China Petroleum & Chemical Corp Class A
600028: XSHG (CHN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| M! | LOCK|GC | LOCK|J?xt!b! |
We Lift Our Midcycle Oil Price by $5 to $65 Brent; Raising FVEs Across China Energy Coverage
We've updated our midcycle oil price assumption. Our 10-year forecast marries our bullish in-house oil demand view with Rystad's supply projections, which aligns with our revised, long-term take.
