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China Petroleum & Chemical Corporation Q1-Q3 2005 Results Announcement

China Petroleum & Chemical Corporation Q1-Q3 2005 Results Announcement. 28 October 2005. Market Environment in Q1-Q3. China’s economy maintained steady growth with GDP up 9.4% in Q3 Domestic demand for refined oil products and chemical products maintained growth

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China Petroleum & Chemical Corporation Q1-Q3 2005 Results Announcement

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  1. China Petroleum & Chemical CorporationQ1-Q3 2005 Results Announcement 28 October 2005

  2. Market Environment in Q1-Q3 • China’s economy maintained steady growth with GDP up 9.4% in Q3 • Domestic demand for refined oil products and chemical products maintained growth • Crude oil price experienced a record high • Price control on refined oil products remained in effect • Prices of petrochemical products stayed at high level

  3. Operating Results EBIT by Segment Q1-Q3 ‘05 Q1-Q3 ‘04 Change % (RMB million）

  4. Financial Highlights As of 30 Sep. 2005 As of 31 Dec. 2004 Q1-Q3 ‘05

  5. E & P Operating Summary Q1-Q3 ‘04 Change % Q1-Q3 ‘05 Note: 1 tonne = 7.1 barrel ，1 cubic meter = 35.31 cubic feet Prices for Q1-Q3 2004 were converted at USD 1=RMB 8.28, while for Q1-Q3 2005 were at weighted average rate.

  6. Refining Operating Summary Q1-Q3 ‘04 Change % Q1-Q3 ‘05

  7. Refining Segment Performance Refining Margin/ Cash Operating Cost Refining Segment EBIT (RMB million) (USD/bbl) (USD/bbl)

  8. Marketing Operating Summary Q1-Q3 ‘04 Change % Q1-Q3 ‘05

  9. Marketing Segment Performance RON #90 Gasoline Guidance Price EBIT of Marketing Segment RMB/Tonne (RMB million) #0 Diesel Guidance Price RMB/Tonne

  10. Chemicals Operating Summary Q1-Q3 ‘04 Change % Q1-Q3 ‘05

  11. Chemicals Segment Performance EBIT of Chemicals Segment Chemicals Price Spread (1990 - Oct. 2005) RMB million USD/tonne

  12. Capital Expenditure • E & P – RMB 15.013 bn, newly added crude production capacity of 2.98 million tonnes/year and gas production capacity of 570 million cubic meters/year • Refining – RMB 6.839 bn upgrading capacity expansion projects were on schedule some of which already in operation • Marketing – RMB 9.182 bn, construction of oil pipeline in south-western China is close to completion, newly added 742 self-owned stations • Chemicals – RMB 4.777 bn, revamping projects incl. Maoming ethylene progressing smoothly • Corporate & Others – RMB 0.672 bn Q1-Q3 2005 Capex Breakdown Q1-Q3 2005 Capex: RMB36.483 bn In addition, RMB 2.313 bn invested in Shanghai-Secco, BASF-YPC and other JV projects

  13. For Further Information http://www.sinopec.com Investor Relations Beijing: Tel: (8610) 64990060 Fax: (8610) 64990489 Email: ir@sinopec.com Hong Kong: Tel: (852) 28242638Fax: (852) 28243669 Email: ir@sinopechk.com New York: Tel: (212) 759 5085 Fax: (212) 759 6882 Email: fangzq@sinopecusa.com Media Relations Tel: (8610) 64990092 Fax: (8610) 64990093 Email: media@sinopec.com

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