Reported about 2 months ago
China's Sinopec has announced a 2.6% increase in net profit for the first half of the year, totaling 37.1 billion yuan ($5.21 billion), driven by higher oil prices. Despite a slight decline in sales and production of ethylene, crude oil output increased by 0.6%, while natural gas production rose by 6%. The company faced challenges with domestic fuel demand and rising crude prices impacting growth.
Source: YAHOO