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sinopec oilfield service c-a (600871) Details

Sinopec Oilfield Service Corporation provides petroleum engineering and technical services in the People’s Republic of China and internationally. The company operates in five segments: Geophysics, Drilling Engineering, Logging and Mud Logging, Special Down-Hole Operations, and Engineering Construction. The Geophysics segment offers terrestrial and marine geophysical exploration, development, and technical services. The Drilling Engineering segment provides land and ocean drilling design, construction, and technical services, as well as drilling instrumentation. The Logging and Mud Logging segment offers land and ocean project contracting and technical services for collection, monitoring, transmission, processing and interpretation, and evaluation of wellbore oil and gas, geology, and engineering information. The Special Down-Hole Operations segment provides oil engineering technical and construction services, including oil testing, well repair, and lateral drilling, as well as fracturing, acidizing, and oil assignments. The Engineering Construction segment offers various services, such as feasibility studies, design, procurement, and construction for projects of onshore and offshore oil and gas fields, long-distance pipeline projects, oil and gas transporting process projects, storage and transportation projects, petrochemical supporting projects, building construction, water resources and hydropower, ports and waterways, electricity transmission and distribution projects, manufacturing of pressure vessels, LNG projects, coal chemical engineering, geothermal utilization, energy saving, and municipal roads and bridges. The company was formerly known as Sinopec Yizheng Chemical Fibre Company Limited and changed its name to Sinopec Oilfield Service Corporation in March 2015. The company is headquartered in Beijing, the People’s Republic of China. Sinopec Oilfield Service Corporation is a subsidiary of China Petrochemical Corporation.

sinopec oilfield service c-a (600871) Top Compensated Officers

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Executives, Board Directors

sinopec oilfield service c-a
Sinopec Oilfield Service Corporation Provides Earnings Guidance for the First Half Year of 2018

Sinopec Oilfield Service Corporation provided earnings guidance for the first half year of 2018. For the period the board of directors of the company announced that based on a preliminary assessment, the operational results in the first half year of 2018 will be profitable, with net profit attributable to equity shareholders of the company of approximately RMB 400 million, and net profit attributable to equity shareholders of the company after deducting non-recurring profit and loss approximately RMB 500,000.

Sinopec Oilfield Service Corporation, Board Meeting, Jun 22, 2018

Sinopec Oilfield Service Corporation, Board Meeting, Jun 22, 2018. Agenda: To discuss and approve the proposal of increasing registered capital in Wholly-owned Subsidiary Sinopec Oilfield Service Corporation.

Sinopec Oilfield Service Corporation Announces Change of Directors

The Board of directors of Sinopec Oilfield Service Corporation announced that the AGM was held on 20 June 2018 elected Mr. Wei Ran, Mr. Chen Weidong and Mr. Dong Xiucheng as the directors of the Company (the "Directors"), among which Mr. Chen Weidong and Mr. Dong Xiucheng were elected as the independent non-executive directors of the Company. The resignation of Mr. Zhang Huaqiao will take effect on 20 June 2018.

 

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Valuation 600871 Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.5x
Price/Book 4.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.1x
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