China Petroleum & Chemical Corporation Q3 2015 Results Announcement October 30, 2015
Market Environment in Q3 2015 Chinas GDP grew by 6.9% in the first three quarters International crude oil price fluctuated at low level Domestic demands of refined oil products and petrochemicals keep growth Consumption of…
Profitability Quarterly turnover YoY RMB million 1-914 1-915 change and other operating income % RMB million Turnover and 562,121 other operating 2,115,648 1,536,837 (27.4) income 478,241 496,475 Operating profit 76,364 49,476…
Improved Cash Flow RMB million 1-914 1-915 Net cash generated from operating activities 108,247 116,593 Net cash from investing activities (87,141) (74,209) Net cash generated from financing activities (16,372) 4,764 Cash…
E&P Segment Operational Performance YoY 1-914 1-915 change% Oil and gas production (mmboe) * 357.41 350.82 (1.84) Crude oil production (mmbbls) 268.87 262.38 (2.41) China 232.51 222.42 (4.34) Overseas 36.36 39.96 9.90…
E&P Segment Financial Performance Realized Price of Crude Oil USD/bbl 94.72 RMB million 1-914 1-915 48.91 Operating profit 41,748 (3,444) 1-914 1-915 Realized Price of Natural Gas Lifting cost USD/'000 cubic feet…
Refining Segment Operating Performance million tonnes 1-914 1-915 YoY change% Refinery throughput 175.83 178.32 1.42 Gasoline production 38.13 40.85 7.13 Diesel production 55.50 53.32 (3.93) Kerosene 15.37 18.01 17.18 Chemical…
Chemicals Financial Performance Chemical Products Price Index Operating profit (CPPI) RMB million 250 200 15,008 150 100 50 0 Index Difference CPPI Naphtha Price Index (3,516) Source: Sinopec Corp. 1-9'14 1-9'15…
Capital Expenditure E&P Total Capex for 3Q: 38.065bn Shengli, Tahe,Yuanba oil and gas field and Fuling shale gas field exploration and development , Tianjin, Guangxi LNG RMB billion projects and natural gas pipeline construction…