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Sinopec Oilfield Service Corp (600871.SS)

600871.SS on Shanghai Stock Exchange

1.94CNY
23 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Sinopec Oilfield Service Sees 9-Month Net Profit At 440 Million Yuan
Thursday, 11 Oct 2018 04:23am EDT 

Oct 11 (Reuters) - Sinopec Oilfield Service Corp <600871.SS>1033.HK::SAYS IT SEES 9-MONTH NET PROFIT AT 440 MILLION YUAN VERSUS NET LOSS OF 3.3 BILLION YUAN ($476.27 million) YEAR EARLIER.  Full Article

Sinopec Oilfield Service Corp Updates On Proposed Judicial Reorganisation By Brazil Unit
Monday, 3 Sep 2018 05:27am EDT 

Sept 3 (Reuters) - Sinopec Oilfield Service Corp <600871.SS>::NOTIFIED BY SINOPEC (BRAZIL) CO THAT BRAZILIAN COURT APPROVED JUDICIAL REORGANIZATION PROCEDURES.PAYMENTS LIKE LEGAL FEES TO BE ABOUT RMB 370 MILLION & TO HAVE SUBSTANTIAL IMPACT ON CO'S ANNUAL PROFIT IN 2018 OR YEAR ONWARDS.IF REORGANIZATION PLAN IS NOT APPROVED BY CREDITORS , BRAZIL SUBSIDIARY WILL ENTER BANKRUPTCY & LIQUIDATION PROCEDURE.  Full Article

Sinopec Oilfield Service Says Q1 Net Profit Attributable RMB30.1 Million
Wednesday, 25 Apr 2018 05:59am EDT 

April 25 (Reuters) - Sinopec Oilfield Service Corp <600871.SS>::Q1 NET PROFIT ATTRIBUTABLE RMB30.1 MILLION VERSUS LOSS OF RMB1.35 BILLION A YEAR AGO.Q1 TOTAL OPERATING INCOME RMB 10.27 BILLION VERSUS RMB 8.82 BILLION A YEAR AGO.  Full Article

Sinopec Oilfield Service says no dividend payment for 2017
Wednesday, 28 Mar 2018 02:17am EDT 

March 28(Reuters) - Sinopec Oilfield Service Corp <600871.SS>:Says no dividend payment for 2017.  Full Article

Sinopec Oilfield Service Corp Sees Q1 To Be Profitable​
Tuesday, 27 Mar 2018 07:02am EDT 

March 27 (Reuters) - Sinopec Oilfield Service Corp <600871.SS>::‍Q1 OF 2018 WILL BE PROFITABLE, WITH NET PROFIT ATTRIBUTABLE OF RMB 30 MILLION​.  Full Article

Sinopec Oilfield Service Says Unit Won Bid Of Construction Projects For RMB1.23 Bln
Thursday, 22 Mar 2018 04:47am EDT 

March 22 (Reuters) - Sinopec Oilfield Service Corp <600871.SS>::UNIT WON BID FOR SIX SECTIONS OF PROJECT FOR CONSTRUCTION OF GAS PIPELINE, WITH A CONSTRUCTION PERIOD OF 18 MONTHS.‍BID PRICE AMOUNTED TO APPROXIMATELY RMB 1,227 MILLION​.  Full Article

Sinopec Oilfield Service's A-Shares Face Risks Of Delisting Warning
Friday, 9 Mar 2018 02:51am EST 

March 9 (Reuters) - Sinopec Oilfield Service Corp <600871.SS>1033.HK::SAYS ITS A-SHARES FACE RISKS OF IMPLEMENTING DELISTING WARNING AS IT SETS FOR NET LOSSES FOR SECOND YEAR IN A ROW.  Full Article

SA's ‍Competition Tribunal Conditionally Approves Merger of Sinopec Corp And Chevron South Africa​
Friday, 9 Mar 2018 02:39am EST 

March 9 (Reuters) - SA'S ‍COMPETITION TRIBUNAL - :SA'S ‍COMPETITION TRIBUNAL - APPROVED MERGER INVOLVING CHINA'S LARGEST PETROLEUM REFINERY OWNER, HONG KONG BASED SINOPEC CORP AND CHEVRON SOUTH AFRICA​.SA'S COMPETITION TRIBUNAL - SINOPEC MERGER WITH CHEVRON SA​ IS SUBJECT TO CERTAIN CONTRACTUAL PROVISIONS.SA'S COMPETITION TRIBUNAL - ‍ ONE OF CONTRACTUAL PROVISIONS RELATES TO FIRST RIGHT OF REFUSAL IN FAVOUR OF CSA'S MINORITY SHAREHOLDERS, OFF SHELF INVESTMENTS FIFTY-SIX.SA'S COMPETITION TRIBUNAL- ‍REBRANDING COSTS FOR PRIVATE SERVICE STATIONS AND 6 BILLION RAND REFINERY UPGRADE SOME CONDITIONS IN APPROVED SINOPEC MERGER WITH CHEVRON SA​.  Full Article

Sinopec Oilfield Service ‍Appoints Jiao Fangzheng as Chairman
Thursday, 8 Feb 2018 04:56am EST 

Feb 8 (Reuters) - Sinopec Oilfield Service Corp <600871.SS>::JIAO FANGZHENG WAS APPOINTED AS CHAIRMAN OF BOARD AND SUN QINGDE WAS APPOINTED AS VICE CHAIRMAN OF BOARD.  Full Article

Sinopec Oilfield Service Corp Received Approval On Non-Public Issuance Of A Shares By CRSC
Wednesday, 17 Jan 2018 11:08pm EST 

Jan 18 (Reuters) - Sinopec Oilfield Service Corp <600871.SS>::RECEIVED APPROVAL ON NON-PUBLIC ISSUANCE OF A SHARES BY CRSC.  Full Article

Sinopec Oilfield plans 4,000 job cuts due to overstaffing, lower oil prices

* Sinopec Oilfield Service Corp plans to cut 4,000 jobs this year due to structural overstaffing, having let go 2,000 employees in the first half, company spokesman Li Honghai said on Wednesday