Company TransformationSinopec is actively transforming into a greener, integrated energy service provider, which includes refined oil products, natural gas, hydrogen, EV charging & battery swapping, as well as renewables.
Dividend YieldAnalyst maintains a BUY recommendation for Sinopec due to its attractive dividend yield of 7% and potential for downstream recovery.
Resilience In Oil MarketRelatively more resilient in moderate oil price environment, Sinopec's sweet spot oil price is around USD60-80/bbl, which is above its upstream breakeven cost of approximately USD45-50/bbl, yet not too high that it erodes refinery margins.