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22 Pages

Sinopec Group corporate - reported results analysis


Sinopec Group corporate - reported results analysis

Report summary

Sinopec's Q1 earnings jumped 157% year-on-year due to strong refining and chemicals margins and reduced upstream losses. Further business repositioning was also a theme. Sinopec Corp will spend US$1.68 billion to increase its petrochemicals portfolio through an acquisition from BP while there are also plans to sell 10% of the marketing business through an overseas IPO. With finances in good shape, addressing an increasingly mature upstream oil business could be the next strategic objective.

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Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Reported Results Analysis report provides rapid response analysis on company quarterly results and strategy presentations. Use it to gain the upper hand with Wood Mackenzie's opinion on the latest corporate developments.

Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.

Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.

  • Q2 2017
    • Our takeaways
    • Overview
  • Q1 2017
    • Our takeaways
  • Q4 2016
    • Overview
    • Strategy/Investment
    • Operational performance
    • Other business
    • Financial performance
    • M&A/Business Development
  • Q3 2016
    • Strategy/Investment
    • Operational performance
    • Other business
    • Financial performance
  • Q2 2016
    • Overview
    • Strategy/Investment
    • Operational performance
    • Other business
    • Financial performance
  • Q1 2016
    • Overview
    • Strategy/Investment
    • Operational performance
    • Other business
    • Financial performance
  • Q4 2015
    • Overview
    • Strategy/Investment
    • Operational performance
    • Other business
    • Financial performance
    • M&A Business Development
  • Q3 2015
    • Overview
    • Strategy/Investment
    • Operational performance
    • Other business
    • Financial performance
    • M&A/Business Development
  • Q2 2015
    • Overview
    • Strategy/Investment
    • Operational performance
    • Other business
    • Financial performance
    • M&A/Business development
  • Q1 2015
    • Overview
    • Strategy/Investment
    • Operational performance
    • Other business
    • Financial performance
  • Q4 2014
    • Overview
    • Strategy/Investment
    • Operational performance
    • Other business
    • Financial performance
    • M&A Business Development
  • Q3 2014
    • Overview
    • Operational performance
    • Other business
    • Financial performance
  • Q2 2014
    • Overview
    • Strategy/Investment
    • Operational performance
    • Other business
    • Financial performance
    • M&A/business development
  • Q1 2014
    • Overview
    • Strategy / Investment
    • Operational Performance
    • Other business
    • Financial Performance
    • M&A / business development
  • Q4 2013
    • Overview
    • Strategy/Investment
    • Operational Performance
    • Other Business
    • Financial Performance
    • M&A/Business Development
  • Q3 2013
    • Overview
    • Strategy/Investment
    • Operational performance
    • Other business
    • Financial performance
    • M&A/business development
  • Q2 2013
    • Overview
    • Strategy/Investment
    • Operational performance
    • Other business
    • Financial performance
    • M&A/business development
  • Q1 2013
    • Overview
    • Strategy/Investment
    • Operational performance
    • Other business
    • Financial performance
    • M&A/business development
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