Sinopec Reports Decline in First-Half Net Profit Due to Low Oil Prices
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 21 2025
0mins
Source: WSJ
Profit Decline: China Petroleum & Chemical Corp. reported a 40% drop in net profit for the first half of the year, totaling 21.48 billion yuan ($2.99 billion).
Revenue Decrease: The company's revenue fell by 11% compared to the previous year, amounting to 1.409 trillion yuan.
Impact of Oil Prices: The decline in both profit and revenue was attributed to lower oil prices affecting the energy sector.
State-Owned Company: China Petroleum & Chemical Corp. is a major state-owned enterprise in China's energy industry.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
