China Petroleum & Chemical Corp Class A

600028: XSHG (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Sinopec Earnings: Inventory Gains Drive Strong Results; H‑Shares Undervalued

Chokwai Lee

Apr 29, 2026

Sinopec’s first‑quarter net profit rose 27% year on year, mainly driven by inventory gains from higher oil prices and improved margins of refining by‑products such as sulfur and petroleum coke.

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China Petroleum & Chemical Corp Class A

Sinopec Earnings: Inventory Gains Drive Strong Results; H‑Shares Undervalued

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