China Petroleum & Chemical Corp (SNPMF) Stock Drops 8.37% on OTC Market

Dec 10, 2024

China Petroleum & Chemical Corp (SNPMF, Financial) experienced a significant stock decline of 8.37% on the OTC market. The stock is currently priced at $0.518, with a trading volume of 4,666 shares. The company reported a revenue of $100.839 billion and a net profit of $1.192 billion, resulting in an earnings per share of $0.01 and a price-to-earnings ratio of 7.46.

No institutional ratings are available for the stock. The oil and gas industry, where SNPMF operates, saw an overall increase of 0.60%. Other active stocks in the sector include Crescent Energy Company and Sky Quarry Inc.

China Petroleum & Chemical Corp, known as Sinopec, is a leading state-owned oil company in China, focusing on refining and petrochemical products. It operates over 30,000 gas stations and processed 25,752 tons of crude oil in 2023.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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