Sinopec Reports Slump in Full-Year Profit as Headwinds Mount
Sinopec’s full-year profit tumbled 16% amid sluggish demand, with China’s oil consumption likely nearing a peak.
Sinopec’s 2024 net profit plunges 16.8% due to falling oil prices, NEVs
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 development ...