China Petroleum & Chemical Corp., the world’s biggest refiner, will pay a record-high dividend as its massive fuels and chemical segments helped boost annual profit about 10 percent.
Net income climbed to 51.1 billion yuan ($8.1 billion), the company known as Sinopec said in a statement to the Hong Kong stock exchange Sunday. The company proposed a 0.5 yuan per share total dividend payout for 2017, the most since its listing in 2000 and above a forecast for 0.17 yuan in data compiled by Bloomberg. The company also flagged about 22 billion yuan in impairments, mostly in its upstream assets.
Brazil Energy Insight 
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