China Petroleum & Chemical’s Stock Price Climbs to 4.29 HKD, Marking a Positive 0.70% Change

China Petroleum & Chemical (386)

4.29 HKD +0.03 (+0.70%) Volume: 105.9M

China Petroleum & Chemical’s stock price shows a promising uptick, currently valued at 4.29 HKD, marking a positive trading session with a +0.70% rise, backed by a robust trading volume of 105.9M. Despite a slight dip YTD at -3.60%, the oil giant presents a noteworthy performance in the energy sector.

Latest developments on China Petroleum & Chemical

China Petroleum & Chemical, also known as Sinopec, recently reported a 2% decrease in crude throughput in 2024, reflecting weaker demand in the Chinese market. The company’s refinery throughput experienced a dip, leading to mixed production results for the year. These operational statistics have had an impact on the stock price movements of China Petroleum & Chemical today, as investors react to the news of the reduced throughput and its implications on the company’s performance.

A look at China Petroleum & Chemical Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China Petroleum & Chemical Corporation, also known as Sinopec, has a positive long-term outlook based on its Smartkarma Smart Scores. With a top score in value and strong scores in dividend and momentum, the company is well-positioned for growth and resilience in the market. While its growth and resilience scores are slightly lower, its overall outlook remains promising.

As a producer and trader of petroleum and petrochemical products, China Petroleum & Chemical Corporation plays a significant role in the energy industry. With a diverse range of products including gasoline, diesel, and synthetic fibers, the company has a strong presence in the Chinese market. Its high scores in value and dividend highlight its stability and attractiveness to investors, making it a solid choice for those looking for long-term investment opportunities.

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