By Jason Chau
China Petroleum & Chemical Corp. is scheduled to report full-year results on Friday. Here is what you need to know:
NET PROFIT : The Chinese energy giant, also known as Sinopec, is expected to post net income of 38.15 billion yuan, equivalent to $5.55 billion, according to the consensus estimate of 13 analysts polled by LSEG. That would be lower than the 50.31 billion yuan it recorded in 2024.
REVENUE: Annual revenue is projected to hit 3.071 trillion yuan, according to LSEG, roughly flat from 3.075 trillion yuan in 2024.
Hong Kong-listed shares of Sinopec rose nearly 5% in 2025, underperforming the benchmark Hang Seng Index's 28% climb. The stock was up about 17% this year through February before nearly wiping out the gains after the Middle East conflict began.
WHAT TO WATCH:
--OIL-SUPPLY DISRUPTION: Brent crude has surged since the war in Iran started, with the effective closure of the Strait of Hormuz pushing prices to around $110 a barrel. Oil is likely to remain highly volatile as supply disruptions and infrastructure damage intensify, Phillip Nova senior market analyst Priyanka Sachdeva said in a note. Oil supply from the Gulf countries seems to be at Iran's discretion and will continue to be a wild card to watch, she wrote.
--DOWNSTREAM SEGMENT DEMAND: Sinopec's management remains cautious on its chemicals segment and doesn't expect a recovery in the immediate term, Morningstar director Chokwai Lee said in a note. Demand for higher value-added refined products is likely to show resilient long-term growth, with the chemicals division expected to return to profitability by 2027, he said.
Write to Jason Chau at jason.chau@wsj.com
(END) Dow Jones Newswires
March 19, 2026 07:45 ET (11:45 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
