This week, I'm looking for the fourth consumer energy representative of four for my Ivy portfolio.

That energy sector includes six industries all related to bringing oil and gas to market. They are: drilling, exploration and production (E&P), equipment and services, integrated, midstream, refining & marketing.  (Those six oily and gassy enterprises.)

Today I'm reviewing a large-cap oil and gas integrated firm, named China Petroleum & Chemical Corporation ticker symbol is SNP.

China Petroleum & Chemical, or Sinopec, is one of China's national oil companies and one of Asian's largest integrated oil companies in terms of revenue.

Its income is derived primarily from refining and marketing of oil products and petrochemical production. Sinopec has China's largest petrol station network with over 30,000 stations and enjoys significant market share in petrochemicals.

Established in 2000 by Sinopec Group, a state-owned enterprise and majority shareholder, the company also owns oil and gas assets in Shandong and Sichuan provinces. It has a smaller global upstream presence than peers PetroChina and CNOOC.

Headquartered in Beijing, the People's Republic of China, China Petroleum & Chemical Corporation is a subsidiary of China Petrochemical Corporation.

I use three key data points to gauge the value of any dividend equity-like China Petroleum & Chemical Corporation:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest.

Those first three primary keys, however, best tell whether a company has made, is making, and will make money.

SNP Price

Sinopec's price per share closed at $80.23 yesterday. A year ago its price was $91.61. Price fell $11.38 or 12.4% in the past year.

Assuming Sinopec's stock trades in the range of $70 to $100 this year, Sinopec's recent $80.23 price could rise by $3.77 and go to $84.00 by early-April, 2020.

SNP Dividends

Sinopec's most recent Semi-Annual dividend was $2.336 declared in August 15th and paid, in September. The next dividend is due in May.

That $2.336 SA dividend is the smaller portion of a total annual payout of $8.54 for a yield of 10.65% at yesterday's $80.23 closing price.

Gains For SNP?

Adding the $8.54 annual estimated dividend to my $3.77 estimate of Sinopec's price upside shows a $12.31 potential gross annual gain, per share, which will be reduced by costs to trade those shares.

Say we put a little under $1,000.00 today at the $80.23 recent stock price would buy us 12 China China Petroleum & Chemical Corporation shares.

A $10 broker fee paid half at purchase and half at sale costs $0.83 per share.

Subtract that $0.83 brokerage cost from the estimated $12.31 gross annual gain leaves a net gain of $11.48 X 12 shares

= $137.76 or a 13.8% net gain on a $962.76 investment.

Therefore, China Petroleum & Chemical Corporation whose trading ticker symbol is SNP now shows a possible net gain of about 13.8% including a 10.65% dividend yield.

Four brokers cover this stock:

Two say "buy" SNP shares.

Two say "hold" SNP.

Therefore, you can look at  China Petroleum & Chemical Corporation and see it has made money, is making money, and could 10.65% dividend yield. It could be more, it could be less.

The above speculation is based on past year performance. The actual results remain to be seen to determine if China Petroleum & Chemical Corporation is worth your time and money.