Sinopec Publishes 2024 Operating Results, Hits 75 Percent Profit Distribution Rate

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[{"type":"text","content":"BEIJING, April 1, 2025 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") officially disclosed the Company's operating revenue in accordance with International Financial Reporting Standards (IFRS) on March 23, hitting 3.07 trillion yuan (USD 422.739 billion) with profit attributable to shareholders amounting to 48.94 billion yuan (USD 6.74 billion) and earnings per share reaching 0.404 yuan.","length":449,"tagName":"p"},{"type":"image","alt":"Sinopec's strategic development of the Hai 301 well in the Haizhong Sag of the Beibu Gulf Basin has led to significant oil and gas production, with the well producing 1,108 cubic meters and 167 cubic meters of oil equivalent per day from two separate formations. (PRNewsfoto/SINOPEC)","displaySize":"","headline":null,"caption":"Sinopec's strategic development of the Hai 301 well in the Haizhong Sag of the Beibu Gulf Basin has led to significant oil and gas production, with the well producing 1,108 cubic meters and 167 cubic meters of oil equivalent per day from two separate formations. (PRNewsfoto/SINOPEC)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":300,"url":"https://media.zenfs.com/en/prnewswire.com/4c5c8ffdd629602e7fe949ac1236c0da"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/1lx1Ho10fy8AH8l2PiecDQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTUyOTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/4c5c8ffdd629602e7fe949ac1236c0da","width":400,"height":300}},"href":"https://mma.prnewswire.com/media/2654940/Sinopec_s_strategic_development_Hai_301_Haizhong_Sag_Beibu_Gulf_Basin.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Sinopec stresses shareholder returns and has implemented a return-oriented action plan with enhanced quality and efficiency, a dividend return plan for shareholders in the next three years, and its first-ever market value management strategy. It is expected that a cash dividend of 0.286 yuan per share (including tax) will be paid for the whole year of 2024, which, when combined with the repurchase amount, will result in an annual payout ratio of 75 percent.","length":461,"tagName":"p"},{"type":"text","content":"In 2024, Sinopec reported record highs in terms of oil and gas equivalent production, crude oil processing volume, kerosene production, and dom...

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