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Sinopec Oilfield Service (SHSE:600871) Construction In Progress : ¥620 Mil (As of Mar. 2024)


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What is Sinopec Oilfield Service Construction In Progress?

Sinopec Oilfield Service's quarterly construction in progress increased from Sep. 2023 (¥437 Mil) to Dec. 2023 (¥696 Mil) but then declined from Dec. 2023 (¥696 Mil) to Mar. 2024 (¥620 Mil).

Sinopec Oilfield Service's annual construction in progress declined from Dec. 2021 (¥668 Mil) to Dec. 2022 (¥467 Mil) but then increased from Dec. 2022 (¥467 Mil) to Dec. 2023 (¥696 Mil).

Sinopec Oilfield Service Construction In Progress Historical Data

The historical data trend for Sinopec Oilfield Service'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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Sinopec Oilfield Service Construction In Progress Chart

Sinopec Oilfield Service Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 213.82 284.29 668.36 467.39 695.61

Sinopec Oilfield Service Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 480.88 466.81 436.62 695.61 619.78

Sinopec Oilfield Service 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.

Sinopec Oilfield Service (SHSE:600871) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sinopec Oilfield Service Corp (SHSE:600871) » Definitions » Construction In Progress
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SZSE:002828 ADX:ADNOCDRILL NE SAU:2382 RIG PTEN HP SAU:2381 SDRL OSL:BORR DO OSL:ODL TSX:PD NBR STC:PVD SOC XKLS:5243 OSL:SHLF TSX:ESI TSX:PHX
Traded in Other Exchanges
YZCFF:USA 01033:Hong Kong YIZH:Germany
Address
No. 9 Jishikou Road, Changyang District, Beijing, CHN, 100728
Website
https://ssc.sinopec.com
Sinopec Oilfield Service Corp engages in the provision of onshore and offshore oil and natural gas, exploration, provision of contracting, design, and construction services for the oil and gas projects. It operates through five segments: Geophysics, which provides technical and development, exploration geophysical services; Drilling engineering segment, which provides drilling design, and construction, technical services; Logging and mud logging segment; Special downhole segment, which provides oil engineering technical and construction services; and Engineering construction segment, which provides a package of services, including feasibility studies, procurement, and others. Its geographical segments are, The PRC, Middle East and Other countries.

Sinopec Oilfield Service (SHSE:600871) Headlines

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