What is the ticker symbol for Sinopec Shanghai Petrochemical?
Sinopec Shanghai Petrochemical trades on the New York Stock Exchange (NYSE) under the ticker symbol "SHI." How do I buy shares of Sinopec Shanghai Petrochemical?
Should you buy Sinopec stock?
I believe Sinopec is cheap for a reason, as the company is controlled by the Chinese government and may not have investors' best interests in mind. There's a delisting overhang from the SEC's HFCAA rule. Sinopec could also run afoul of U.S. sanctions on Iran and Russia.
What is Sinopec's profit margin?
Despite being one of the largest integrated oil and gas companies in the world, Sinopec has very low margins. Figure 6 shows its operations summary in 2020 and 2021. In 2021, Sinopec generated RMB 86 billion in net income on revenues of RMB 2,740 billion, or 3. 1%.
What is the main source of income for Sinopec?
Its income is derived primarily from refining and marketing of oil products and petrochemical production. Sinopec has China's largest petrol station network with over 30,000 stations and enjoys significant market share in petrochemicals.
Is Sinopec a good buy?
Summary. Sinopec has proved one of the most resilient energy stocks to the pandemic. Sinopec is currently trading at only 5.1 times its expected earnings this year and 5.2 times its expected earnings in 2022. The stock has offered a 9.6% dividend this year.
Does China own Sinopec?
China Petroleum & Chemical (Sinopec) is a core subsidiary of China Petrochemical, or Sinopec Group. The parent falls under the purview of China's State Council. Sinopec is one of the world's largest oil companies. It dominates the domestic oil and gas business alongside state-owned PetroChina.
Is Sinopec public?
In the 2020 Forbes Global 2000, Sinopec was ranked as the 60th largest public company in the world.
When did Sinopec go public?
CNN.com - Sinopec launches record China IPO - August 8, 2001.
Is SPC and Sinopec same?
Profile. SPC is one of the largest integrated refined petroleum and petrochemical product manufacturer in China, with around 2-3% share in the domestic market. China Petroleum & Chemical Corporation (Sinopec, Bloomberg ticker: 386 HK) is the parent of SPC, holding a 50.44% stake in the company.
Who makes Sinopec oil?
China Petrochemical CorporationSinopecHeadquarters in BeijingTotal equityCN¥854,070 million (2017)Number of employees249,142 (2018)ParentChina Petrochemical Corporation (SASAC)Websitesinopec.com/listco/en14 more rows
How many employees does Sinopec have?
China Petroleum & Chemical Corporation (SINOPEC) is an international energy company with around 845,000 employees in 76 countries and regions.
What does Sinopec stand for?
SINOPECAcronymDefinitionSINOPECChina Petrochemical Corporation
How many countries do Sinopec sell to?
Sinopec has over 51 overseas oil and gas exploration and production projects in 25 countries, including Canada, Angola, the U.S., Cameron, Qatar, Russia, and Egypt. In 2019, the company produced 33.79 mln tonnes of crude oil and 10.7 billion m3 of natural gas from its overseas operations.
What is China's largest oil company?
China National Petroleum Corporation is one of the largest oil companies in the world and ranks first in terms of revenue. Sinopec is China's largest oil supplier and its second-largest oil producer.
Is Sinopec state owned?
Sinopec Group is wholly owned by the state and has strategic importance as one of China's three national oil companies. The state has robust control over the company's operation and key management appointments.
How much oil does China purchase from Russia?
It imported 7.82 million tons of oil from Saudi Arabia in May. China bought $7.47 billion worth of Russian energy products last month, about $1 billion more than in April, according to Bloomberg News.
Should I buy or sell Sinopec Shanghai Petrochemical stock right now?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sinopec Shanghai Petrochemical in the last twelve months. There are curren...
How has Sinopec Shanghai Petrochemical's stock price performed in 2022?
Sinopec Shanghai Petrochemical's stock was trading at $22.75 at the start of the year. Since then, SHI shares have decreased by 13.1% and is now tr...
Are investors shorting Sinopec Shanghai Petrochemical?
Sinopec Shanghai Petrochemical saw a increase in short interest during the month of May. As of May 31st, there was short interest totaling 6,700 sh...
When is Sinopec Shanghai Petrochemical's next earnings date?
Sinopec Shanghai Petrochemical is scheduled to release its next quarterly earnings announcement on Wednesday, June 15th 2022. View our earnings fo...
How were Sinopec Shanghai Petrochemical's earnings last quarter?
Sinopec Shanghai Petrochemical Company Limited (NYSE:SHI) posted its earnings results on Friday, April, 29th. The oil and gas company reported $0.1...
How often does Sinopec Shanghai Petrochemical pay dividends? What is the dividend yield for Sinopec Shanghai Petrochemical?
Sinopec Shanghai Petrochemical declared an annual dividend on Wednesday, March 30th. Investors of record on Tuesday, June 28th will be given a divi...
Is Sinopec Shanghai Petrochemical a good dividend stock?
Sinopec Shanghai Petrochemical(NYSE:SHI) pays an annual dividend of $1.35 per share and currently has a dividend yield of 6.83%. SHI has a dividend...
Who are Sinopec Shanghai Petrochemical's key executives?
Sinopec Shanghai Petrochemical's management team includes the following people: Mr. Haijun Wu , Exec. Chairman (Age 60, Pay $171.02k) Mr. Zemin...
Who are some of Sinopec Shanghai Petrochemical's key competitors?
Some companies that are related to Sinopec Shanghai Petrochemical include Rogers (ROG) , Hexcel (HXL) , Avient (AVNT) , Trinseo (TSE) , PureCy...
What is Sinopec oil?
Why is Sinopec's Q3 earnings lower?
Analyst Report: China Petroleum & Chemical Corporation China Petroleum & Chemical, or Sinopec, is one of China's national oil companies and one of Asian's largest integrated oil companies in terms of revenue. Its income is derived primarily from refining and marketing of oil products and petrochemical production. Sinopec has China's largest petrol station network with over 30,000 stations and enjoys significant market share in petrochemicals. Established in 2000 by China Petrochemical Corporation, a state-owned enterprise and majority shareholder, the company also owns oil and gas assets in Shandong and Sichuan provinces. It has a smaller global upstream presence than peers PetroChina and CNOOC.
Why is natural gas price going up in China?
Sinopec's (SNP) lower Q3 earnings were owing to a decline in crude production in the overseas market. This was offset partially by higher commodity prices and throughput volumes.
When will China buy LNG?
SINGAPORE (Reuters) -Sinopec Corp said on Friday it expects sales prices for natural gas in China in the fourth quarter to rise at least 20% versus a year earlier because of peak winter heating demand and in line with surging import costs. The expected price increase followed 17.4% growth in Sinopec's gas sales prices during the first nine months of this year, on back of the rallying global gas market that was bolstered by thin stocks in Europe and robust demand growth in China. China's natural gas demand is forecast to rise 10% this winter versus a year ago, after more households shifted to gas from coal and a power crunch led to more gas-fired electricity production.
Where is the oil refinery in China?
LNG producer and exporter Venture Global LNG on November 4, 2021, to purchase 4 million tons of LNG a year.
What is trading petrochemical products?
(Bloomberg) -- The future of China’s vast oil-refining industry may hinge on what government investigators find in the small seaside city of Panjin.This little-known energy hub about 300 miles east of Beijing has emerged as the focal point of a probe that industry insiders say could shift the balance of power from the private sector to the state.At issue are the private Chinese refiners known as teapots, which have steadily gained market share from state-owned giants like Sinopec Group since the
What is the petroleum product segment?
The Trading of Petrochemical Products segment focuses on importing and exporting of petrochemical products. The Others segment consists of investment property leasing, service provision, and a variety of other commercial activities. The company was founded in 1972 and is headquartered in Shanghai, China.
When is Sinopec's dividend?
The Petroleum Products segment comprises of refined gasoline, fuel, diesel oil, heavy oil and liquefied petroleum gas, and provide raw materials for the group's downstream petrochemical processing facilities. The Trading of Petrochemical Products segment focuses on importing and exporting of petrochemical products.
What is the P/E ratio of Sinopec?
This represents a dividend yield of 6.1%. The ex-dividend date of this dividend is Friday, June 18th. This is an increase from Sinopec Shanghai ...
What is Sinopec's P/B ratio?
The P/E ratio of Sinopec Shanghai Petrochemical is 5.12, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 16.61.
What are the segments of Sinopec?
Sinopec Shanghai Petrochemical has a P/B Ratio of 0.54. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.
Is there enough data for Sinopec Shanghai Petrochemical?
It operates through five segments: Synthetic Fibers, Resins and Plastics, Intermediate Petrochemicals, Petroleum Products, and Trading of Pe trochemical Products. The Synthetic Fibers segment produces polyesters, acrylic fibers, and carbon fibers that are primarily used in the textile and apparel industries. The Resins and Plastics segment produces polyester chips that are used to produce polyester fibers, coating, and containers; polyethylene resins and plastics, which are used to produce insulated cables and mulching films, as well as molded products, such as housewares and toys; and polypropylene resins that are used for films and sheets, as well as molded products, such as housewares, toys, consumer electronics, and automobile parts; and PVA granules. The Intermediate Petrochemicals segment produces p-xylene, benzene, and ethylene oxide, which are used as raw materials in the production of other petrochemicals, resins, plastics, and synthetic fibers. The Petroleum Products segment operates crude oil refinery facilities used to produce refined gasoline, fuel, diesel oil, heavy oil, and liquefied petroleum gas. The Trading of Petrochemical Products segment is involved in the import and export of petrochemical products. The company was founded in 1972 and is based in Shanghai, the People's Republic of China. Sinopec Shanghai Petrochemical Company Limited is a subsidiary of China Petroleum & Chemical Corporation.
Is Sinopec a dividend payer?
There is not enough analysis data for Sinopec Shanghai Petrochemical.
