China Petroleum & Chemical / Sinopec (386)

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China Petroleum & Chemical / Sinopec (386) Profile

China Petroleum & Chemical / Sinopec (386.xhkg) is a Chinese oil and gas enterprise headquartered in Beijing, the People’s Republic of China. Sinopec operations include oil and gas exploration, refining, production and sales of petrochemicals and other chemical products, storage and pipeline transportation of crude oil and natural gas, import and export. China Petroleum & Chemical has around 845,000 employees, over 31,000 stations in Mainland China and 76 countries and regions. China Petroleum & Chemical / Sinopec (386.xhkg) is listed on the Hong Kong Stock Exchange (SEHK), the Shanghai Stock Exchange (SSE), the New York Stock Exchange (NYSE), the London Stock Exchange (LSE), has a ¥497.82B (CNY) market cap as of October 2021, and ¥1,94T (CNY) in 2020 yearly revenues. Following President Xi’s suggestions on China’s energy supply security, Sinopec officially started operating its Zhongyuan Oilfield underground 10B cubic meters gas storage cluster, North China’s largest storage facility.

China Petroleum & Chemical / Sinopec (386.xhkg): Trade a Contract for Difference (CFD) on 386.xhkg and speculate on the share price difference of the underlying asset. CFD is a financial contract that allows you to trade on the underlying asset value (share price) without the need to purchase the actual stock . Investors are trading the difference in the value of security between the opening and closing of the trade. You can either hold a long position (Buy) or a short position (Sell). CFDs are considered short-term investments or trades, as CFDs tend to be used within shorter timeframes.

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China Petroleum & Chemical / Sinopec (386) Trading FAQ

Shares represent units of ownership within a company. Shares are also known as stocks or equities. Dividend payments are common with some companies, a method of sharing company profits with shareholders. In addition to traditional share dealing, however, traders can access derivatives: trading instruments derived from the movement of an underlying share price.

Individual stock CFDs (contract for differences) fall under the umbrella of derivative products, an effective low-cost trading vehicle. While CFDs do not grant shareholder privileges, active CFD positions may receive a dividend if executed before the ex-dividend date.

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