China Petroleum & Chemical (HKSE:00386) Construction In Progress : HK$240,724 Mil (As of Sep. 2023)

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What is China Petroleum & Chemical Construction In Progress?

China Petroleum & Chemical's quarterly construction in progress increased from Mar. 2023 (HK$220,783 Mil) to Jun. 2023 (HK$243,345 Mil) but then declined from Jun. 2023 (HK$243,345 Mil) to Sep. 2023 (HK$240,724 Mil).

China Petroleum & Chemical's annual construction in progress increased from Dec. 2020 (HK$155,749 Mil) to Dec. 2021 (HK$200,089 Mil) and increased from Dec. 2021 (HK$200,089 Mil) to Dec. 2022 (HK$227,307 Mil).

China Petroleum & Chemical Construction In Progress Historical Data

The historical data trend for China Petroleum & Chemical's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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China Petroleum & Chemical Construction In Progress Chart

China Petroleum & Chemical Annual Data

Trend

Dec13

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Dec22

Construction In Progress

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161,830.24

197,844.86

155,749.26

200,088.99

227,307.28

China Petroleum & Chemical Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Construction In Progress	Get a 7-Day Free Trial															201,269.82	227,307.28	220,782.77	243,345.39	240,723.77

China Petroleum & Chemical Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

China Petroleum & Chemical (HKSE:00386) Business Description

Industry

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SNPMF:USA CHU:Germany 600028:China

Address

No. 22 Chaoyangmen North Street, Chaoyang District, Beijing, CHN, 100728

Website

http://www.sinopec.com

China Petroleum & Chemical, or Sinopec, is one of China's national oil companies and one of Asian's largest integrated oil companies in terms of revenue. Its income is derived primarily from refining and marketing of oil products and petrochemical production. Sinopec has China's largest petrol station network with over 30,000 stations and enjoys significant market share in petrochemicals. Established in 2000 by China Petrochemical Corporation, a state-owned enterprise and majority shareholder, the company also owns oil and gas assets in Shandong and Sichuan provinces. It has a smaller global upstream presence than peers PetroChina and CNOOC. In 2022, Sinopec's production of oil and gas equivalent was 488.99 million barrels. The firm also processed 242 million metric tons of crude oil.

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