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#Saudi Aramco's Dividend Math Doesn't Add Up Considering Oil Price - Bloomberg

Saudi Aramco's Dividend Math Doesn't Add Up Considering Oil Price - Bloomberg:It’s the mother of all payouts.The $75 billion that Saudi Aramco doles out in dividends every year dwarfs what any other listed company gives to shareholders. It’s roughly equivalent to the payouts from Exxon Mobil Corp., Royal Dutch Shell Plc, Chevron Corp., BP Plc, Total SA, PetroChina Co., Eni SpA, Petroleo Brasiliero SA and China Petroleum & Chemical Corp. or Sinopec — put together.That makes Chief Executive Office...
Tags: Travel, Sinopec, Saudi Aramco, China Petroleum Chemical Corp, Rupert Neil Bumfrey, Amin Nasser


Even China’s Big Oil Is Cutting Back

(Bloomberg Opinion) -- Under the watchful eye of Beijing’s energy hawks, China’s oil and gas majors have splurged for more than a decade, first on deals abroad and then drilling at home. Yet with crude prices at less than half where they were at the start of the year and demand battered by a coronavirus epidemic, they’re preparing to cut back.Cnooc Ltd. signaled Wednesday it might reduce its 2020 capital expenditure budget, which was set at as much as $13 billion, the highest since 2014. PetroCh...
Tags: News, Washington, China, Russia, Bloomberg, Beijing, Canada, Xi Jinping, Italy, Bloomberg LP, Sinopec, Sichuan, Reuters, South China Sea, Saudi Aramco, CNOOC


Sinopec reports best quarter in years after oil prices rebound

China Petroleum & Chemical Corp, the country's largest refiner, reported its best quarterly profit in years on strong upstream and refining business, and said it expects higher fuel sales in the second half.
Tags: Money, businessNews, Sinopec, China Petroleum Chemical Corp


Sinopec forecasts second-half fuel sales drop after surge in H1 profit

China Petroleum & Chemical Corp, the country's largest refiner, said on Sunday that it expects fuel sales to drop and processing rates for crude to stay flat in the second half of 2018, amid an oversupply of refined fuels.
Tags: Money, businessNews, Sinopec, China Petroleum Chemical Corp


Sinopec's first-half 2018 profit rises 53.6 percent on higher fuel margins, gas output

China Petroleum & Chemical Corp, the country's largest refiner, reported on Sunday that net income in the first half of 2018 rose 53.6 percent from a year ago, beating a company forecast of 50 percent profit growth as the upstream and refining sectors delivered strong results.
Tags: Money, businessNews, Sinopec, China Petroleum Chemical Corp


China's Sinopec mulls retail unit IPO to raise up to $10 billion - Bloomberg

REUTERS - Oil refiner China Petroleum & Chemical Corp, also known as Sinopec, is considering an initial public offering of its retail business next year in Hong Kong that could raise as much as $10 billion, Bloomberg reported on Tuesday.
Tags: Hong Kong, Money, China, Bloomberg, businessNews, Sinopec, China Petroleum Chemical Corp


Saudi Aramco Leads Surge in Gulf Energy Loans After Oil’s Plunge - Bloomberg

:"Saudi Arabian Oil Co. is leading an upsurge in borrowing by energy companies in the Middle East as they turn to banks and investors for cash after a slide in crude prices eroded their ability to pay for exploration and production.Energy producers in the six-nation Gulf Cooperation Council more than doubled their borrowings in the second quarter from a year earlier to $8.9 billion, the most in 15 months, data compiled by Bloomberg show. Yanbu Aramco Sinopec Refining, a joint venture between Sau...
Tags: Travel, Bloomberg, Middle East, Aramco, Gulf Cooperation Council, China Petroleum Chemical Corp, Saudi Arabian Oil Co, Rupert Neil Bumfrey, Kuwait National Petroleum Co


's M&A Chatter for Monday December 21, 2015

The Rumor : China Petroleum & Chemical Corp , or SinoPec, is considering a bid for Anadarko Petroleum Corporation , according to a source familiar with the matter, as reported by Benzinga on Monday. HSBC will be financing the deal, the source said.
Tags: Hsbc, Sinopec, Benzinga, Anadarko Petroleum Corporation, China Petroleum Chemical Corp