022 / China Petroleum & Chemical Corporation ("Sinopec Corp." or the "Company") ((HKEX: 386, SSE: 600028, NYSE:SNP) today announced its interim results for the six months ended 30 June 2022.Financial HighlightsIn accordance with IFRS, the Company's turnover and other operating revenues in the first half of 2022 were RMB 1.61 trillion, up by 27.9% year on year. Profit attributable to equity shareholders of the Company was RMB 44.5 billion. Basic earnings per share were RMB 0.367, up by 10.5% year on year. The Company maintained a sound financial position and its liability-to-asset ratio as of 30 June 2022 was 54.81%.Focusing on shareholder returns, th
BEIJING, CHINA / ACCESSWIRE / August 28, 2022 / China Petroleum & Chemical Corporation ("Sinopec Corp." or the "Company") ((HKEX: 386, SSE: 600028, NYSE:SNP) today announced its interim results for the six months ended 30 June 2022.Financial HighlightsIn accordance with IFRS, the Company's turnover and other operating revenues in the first half of 2022 were RMB 1.61 trillion, up by 27.9% year on year. Profit attributable to equity shareholders of the Company was RMB 44.5 billion. Basic earnings per share were RMB 0.367, up by 10.5% year on year. The Company maintained a sound financial position and its liability-to-asset ratio as of 30 June 2022 was 54.81%.Focusing on shareholder returns, th
CHONGQING, China, July 4, 2022 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has reported that it has achieved a daily production capacity of 530,000 cubic meters of shale gas on June 30 in its Xinye Well-1 in Qijiang, Chongqing, confirming the 100 billion cubic meters of shale gas reserves in its Xinchang shale gas structure. As of now, Sinopec has established the shale gas resource belt of "Xinchang South – Dongxi – Dingshan – Lintanchang" (the "Belt") in the southeastern Sichuan Basin, with overall shale gas resource volume reaching 1.19305 trillion cubic meters, the second trillion-level shale gas reserve of Sinopec following its Fuling shale gas field
BEIJING, March 30, 2022 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ:RCON) ("Recon" or the "Company"), today announced its financial results for the first six months of Fiscal Year 2022. First Six Months of Fiscal 2022 Financial: Total revenues for the six months ended December 31, 2021 increased by 116.2% to $8.6 million (RMB54.4 million), while revenue from our oily sludge and waste water segments increased by 605.9% or $2.7 million (RMB16.9 million). Gross profit for the six months ended December 31, 2021 was $2.3 million (RMB14.5 million). Our gross profit as a percentage of revenue remained at the same level of 26.7% for the six months ended December 31, 2021 compared with the same p
BEIJING, CHINA / ACCESSWIRE / March 27, 2022 / China Petroleum & Chemical Corporation ("Sinopec Corp." or the "Company") (HKEX:386)(SSE:600028)(NYSE:SNP) today announced its annual results for the twelve months ended 31 December 2021.Financial HighlightsIn accordance with IFRS, the Company's revenue reached RMB 2.74 trillion, increased by 30.2% year-on-year; Profit attributable to shareholders of the Company was RMB 71.975 billion, surged by 115.2% year-on-year. Basic earnings per share were RMB 0.594. In accordance with ASBE, the Company's profit attributable to shareholders of the Company was RMB 71.208 billion, increased by 114.0% year-on-year. Basic earnings per share were RMB 0.588.In a
BEIJING, CHINA / ACCESSWIRE / August 29, 2021 / China Petroleum & Chemical Corporation ("Sinopec Corp." or the "Company") (HKEX:386)(SSE:600028)(NYSE:SNP) today announced its interim results for the six months ended 30 June 2021.Financial HighlightsIn accordance with IFRS, the Company's turnover and other operating revenues in the first half of 2021 were RMB 1.26 trillion, surged by 22.1% year on year. Profit attributable to equity shareholders of the Company was RMB 40.0 billion. Basic earnings per share were RMB 0.330. Both were greatly improved and better than pre-pandemic level. The Company's liability-to-asset ratio as of 30 June 2021 was 51.09%, maintaining a sound financial position.F
China Petroleum and Chemical Corporation (NYSE: SNP), or Sinopec, registered a 10.4% increase in its H1 net profit at 43.53 billion yuan ($6.3 billion), led by higher global crude and gas prices, despite domestic demand remaining sluggish. Sinopec reported revenues of 1.61 million yuan in the first half of 2022 as against 1.26 million yuan in the same period last year, according to a company statement. Also Read: Here's Why Housing Prices Could Fall By 20% In 183 Cities Across US, Including Boise, Charlotte And Austin It registered earnings per share of 0.36 yuan in the first half, rising from 0.326 yuan a year earlier. Crude Production: In the first half, Sinopec’s production of oil and