China Petroleum & Chemical Corp (ADR) (SNP) was Upgraded by Macquarie to ” Outperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Macquarie advised their investors in a research report released on Jul 25, 2016.
China Petroleum & Chemical Corp (ADR) opened for trading at $73.34 and hit $74.17 on the upside on Wednesday, eventually ending the session at $73.94, with a gain of 0.69% or 0.51 points. The heightened volatility saw the trading volume jump to 54,578 shares. Company has a market cap of $89,520 M.
China Petroleum & Chemical Corporation (Sinopec Corp.) is an energy and chemical company. The Company through its subsidiaries engages in oil and gas and chemical operations in the People’s Republic of China (PRC). The Company’s oil and gas operations consist of exploring for developing and producing crude oil and natural gas; transporting crude oil and natural gas by pipelines; refining crude oil into finished petroleum products; and marketing crude oil natural gas and refined petroleum products. Its chemical operations include the manufacture and marketing of a range of chemicals for industrial uses. The Company operates in four business segments: exploration and production segment refining segment marketing and distribution segment chemicals segment and corporate and others.