China Petroleum & Chemical Corporation
Q1 2010 Results Announcement
29 April 2010
Disclaimer
As required by the CSRC, financial statements of the first quarter of Sinopec Corp. (the
“Company”) were prepared under China Accounting Standards for Business Enterprises. The
Company has adjusted part of the financial data in accordance with the International Financial
Reporting Standards hereby for the reference of international investors. Financial data of the first
quarter contained in the presentation and presentation materials are unaudited.
This presentation and the presentation materials distributed herein include forward-looking
statements. All statements, other than statements of historical facts, that address activities, events or
developments that Sinopec Corp. expects or anticipates will or may occur in the future (including but
not limited to projections, targets, estimates and business plans) are forward-looking statements.
Sinopec Corp.'s actual results or developments may differ materially from those indicated by these
forward-looking statements as a result of various factors and uncertainties, including but not limited
to price fluctuations, actual demand, exchange rate fluctuations, exploration and development
outcomes, estimates of proven reserves, competition, environmental risks, changes in legal, financial
and regulatory frameworks, international economic and financial market conditions, political risks,
project delay, project approval, cost estimates and other risks and factors beyond our control. In
addition, Sinopec Corp. makes the forward-looking statements referred to herein as of today and
undertakes no obligation to update these statements.
2010-4-29
2
Market Environment in Q1 2010

China’s GDP grew by 11.9% in the first quarter

Crude oil traded within a narrow range, but the trend was
positive

Domestic demand for natural gas, oil products and chemical
products increased steadily
2010-4-29
3
Financial Performance
EBIT of Each Segment
RMB million
Q1 2009
Q1 2010
Change %
Turnover and other
revenues
227,499
438,209
92.6
EBITDA
28,828
34,819
20.8
EBIT
16,701
21,517
28.8
Net profit
attributable to
equity shareholders
of the company
11,281
15,785
39.9
0.130
0.182
39.9
EPS (RMB)
2010-4-29
RMB million
4
Financial Position
31 Dec 2009
31 Mar 2010
Short-term debt
58,898
61,740
Long-term debt
108,828
111,359
Total equity attributable to equity
shareholders of the company
375,661
391,312
RMB million
RMB million
Q1 2010
Net cash flow generated from
operating activities
27,995
Net cash flow used in investing
activities
31,375
Net cash flow generated from
financing activities
2010-4-29
4,702
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E&P—Operational Summary & Performance
Q1 2009
Q1 2010
Change%
Crude oil production (mm bbls)
73.81
73.70
(0.1)
Natural gas production (bcf)
69.98
98.65
41.0
1,599.01
3,315.94
107.4
Realized price of natural gas
(RMB/thousand cubic meter)
961.53
1,006.53
4.7
Lifting cost (RMB/tonne)
604.79
610.56
1.0
2,756
8,625
213.0
Realized price of crude oil (RMB/tonne)
EBIT（RMB million）
Note: 1 tonne=7.1 barrels, 1 cubic meter=35.31 cubic feet
2010-4-29
6
Refining—Operational Summary
Q1 2009
Q1 2010
Change%
Refinery throughput (mm tonnes)
41.11
49.50
20.4
Gasoline production (mm tonnes)
8.16
8.62
5.6
15.38
18.00
17.0
Kerosene incl. jet fuel production (mm
tonnes)
2.18
2.87
31.7
Light chemical feedstock production
(mm tonnes)
5.77
8.50
47.3
Light stream yield(%)
74.93
75.75
82bps
Refining yield(%)
93.66
94.80
114bps
Diesel production (mm tonnes)
2010-4-29
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Refining—Performance
Refining Margin / Cash
Operating Cost
Refining margin
RMB/tonne
2010-4-29
Cash operating cost
RMB/tonne
EBIT of Refining Segment
RMB million
8
Marketing—Operational Summary
Q1 2009
Q1 2010
Change%
Domestic sales of refined oil products
(mm tonnes)
26.43
32.84
24.3
Incl. Retail (mm tonnes)
17.37
20.19
16.2
Distribution (mm tonnes)
5.05
7.76
53.7
Wholesale (mm tonnes)
4.01
4.89
21.9
2,420
2,769
14.4
31 Dec 2009
31 Mar 2010
Change%
Total number of service stations (unit)
29,698
29,795
0.3
Incl. Company-operated
29,055
29,158
0.4
643
637
(0.9)
Annualized average pump volume per
station (tonnes)
Franchised
2010-4-29
9
Marketing—Performance
Maximum retail price of
RON 90# gasoline and 0# diesel
RMB/tonne
EBIT of Marketing Segment
USD/bbl
RMB million
110
9000
100
8000
90
80
7000
70
60
6000
50
5000
RON90 Gasoline
0# Diesel
Dubai Crude (Right Scale)
4000
40
30
20
10
3000
09-1
09-4
09-7
09-10
10-1
10-4
RMB/tonne
Marketing cash
operating cost
2010-4-29
Q1 2009
Q1 2010
162.6
149.0
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Chemicals—Operational Summary
‘000 tonnes
Q1 2009
Q1 2010
Change %
Ethylene
1,488
2,028
36.3
Synthetic resins
2,416
2,917
20.7
198
240
21.2
1,723
2,133
23.8
Synthetic fibers
315
327
3.8
Urea
362
487
34.5
Synthetic rubbers
Monomers & Polymers for synthetic
fibers
Note: The above data includes 100% production of JVs.
2010-4-29
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Chemicals—Performance
Chemicals Price Spread
EBIT of Chemicals Segment
USD/tonne
RMB million
2400
2000
1600
1200
800
400
0
02/1
03/1
04/1
05/1
PP-Naphtha
2010-4-29
06/1
07/1
08/1
09/1
10/1
LDPE-Naphtha
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Capital Expenditure
Total Capex in Q1: 16.8bn

RMB billion
E&P


Refining


Construction of major Ethylene
projects.
Marketing

2010-4-29
Revamping crude adaptability;
Construction of new storage
facilities and pipelines.
Chemicals


Sichuan-East China Gas Project,
Shengli, Northwest and Southwest
Oil Fields as well as pipeline
construction.
Accelerated construction of
pipelines and newly developed
337 service stations in key areas
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For Further Information
http://www.sinopec.com
Investor Inquiries
Media Inquires
Beijing:
Tel: (8610)59960028
Fax: (8610) 59960386
Email: media@sinopec.com
Tel: (8610) 59960028 Fax: (8610) 59960386
Email: ir@sinopec.com
Hong Kong: Tel: (852) 28242638 Fax: (852) 28243669
Email: ir@sinopechk.com
New York :
2010-4-29
Tel: (212) 759 5085 Fax: (212) 759 6882
Email: fangzq@sinopecusa.com
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