China's Sinopec nine-month profit jumps, revenue rises 4.4%

China Petroleum and Chemical

29/10/2026 09:55

Overview
China oil and chemical firm's nine-month revenue rose 4.4% yr/yr to RMB 2.21 trln
Net income attributable to shareholders for nine months rose 30% yr/yr
Net cash flow from operating activities increased 41.1% yr/yr

Outlook
Company did not provide specific guidance or outlook commentary for future quarters or full yr in the press release

Result Drivers
HIGHER OPERATING INCOME - Operating income for the nine-month period rose 4.4% yr/yr
STRONG PROFIT GROWTH - Net profit attributable to shareholders increased 30% yr/yr
INCREASED CASH FLOW - Net cash flow from operating activities rose 41.1% yr/yr

Company press release: Full Story

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Revenue
 
RMB 2.21 trln
 
9M Net Income Attributable
 
RMB 38.99 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the oil & gas refining and marketing peer group is "buy"
Wall Street's median 12-month price target for China Petroleum and Chemical Corporation is CNY6.15, about 9.4% above its October 29 closing price of CNY5.62
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
Oct 28 - PetroChina's Q3 net profit up 21.6% on year
Oct 29 - Shell Q3 adjusted earnings beat on higher refining margins
Oct 29 - France's TotalEnergies Q3 adjusted net income rises on refining, LNG boost

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)