(VIANEWS) – Shares of China Petroleum & Chemical (NYSE: SNP) dropped by a staggering 0% in 21 sessions from $0 to $0.00 at 22:55 EST on Thursday, after five consecutive sessions in a row of gains. NYSE is rising 0.41% to $15,545.52, after two successive sessions in a row of gains.

China Petroleum & Chemical’s last close was $43.25, 21.41% below its 52-week high of $55.03.

Is China Petroleum & Chemical Stock a Good Investment?

Investing in China Petroleum & Chemical Corp ADR is a challenge. The stock has been in a bearish cycle for the last twelve months. Its shares have been down 23.1% from the beginning of July. This could have impacted the market’s appetite for its shares.

China Petroleum & Chemical Corp ADR is an oil and gas company. It is involved in exploration, production, refining, storage and distribution of petroleum products. The company is headquartered in Beijing, China. It is also involved in manufacturing petrochemical products. In addition, it has operations in Singapore.

The company operates in five segments: Exploration and Development, Refining, Downstream Refining, Production and Retail Sales. The company has proved oil and gas reserves of 8.4 trillion cubic feet. Its refining capacity is 5.8 million boed. The company’s daily production rate is 2.9 bcf natural gas. In 2021, Sinopec sold 220 million tons of refined oil products.

The company is controlled by the Chinese government. However, its shareholders may not always align their interest with the government’s. For example, Sinopec’s shares have fallen on rumors of financial crimes committed by its employees. In addition, the company is at risk of being shut out of international payment systems. It also faces the risk of being sanctioned by the U.S. government.

The company has a high payout ratio. In 2021, the company generated 86 billion in net income on RMB 2,740 billion in revenues. Its shares have a forward PE ratio of 9.23. This ratio is calculated by dividing the share price today by the earnings per share for the next twelve months. This ratio helps compare the share prices of companies with high growth potential.

About China Petroleum & Chemical

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 9.6%.

Revenue Growth

Year-on-year quarterly revenue growth grew by 33.8%, now sitting on 2.93T for the twelve trailing months.

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