What were Sinopec's H1 2024 revenue and net profit figures, and what did the company attribute its 19.3% net profit growth to?

According to the report, Sinopec achieved H1 2024 revenue of RMB 1.4366 trillion, up 2% year-on-year, and net profit attributable to parent company shareholders of RMB 25.6 billion, up 19.3% year-on-year. The company attributed this profit surge primarily to higher sales prices of petroleum and petrochemical products driven by rising crude oil prices, increased upstream development efforts, higher output of high-value-added products such as jet fuel and refinery by-products, and inventory gains resulting from rising prices of crude oil and refined products.

How many executives at China Energy Investment Corporation (State Power Investment Group’s parent entity) have been investigated in the past 18 months, and across which sectors?

Over the past one-and-a-half years, more than 17 middle- and senior-level executives at China Energy Investment Corporation (referred to in the article as 'National Energy Group') have been investigated, involving sectors including coal, chemical industry, power, and ports.

Sinopec H1 Net Profit Surges 20% Amid Middle East Tensions; National Energy Group Investigates 17 Executives

Aug 24, 2026

Sinopec reported a 19.3% increase in H1 net profit to 25.6 billion yuan, driven by rising oil prices amid Middle East tensions. Meanwhile, National Energy Group has investigated over 17 executives across coal and chemical sectors in the past 18 months.

caixin

2026-08-24

Sinopec H1 Net Profit Surges 20% Amid Middle East Tensions; National Energy Group Investigates 17 Executives

Sinopec H1 Net Profit Surges 20% Amid Middle East Tensions; National Energy Group Investigates 17 Executives

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