China Petroleum & Chemical Corporation, better known as Sinopec (SNP) is one of the world's biggest oil and gas companies. Like many of its peers, Sinopec has been adversely impacted by falling energy prices in combination with COVID-19. The stock has declined accordingly, but there are signs that the coronavirus outbreak is improving, at least in China. Sinopec may soon see the results of improved market conditions in its top and bottom line. However, there are other issues that are contributing to Sinopec's woes and which may continue to hold back the stock