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

2. Market Environment in Q1-Q3 前三季度的市场环境
China’s economy maintained its rapid growth, with GDP rising % 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

3. 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

4. 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

5. 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 = cubic feet

6. 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

7. 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

8. 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

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
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.

11. Chemicals – Segment Performance
EBIT of Chemicals Segment
RMB million

12. Capital Expenditure Q1-Q3 2007 Capex: RMB59.910 bn
Exploration and Production: RMB billion. Newly built production capacity of crude oil and natural gas was 4.51 million tonnes per year and billion cubic meters per year respectively
Refining: RMB billion. The refinery revamping project in Yanshan completed; The refinery Projects in Qingdao, Luoyang, Wuhan, Gaoqiao and crude oil pier progressed smoothly
Marketing : RMB billion. Construction and acquisition of gas stations in key areas continued with 547 newly added stations, the marketing network got improved
Chemicals: RMB 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 billion
Q1-Q Capex: RMB bn
RMB million

13. For Further Information
Media Relations
Tel: (8610)
Fax: (8610)
Investor Relations
Beijing: Tel: (8610) Fax: (8610)
Hong Kong: Tel: (852) Fax: (852)
New York: Tel: (212) Fax: (212)