Sinopec reported a 19.3% year-on-year increase in H1 net profit to 25.6 billion yuan, driven by higher oil prices amid Middle East tensions. Upstream expansion and inventory gains further supported th
Sinopec plans to increase crude oil sourcing from Brazil and Africa to counter Middle East supply disruptions. The company will allocate over 30 billion yuan annually to new energy projects amidst dec
Sinopec reported a 19.3% increase in first-half 2026 net profit to 25.63 billion yuan despite Middle East conflicts and weak domestic demand. Refining margins surged 44.1%, though chemical losses pers
Sinopec reported a 12% rise in first-half net income to 26.6 billion yuan, driven by higher global energy prices boosting upstream revenues despite refining margin pressures.
Sinopec has increased Russian ESPO crude imports to replace reduced Middle East supplies amid regional conflicts. The refiner secured significant volumes at discounted rates to maintain throughput des
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