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1. • • BEIJING, Oct 28 (Reuters) - Chinese refiner Sinopec (600028.SS) posted a 52.1% year-on-year decline in net profit to 8.54 billion yuan ($1.2 billion) for the third quarter because of lower oil prices and weak refining margins.
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     Sinopec's Q3 earnings fall 52.1% on lower oil prices ...

2. People also ask

   Did rising oil prices boost Sinopec's net profit?

   • (Reporting by Colleen Howe and Beijing newsroom; Editing by Lincoln Feast.) China's Sinopec posted a 2.6% rise in net profit for the first half of the year, it said on Sunday, as rising oil prices boosted income.

   China's Sinopec posts 2.6% rise in first-half profit

   finance.yahoo.com/news/chinas-sinopec-posts-2-7-083059086.html

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   Why did Sinopec's third-quarter profit rise 34%?

   • REUTERS/Bobby Yip/File Photo Purchase Licensing Rights Oct 26 (Reuters) - China's Sinopec Corp on Thursday reported a 34% rise in third-quarter net profit to 17.86 billion yuan ($2.44 billion) as higher refinery output and strong fuel sales offset lower realised oil and gas prices.

   Sinopec Q3 profit up 34% on higher refinery output, fuel sales

   www.reuters.com/markets/commodities/sinopec-q3-net-income-up-34-yr-refinery-output-growth-2023-10-26/

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   How much money does Sinopec make a year?

   • China Petroleum & Chemical Corp as Sinopec is officially known, reported on Sunday a net income of 37.1 billion yuan ($5.21 billion) for January to June, according to a filing with the Shanghai stock exchange. Sinopec, the world's largest oil refiner by capacity, saw its sales fall 1.1% to 1.58 trillion yuan.

   China's Sinopec posts 2.6% rise in first-half profit

   finance.yahoo.com/news/chinas-sinopec-posts-2-7-083059086.html

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   Why did Sinopec decline?

   • REUTERS/Chris Helgren Purchase Licensing Rights BEIJING, Oct 28 (Reuters) - Chinese refining giant Sinopec posted a 52.1% year-on-year decline in net profit for the third quarter to 8.54 billion yuan ($1.2 billion) because of lower oil prices and weak refining margins.

   Sinopec's Q3 earnings fall 52.1% on lower oil prices, refining margins

   www.reuters.com/markets/commodities/sinopecs-q3-earnings-fall-521-lower-oil-prices-refining-margins-2024-10-28/

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   How did China's Sinopec perform in the first half of the year?

   • China's Sinopec posted a 2.6% rise in net profit for the first half of the year, it said on Sunday, as rising oil prices boosted income. China Petroleum & Chemical Corp as Sinopec is officially known, reported on Sunday a net income of 37.1 billion yuan ($5.21 billion) for January to June, according to a filing with the Shanghai stock exchange.

   China's Sinopec posts 2.6% rise in first-half profit

   finance.yahoo.com/news/chinas-sinopec-posts-2-7-083059086.html

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   Why did Sinopec lose its petrochemical business?

   • Its petrochemical business, particularly synthetic fiber and polymer, remained under pressure however due to a severe supply overhang, the company said. During the first nine months of the year Sinopec produced 210.6 million barrels of crude oil, down 0.1%, while its natural gas output rose 8.7% to 993 billion cubic feet.

   Sinopec Q3 profit up 34% on higher refinery output, fuel sales

   www.reuters.com/markets/commodities/sinopec-q3-net-income-up-34-yr-refinery-output-growth-2023-10-26/

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3. Top stories

   • 

     Bloomberg L.P.

     Sinopec Profits Slump as Oil Refining Suffers from Weak Economy

     6 days ago

   • 

     Rigzone

     Sinopec Q3 Profit Halved Year-on-Year as Refining Margins Fall

     5 days ago

   • Business Insider

     Sinopec’s Q3 2024 Earnings Reflect Market Challenges

     China Petroleum & Chemical Corporation Class H ( (SNPMF) ) has realeased its Q3 earnings. Here is a breakdown of the information China

     4 days ago

   • Reuters

     Sinopec's Q3 earnings fall 52.1% on lower oil prices, refining margins

     Chinese refining giant Sinopec posted a 52.1% year-on-year decline in net profit for the third quarter to 8.54 billion yuan ($1.2 billion) because of lower oil prices and weak refining margins.

     6 days ago

   • Reuters on MSN.com

     PetroChina's Q3 profit down 5.3% on fuel sales decline, lower oil prices

     5 days ago

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4. finance.yahoo.com › quote › 0386SINOPEC CORP (0386.HK) Latest Stock News & Headlines - Yahoo ...

   finance.yahoo.com › quote › 0386

   Get the latest China Petroleum & Chemical Corporation (0386.HK) stock news and headlines to help you in your trading and investing decisions.

   • Sinopec's H1 profit up on record output despite lower product ...

     China's Sinopec posted a 2.6% rise in net profit for the...

5. finance.yahoo.com › quote › 0386SINOPEC CORP (0386.HK) Stock Price, News, Quote & History ...

   finance.yahoo.com › quote › 0386

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   Find the latest SINOPEC CORP (0386.HK) stock quote, history, news and other vital information to help you with your stock trading and investing.

6. Videos

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     Energy giant Sinopec says new oil and gas deposits found in China’s western Xinjiang region

     26 Jan 2022

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     facebook.com

     Energy giant Sinopec says new oil and gas deposits found in China’s western Xinjiang region

     26 Jan 2022

     173.6K views

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     1:32

     scmp.com

     Oil giant Sinopec sets up entity to invest in overseas refineries as it eyes global expansion in the face of waning Chinese demand

     31 Aug 2023

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7. markets.businessinsider.com › news › stocksSinopec Oilfield Announces Share Transfer Update | Markets ...

   markets.businessinsider.com › news › stocks

   • Cached

   2 days ago · Sinopec Oilfield Service has released an update.Sinopec Oilfield Service Corporation has announced the approval of a transfer of 759,170,000 A shares, representing about 4% of its total share ...

8. www.reuters.com › markets › commoditiesSinopec's Q3 earnings fall 52.1% on lower oil prices ...

   www.reuters.com › markets › commodities

   5 days ago · Chinese refiner Sinopec posted a 52.1% year-on-year decline in net profit to 8.54 billion yuan ($1.2 billion) for the third quarter because of lower oil prices and weak refining margins.

9. www.reuters.com › markets › commoditiesSinopec Q3 profit up 34% on higher refinery output, fuel sales

   www.reuters.com › markets › commodities

   Oct 26, 2023 · China's Sinopec Corp on Thursday reported a 34% rise in third-quarter net profit to 17.86 billion yuan ($2.44 billion) as higher refinery output and strong fuel sales offset lower realised oil...

10. finance.yahoo.com › news › chinas-sinopec-posts-2-7Sinopec's H1 profit up on record output despite lower product ...

    finance.yahoo.com › news › chinas-sinopec-posts-2-7

    • Cached

    Aug 26, 2024 · China's Sinopec posted a 2.6% rise in net profit for the first half of the year as record oil and gas output compensated for falling domestic demand for refined fuel and petrochemicals.

11. www.bloomberg.com › news › articlesSinopec Profit Surges on Inventory Gains, Oil-Product Sales

    www.bloomberg.com › news › articles

    • Cached

    Oct 27, 2023 · China’s biggest oil refiner, Sinopec, posted a jump in third-quarter profit despite the nation’s stuttering economic recovery, helped by inventory gains and higher oil-product sales.