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Express News | A-Share private placement overview: 4 companies disclose private placement progress.
Express News | Fuling shale gas field has surpassed 70 billion cubic meters in cumulative production. Currently, the daily gas production exceeds 20 million cubic meters.
Sinopec Corp spent 34.9652 million Hong Kong dollars to repurchase 7.97 million shares on November 8th.
Sinopec Corp (00386.HK) announced that on November 8, 2024, it spent 34.9652 million Hong Kong dollars to repurchase 7.97 million shares at a repurchase price of 4.36-4.42 Hong Kong dollars per share. On the same day, it repurchased 7.1 million A shares for 45.1445 million yuan.
Energy giants publicly 'pessimistic': the crude oil industry will eventually decline, transitioning to the metal market.
Many energy trading giants are turning their attention to the metal sector......
Research Reports Digging | Huaxin Securities: China Petroleum & Chemical Corporation's chemical sector is expected to turn losses into profits, with a "buy" rating.
Gelonghui Nov. 8th | Huaxin Securities research report pointed out that the downward trend in oil prices combined with the decline in the gross margin of petrochemical products has led to pressure on the performance of China Petroleum & Chemical Corporation (600028.SH). In Q3 2024, the company's net income attributable to shareholders decreased by 9.311 billion yuan year-on-year, with a decrease of more than 50%, due to the impact of lower oil prices. The gross margin of the company's petroleum and petrochemical products has also decreased, putting pressure on the company's Q3 performance. However, thanks to the company's measures such as diversifying raw materials, arranging negative marginal benefit devices to reduce load, operational shutdowns, and expanding overseas markets, the company's chemical sector achieved full production and sales this year, with a pre-tax loss of 4.787 billion yuan for the sector.
BMI Predicts Decline In Oil Prices, Citing OPEC+ And US Election
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