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Following the release of the annual report of Sinopec (600028.
Sinopec
On March 28, Sinopec released its 2020 annual performance report, stating that in accordance with International Financial Reporting Standards, its revenue last year was 2.
The announcement shows that Sinopec plans to distribute 15.
Under the severe damage of the new crown epidemic, international crude oil prices experienced a historic plunge last year and then rebounded in shock.
The net profit of the domestic "three barrels of oil" all dropped significantly, but the performance was still better than expected.
Last year, Sinopec's oil and gas equivalent production was 459.
In terms of different sectors, the marketing and distribution and chemical sectors have contributed better revenue to Sinopec.
The chemical sector realized operating income of approximately 10.
Last year, Sinopec made a number of new oil and gas discoveries in the Tarim Basin, Sichuan Basin, and Bohai Bay Basin.
Last year, Sinopec processed 237 million tons of crude oil, produced 142 million tons of refined oil, and 40.
In terms of scientific and technological research and development, Sinopec made new breakthroughs in shale oil and gas exploration theory and technology last year, and discovered the first atmospheric shale gas resource in China; completed the industrial test of fast-bed catalytic cracking technology to produce low-carbon olefins; developed 48K large filaments Bundled carbon fiber complete set of technology has filled the domestic gap.
Talking about the development situation this year, Sinopec said that it is expected that the demand for refined oil market will achieve a strong recovery this year, the demand for natural gas and petrochemical products will continue to grow, and international oil prices will be higher than last year.
Zhang Yuzhuo, Chairman of Sinopec, said that Sinopec will promote the formation of a "one base, two wings and three new" industrial structure and build a world-leading clean energy chemical company.
On the same day, Sinopec also issued a pre-profit announcement for the first quarter of 2021.
(Keyword: Sinopec)
