China’s state oil major Sinopec reported a net profit of almost $7 billion for 2024, which represented a 16.8% decline on the year, attributed to lower oil prices and electric cars.

(RTTNews) - China Petroleum & Chemical Corporation or Sinopec Corp. reported that its IFRS net income attributable to shareholders of the company for fiscal year 2024 declined to RMB 48.939 ...

SINGAPORE, March 3 (Reuters) - Sinopec Corp said on Monday the Chinese government has certified about 180 million metric tons, or about 1.3 billion barrels, of new geological reserves at two of ...

(Bloomberg) -- Sinopec’s full-year profit tumbled 16% amid sluggish demand, with China’s oil consumption likely nearing a peak. The country’s biggest refiner saw net income fall to 49 ...

The Chinese state-owned oil-and-gas major, also known as Sinopec, said Sunday that its net profit for the year was down 17% to 50.31 billion yuan, equivalent to $6.94 billion. A consensus in a ...

China’s top oil refiner, Sinopec (OTCPK:SPTJF), reported a double-digit drop in annual profit for 2024, citing weakening domestic oil demand and structural shifts in the energy market.

Here is what you need to know: NET PROFIT: The Chinese oil major, also known as Sinopec, is likely to post profit of 56.21 billion yuan, equivalent to $7.76 billion, according to the consensus ...

Chinese state-owned oil and gas giant Sinopec has scaled back its capital expenditure for 2025, setting a budget of 164.3 billion yuan ($22.8 billion), down from 175 billion yuan in 2024 ...

BEIJING, March 24 (Reuters) - China Petroleum & Chemical Corp, known as Sinopec, reported a 16.8% decline in 2024 net profit, citing lower crude oil prices and the accelerated development of the ...

BEIJING, March 23 (Reuters) - China Petroleum & Chemical Corp , known as Sinopec, reported a 16.8% decline in 2024 net profit on Sunday, citing lower crude oil prices and the accelerated ...

[BEIJING] China Petroleum & Chemical Corporation, known as Sinopec, reported a 16.8 per cent decline in 2024 net profit, citing lower crude oil prices and the accelerated development of the new energy ...