China Petroleum & Chemical Corporation
China Petroleum & Chemical Corporation, also known as Sinopec, is engaged in the oil and gas industry. Its operations include the exploration and production, pipeline transportation and sale of petroleum and natural gas, as well as the production, sale, storage and transportation of refinery products, petrochemical products, coal chemical products, synthetic fibre and other materials. It also operates an import and export agency business and engages in research and development of technologies and information.
China Petroleum & Chemical Corporation was founded in 2002 and its headquarters are located in Beijing, China.
China Petroleum & Chemical Corporation H shares are listed on the Stock Exchange of Hong Kong Limited (SEHK), the New York Stock Exchange (NYSE) and the London Stock Exchange (LSE). Its A shares are listed on the Shanghai Stock Exchange.
China Petroleum & Chemical Corporation Market Influences
There are various factors that can influence the stock performance of gas and oil companies. Controversies involving safety failures and environmentally harmful practices will certainly affect share prices. Similarly, press releases about mergers, employee layoffs, and earnings reports can also impact China Petroleum & Chemical Corporation’s performance. Other factors to consider include the broader economic climate, governmental regulations and investor confidence.