David Fickling, Columnist

Everybody Hates Sinopec

The company has been using lower crude prices and the better performance of its refineries to clean up its balance sheet.

August 29, 2016 at 5:22 AM UTC

By David Fickling

David Fickling is a Bloomberg Opinion columnist covering climate change and energy. Previously, he worked for Bloomberg News, the Wall Street Journal and the Financial Times.

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What will convince investors to take a punt on Sinopec?

The biggest oil company on public markets1472437670127 is also one of the least loved. Blended forward 12-month pricing of its enterprise value relative to Ebitda is the lowest of any major integrated oil and gas business after Gazprom, Rosneft and Eni, according to data compiled by Bloomberg.