Oil Outlook Clouded by Trade Talks, OPEC+ Supply Uncertainty -- Market Talk

WSJApr 28 03:37 ET

SINOPEC CORP (00386.HK) and China Petroleum & Chemical Corporation will increase the capital of the company by a total of 1.99 billion yuan.

On April 28, Glonghui announced that SINOPEC CORP (00386.HK) signed a "Capital Increase Agreement" with China Petroleum & Chemical Corporation and the capital company on April 28, 2025. Accordingly, the company and China Petroleum & Chemical Corporation will increase the capital of the capital company by a total of 1.99 billion yuan, of which the company will contribute 0.9751 billion yuan in Cash / Money Market, and China Petroleum & Chemical Corporation will contribute 1.0149 billion yuan in Cash / Money Market. The registered capital of the capital company will be increased from 10 billion yuan to 11.99 billion yuan. After this capital increase is completed, the company and China Petroleum & Chemical Corporation will hold...

Gelonghui FinanceApr 28 07:48 ET

In the first quarter, SINOPEC CORP (00386.HK) reported a profit attributable to Shareholders of 13.975 billion yuan, a decrease of 25.4% year-on-year.

On April 28, Glonghui reported that SINOPEC CORP (00386.HK) announced its revenue for the first quarter of 2025 was 735.356 billion yuan, a year-on-year decrease of 6.9%; the profit attributable to shareholders was 13.975 billion yuan, a year-on-year decrease of 25.4%; the basic net income per share was 0.115 yuan/share.

Gelonghui FinanceApr 28 07:42 ET

Petro Matad Signs Oil Sale Deal With PetroChina Daqing

MT NewswiresApr 28 07:24 ET

SINOPEC CORP (00386.HK) and its subsidiary Fujian Refining & Chemical intend to establish a joint venture with AAS, with a registered capital of 28.801 billion yuan.

On April 28, Gelonghui reported that SINOPEC CORP (00386.HK) announced that on April 28, 2025, the company, Fujian Refining, and AAS signed a joint venture agreement. According to the joint venture agreement, the company and its subsidiary Fujian Refining will jointly invest with AAS (an independent third party) to establish a joint venture company. The registered capital of the joint venture company is 28,800,906,667 yuan, and the company and Fujian Refining will respectively invest 7,200,226,667 yuan and 14,400,453,334 yuan in cash, accounting for the registered capital of the joint venture company.

Gelonghui FinanceApr 28 07:11 ET

PetroChina Company Limited's (HKG:857) Price Is Right But Growth Is Lacking

Simply Wall StApr 28 02:19 ET