China Petroleum & Chemical / Sinopec (386)

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.

Holding cost
Largos
-5%
Cortos
-2.5%
Trading hours in US Eastern Time
Fri
04:00 - 07:00
08:00 - 11:00
Mon
04:00 - 07:00
08:00 - 11:00
Tue
04:00 - 07:00
08:00 - 11:00
Wed
04:00 - 07:00
08:00 - 11:00
Thu
04:00 - 07:00
08:00 - 11:00
Sun
Cierra
Sat
Cierra

Start Trading China Petroleum & Chemical / Sinopec (386)
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Share CFD Trading FAQ

Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as acciones, commodities, y foreign exchange, y índices.

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