China Petroleum & Chemical Corporation (600028) Stock Price, Fundamentals & Analysis

What 600028 does

China Petroleum & Chemical Corporation (600028) is an energy and chemical company that operates across the oil and gas value chain in Mainland China. It explores and develops oil fields, produces and sells crude oil and natural gas, and processes, purifies, imports, and trades in crude oil. The company also manufactures, sells, stores, and trades petroleum products such as gasoline and diesel, and operates oil depots and service stations. In addition, it produces, markets, and distributes petrochemicals and derivative products, including basic organic chemicals, synthetic resins, synthetic fiber monomers and polymers, synthetic fibers, synthetic rubber, and chemical fertilizers.

Key numbers explained

• The current price is 5.32 CNY, reflecting the latest trading value on the Shanghai Stock Exchange stocks.
• The trailing P/E ratio of 18.3 shows how much investors pay per unit of past earnings; a lower figure can suggest a more conservative valuation relative to earnings.
• The forward P/E ratio of 14.6 uses expected future earnings, offering a view of valuation based on analyst estimates.
• The dividend yield of 3.95% indicates the annual dividend as a percentage of the current price, representing the cash return shareholders receive.
• The ex-dividend date is 30 sept. 2026; buying before this date is typically required to receive the upcoming dividend.
• The company pays out 68% of its earnings as dividends, showing the proportion of profit returned to shareholders.
• The beta of 0.7 suggests the stock tends to be less volatile than the broader market.
• The price-to-book ratio of 0.76 compares the market price to the company's book value per share.

What to watch

• Commodity price cycles, as the company's revenue and margins are closely tied to crude oil and natural gas prices.
• Refining margins and seasonal demand patterns for gasoline and diesel in Mainland China.
• Regulatory and policy changes in the energy and chemical sectors that can affect operations and investment decisions.
• The company's position among peers such as PetroChina (601857), China Shenhua Energy (601088), and CNOOC Limited (600938) within the broader Shanghai Stock Exchange stocks landscape.