Chinese Energy Giant Sinopec’s Interim Profit Surges 10% On Higher Crude Prices: Here’s Its H2 Outlook
China Petroleum and Chemical Corporation (NYSE: SNP), or Sinopec, registered a 10.4% increase in its H1 net profit at 43.53 billion yuan ($6.3 billion), led by higher global crude and gas prices, despite domestic demand remaining sluggish.