Investment Rating - The investment rating for China Petroleum & Chemical Corp. is Equal-weight [4][62]. Core Views - The report suggests that the share price of China Petroleum & Chemical Corp. is expected to rise in absolute terms over the next 15 days due to a sharp increase in oil prices amid concerns over energy supply disruptions from the Middle East [1]. - The report estimates a 70% to 80% probability for this scenario, indicating a "very likely" outcome [1]. Summary by Sections Stock Information - Current stock price as of June 12, 2025, is Rmb5.89 with a price target of Rmb6.00 [4]. - The 52-week price range is Rmb7.64 to Rmb5.25 [4]. - The market capitalization is approximately Rmb660.52 billion [4]. Valuation Methodology - The valuation methodology includes applying a slight discount to the multiples of international peers to reflect lower realized prices of refined oil products [7]. - A 42% A-H premium is applied to derive the price target for Sinopec - A [7]. Market Context - The report highlights that the share price could rebound after recent trading weakness linked to oil prices [1]. - The average daily trading value for the stock is Rmb920 million [4].