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By Tracy Qu China Petroleum & Chemical Corporation, or Sinopec, posted a drop in net profit for 2023 amid volatility in global oil prices, a market trend it thinks will persist this year. ...
The main pipeline carrying oil from South Sudan through Sudan for export has been suffering stoppages since last month due to problems linked to the war between Sudan's army and the Rapid Support... -March 25, 2024 at 11:13 am EDT - MarketScreener
China Petroleum & Chemical Corp, known as Sinopec, reported a 9.9% decline in 2023 net profit on Sunday, weighed by falling oil and gas prices but supported by recovering fuel demand.
Sinopec's annual profits declined 13 percent, after oil prices fell and Chinese refiners posted a record year for processing and imports.
By Kimberley Kao Chinese state-controlled oil company PetroChina said its annual profit rose to a record due to lower operating expenses, but revenue fell on weaker oil prices. PetroChina,...