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China Petroleum & Chemical Corporation Q1-Q3 2006 Results Announcement

China Petroleum & Chemical Corporation Q1-Q3 2006 Results Announcement. October 31, 2006 Beijing. Market Environment in Q1-Q3. 前三季度的市场环境. China’s economy maintained rapid growth with GDP up 10.7% in Q1-Q3 Domestic demand for refined oil products and chemical products maintained growth

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China Petroleum & Chemical Corporation Q1-Q3 2006 Results Announcement

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  1. China Petroleum & Chemical CorporationQ1-Q3 2006 Results Announcement October 31, 2006 Beijing

  2. Market Environment in Q1-Q3 前三季度的市场环境 • China’s economy maintained rapid growth with GDP up 10.7% in Q1-Q3 • Domestic demand for refined oil products and chemical products maintained growth • International crude oil price experienced a record high, then decreased dramatically • Price control on refined oil products remains in effect, chemicals prices keep high

  3. Profit Growth

  4. Financial Position

  5. E&P – Operational Summary Note: 1 tonne = 7.1 barrels，1 cubic meter = 35.31 cubic feet

  6. Refining- Operational Summary

  7. Refining - Segment Performance Refining Margin / Cash Operating Cost EBIT of Refining Segment Refining Margin (RMB/tonne) Cash Operating Cost (RMB/tonne) RMB million

  8. Marketing – Operational Summary

  9. Marketing - Segment Performance RON #90 Gasoline Guidance Price EBIT of Marketing Segment RMB/Tonne RMB million #0 Diesel Guidance Price RMB/Tonne

  10. Chemicals — Operational Summary Note: 100% production from YPC-BASF and Shanghai-Secco was included.

  11. Chemicals - Segment Performance EBIT of Chemicals Segment Chemicals Price Spread (1990 - Sep. 2006) RMB million USD/tonne

  12. Capital Expenditure • Exploration and Production: RMB 18.081 billion. Newly built production capacity of crude oil and natural gas was 4.13 million tonnes per year and 1.287 billion cubic meters per year respectively • Refining: RMB 7.098 billion. Construction of the Yizheng-Changling crude oil pipeline completed; the refinery revamping projects in Guangzhou, Yanshan and Qingdao progressed smoothly • Marketing : RMB 8.51 billion. Construction and acquisition of gas stations in key areas continued with 542 newly added stations • Chemicals: RMB 9.328 billion. Maoming ethylene expansion project, ethylene projects of Fujian and Tianjin as well as other projects were proceeding on schedule. • Corporate & Others – RMB 1.622 billion Q1-Q3 2006 Capex: RMB 44.639 bn RMB, million

  13. For Further Information http://www.sinopec.com Media Relations Tel: (8610) 64990092 Fax: (8610) 64990093 Email: media@sinopec.com Investor Relations Beijing: Tel: (8610) 64990060 Fax: (8610) 64990022 Email: ir@sinopec.com Hong Kong: Tel: (852) 28242638Fax: (852) 28243669 Email: ir@sinopechk.com New York: Tel: (212) 759 5085 Fax: (212) 759 6882 Email: fangzq@sinopecusa.com

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