China Petroleum & Chemical Corporation Q1-Q3 2007 Results Announcement October 30, 2007 Beijing

Market Environment in Q1-Q3 前三季度的市场环境 China’s economy maintained its rapid growth, with GDP rising 11.5% in Q1-Q3 Domestic demand for refined oil products and chemical products grew steadily International crude oil prices kept increasing Price controls on refined oil products remained in effect Chemical prices remained high

Profit Growth RMB million 1-9’07 1-9’06 change% Turnover and other operating revenues 875,218 770,296 13.62 EBITDA 102,970 77,624 32.65 EBIT 74,065 53,560 38.28 Net profit attributable to shareholders of the Company 49,818 34,787 43.21 EPS (RMB) 0.575 0.401

Financial Position RMB million As of 30 Sep. 2007 As of 31 Dec. 2006 Short-term debt 40,422 52,824 Long-term debt 69,303 61,617 Equity attributable to equity shareholders of the Company 298,907 262,845 1-9’07 Cash flow from operating activities 98,486 Cash flow used in investing activities (69,158) Cash flow from financing activities (27,633) Cash & cash equivalents - ending balance 8,343

E&P – Operational Summary 1-9’07 1-9’06 change% Crude production (million tonnes) 30.69 30.01 2.23 Gas production (billion cubic meters) 5.976 5.348 11.74 Crude realized Price (RMB/tonne) 2,955.57 3,388.03 (12.76) Gas realized Price (RMB/’000 cubic meters) 809.94 750.70 7.89 Oil & gas lifting cost (RMB/tonne) 557.91 470.35 18.62 EBIT (RMB million) 37,265 52,594 (29.15) Note: 1 tonne = 7.1 barrels，1 cubic meter = 35.31 cubic feet

Refining – Operational Summary (million tonnes) 1-9’07 1-9’06 change% Crude oil processed 115.80 108.70 6.53 Gasoline production 18.41 16.97 8.49 Diesel production 44.11 43.01 2.56 Light chemical feedstock production 17.98 17.16 4.78 Kerosene incl. jet fuel production 6.31 4.75 32.84 Light yield (%) 74.41 74.64 (0.23) bps Refining yield (%) 93.77 93.63 0.14bps

EBIT of Refining Segment Refining – Segment Performance Refining Margin / Cash Operating Cost EBIT of Refining Segment Refining Margin (RMB/tonne) Cash Operating Cost (RMB/tonne) RMB million

Marketing – Operational Summary 1-9’07 1-9’06 change% Domestic sales of refined oil products (million tonnes) 88.57 83.06 6.63 Incl. Retail (million tonnes) 55.82 53.39 4.55 Distribution (million tonnes) 15.46 14.49 6.69 Total number of gas stations (# sites) 28,976 28,546 1.51 Incl. Self-operated stations (# sites) 28,280 27,746 1.92 Franchised stations (# sites) 696 800 (13.0) Annualized throughput of self-operated stations (tonnes/station) 2,632 2,566 2.57

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

Chemicals – Operational Summary Unit: 1,000 tonnes 1-9’07 1-9’06 change% Ethylene 4,887 4,534 7.79 Synthetic resin 7,207 6,289 14.60 Synthetic fiber 5,921 5,401 9.63 Synthetic rubber 1,074 1,137 (5.54) Monomer & polymer for synthetic fiber 546 490 11.43 Urea 1,229 1,321 (6.96) Note: 100% production from YPC-BASF and Shanghai-Secco included.

Chemicals – Segment Performance EBIT of Chemicals Segment RMB million

Capital Expenditure Q1-Q3 2007 Capex: RMB59.910 bn Exploration and Production: RMB 30.807 billion. Newly built production capacity of crude oil and natural gas was 4.51 million tonnes per year and 0.985 billion cubic meters per year respectively Refining: RMB12.178 billion. The refinery revamping project in Yanshan completed; The refinery Projects in Qingdao, Luoyang, Wuhan, Gaoqiao and crude oil pier progressed smoothly Marketing : RMB 7.948 billion. Construction and acquisition of gas stations in key areas continued with 547 newly added stations, the marketing network got improved Chemicals: RMB 7.207 billion. Construction of Maoming ethylene expansion project, Shanghai glycol project and Yangzi-Jinpu styrene-butadiene rubber projects completed. Ethylene projects of Tianjin，Zhenhai and Fujian, as well as other projects proceeded on schedule. Corporate & Others – RMB 1.770 billion Q1-Q3 2007 Capex: RMB59.910 bn RMB million

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