China Petroleum & Chemical (LSE:SNP) Accounts Payable & Accrued Expense : $59,235 Mil (As of Sep. 2023)

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What is China Petroleum & Chemical Accounts Payable & Accrued Expense?

China Petroleum & Chemical's quarterly accounts payable & accrued expense declined from Mar. 2023 ($58,059 Mil) to Jun. 2023 ($57,852 Mil) but then increased from Jun. 2023 ($57,852 Mil) to Sep. 2023 ($59,235 Mil).

China Petroleum & Chemical's annual accounts payable & accrued expense increased from Dec. 2020 ($53,156 Mil) to Dec. 2021 ($72,243 Mil) but then declined from Dec. 2021 ($72,243 Mil) to Dec. 2022 ($64,876 Mil).

China Petroleum & Chemical Accounts Payable & Accrued Expense Historical Data

The historical data trend for China Petroleum & Chemical's Accounts Payable & Accrued Expense 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 Accounts Payable & Accrued Expense Chart

China Petroleum & Chemical Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Payable & Accrued Expense

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53,111.99

50,103.08

53,155.84

72,242.95

64,875.86

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
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															67,164.47	64,875.86	58,058.89	57,851.68	59,234.57

China Petroleum & Chemical Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

China Petroleum & Chemical (LSE:SNP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Petroleum & Chemical Corp (LSE:SNP) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

SNPMF:USA 00386:Hong Kong 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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