Sinopec’s 2023 net income falls 9.9% in ‘complicated environment’
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. The world’s largest oil refiner by capacity posted net income of 60.5 billion yuan ($8.37 billion), based on Chinese accounting standards, in a … Read more