1 / 14

China Petroleum & Chemical Corporation Q1 2010 Results Announcement

China Petroleum & Chemical Corporation Q1 2010 Results Announcement. 29 April 2010. Disclaimer.

xantha-cleveland
Download Presentation

China Petroleum & Chemical Corporation Q1 2010 Results Announcement

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. China Petroleum & Chemical CorporationQ1 2010 Results Announcement 29 April 2010

  2. Disclaimer As required by the CSRC, financial statements of the first quarter of Sinopec Corp. (the “Company”) were prepared under China Accounting Standards for Business Enterprises. The Company has adjusted part of the financial data in accordance with the International Financial Reporting Standards hereby for the reference of international investors. Financial data of the first quarter contained in the presentation and presentation materials are unaudited. This presentation and the presentation materials distributed herein include forward-looking statements. All statements, other than statements of historical facts, that address activities, events or developments that Sinopec Corp. expects or anticipates will or may occur in the future (including but not limited to projections, targets, estimates and business plans) are forward-looking statements. Sinopec Corp.'s actual results or developments may differ materially from those indicated by these forward-looking statements as a result of various factors and uncertainties, including but not limited to price fluctuations, actual demand, exchange rate fluctuations, exploration and development outcomes, estimates of proven reserves, competition, environmental risks, changes in legal, financial and regulatory frameworks, international economic and financial market conditions, political risks, project delay, project approval, cost estimates and other risks and factors beyond our control. In addition, Sinopec Corp. makes the forward-looking statements referred to herein as of today and undertakes no obligation to update these statements.

  3. Market Environment in Q1 2010 • China’s GDP grew by 11.9% in the first quarter • Crude oil traded within a narrow range, but the trend was positive • Domestic demand for natural gas, oil products and chemical products increased steadily

  4. Financial Performance EBIT of Each Segment RMB million

  5. Financial Position

  6. E&P—Operational Summary & Performance Note: 1 tonne=7.1 barrels, 1 cubic meter=35.31 cubic feet

  7. Refining—Operational Summary

  8. Refining—Performance Refining Margin / Cash Operating Cost EBIT of Refining Segment Refining margin RMB/tonne Cash operating cost RMB/tonne RMB million

  9. Marketing—Operational Summary

  10. Marketing—Performance Maximum retail price of RON 90# gasoline and 0# diesel EBIT of Marketing Segment RMB million RMB/tonne USD/bbl

  11. Chemicals—Operational Summary Note: The above data includes 100% production of JVs.

  12. Chemicals—Performance Chemicals Price Spread EBIT of Chemicals Segment USD/tonne RMB million

  13. Capital Expenditure Total Capex in Q1: 16.8bn • E&P • Sichuan-East China Gas Project, Shengli, Northwest and Southwest Oil Fields as well as pipeline construction. • Refining • Revamping crude adaptability; Construction of new storage facilities and pipelines. • Chemicals • Construction of major Ethylene projects. • Marketing • Accelerated construction of pipelines and newly developed 337 service stations in key areas RMB billion

  14. For Further Information http://www.sinopec.com Investor Inquiries Beijing: Tel: (8610) 59960028 Fax: (8610) 59960386 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 Inquires Tel: (8610)59960028 Fax: (8610) 59960386 Email: media@sinopec.com

More Related