China Petroleum & Chemical Corporation Provided earnings guidance for the first quarter of 2017. For the quarter, the company estimated that the net profit attributable to shareholders of the Company for the first quarter of 2017 will increase by approximately 150% as compared with the corresponding period of the preceding year. The price of international crude oil in the first quarter of this year increased significantly, which helps the upstream segment to reduce its losses as compared with the corresponding period last year; and market demand for middle and downstream products remained stable, and profitability increased as compared with the corresponding period last year.