Sinopec’s full-year profit tumbled 16% amid sluggish demand, with China’s oil consumption likely nearing a peak.

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 ...

(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 ...

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.

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.

On Tuesday, JPMorgan analysts downgraded China Petroleum (OTC:SNPTY) & Chemical Corporation (386:HK) (NYSE: SNP), commonly known as Sinopec (OTC:SHIIY), from Overweight to Neutral and adjusted the ...

HONG KONG -- Sinopec Shanghai Petrochemical, one of the largest crude oil buyers in China, revealed on Thursday that it has reduced its purchases from Russia during the first quarter after more ...

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] 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 ...

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 ...