Try GOLD - Free
Sinopec's first-half profit up 2.6% on record oil, gas output
The Straits Times
|August 27, 2024
BEIJING - China's Sinopec posted a 2.6 per cent rise in net profit for the first half of 2024, it said on Aug 25, as record oil and gas output compensated for falling domestic demand for refined fuel and petrochemicals.
-
China Petroleum & Chemical Corporation, as Sinopec is officially known, reported on Aug 25 a net income of 37.1 billion yuan (S$6.79 billion) for January to June, according to a filing with the Shanghai Stock Exchange.
Sinopec, the world's largest oil refiner by capacity, said its oil and gas production hit a record high of 257.66 million barrels of oil equivalent, up 3.1 per cent on the year, led by rising natural gas production.
This story is from the August 27, 2024 edition of The Straits Times.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Straits Times
The Straits Times
The promise of a father's love for daddy's girl
I am my daughter's gatekeeper and my bond with her will have a profound influence over her other relationships
3 mins
November 03, 2025
The Straits Times
Benz Hui's family to donate all condolence money to charity
All the condolence money for veteran Hong Kong actor Benz Hui will be donated to the Children’s Cancer Foundation, his family said in an obituary released on Oct 31.
1 mins
November 03, 2025
The Straits Times
Hybe label Ador completes track demos for NewJeans' new album
SEOUL - Ador, the music label under South Korean entertainment giant Hybe and home to NewJeans, has completed several demos for the K-pop girl group’s next album and submitted the list of tracks to the Seoul Central District Court as evidence of its continued management responsibilities.
2 mins
November 03, 2025
The Straits Times
7 questions to ask your child
After PSLE: Choosing a secondary school
5 mins
November 03, 2025
The Straits Times
How Crocs became the right fit for China's Gen Z
Crocs, the perforated clogs commercialised by a trio of middle-aged American boating enthusiasts, have become the surprising shoe of choice for Chinese hipsters. Their comeback can provide valuable insights for Western firms struggling to connect with young consumers in a US$7 trillion (S$9 trillion) market where confidence has been dented.
2 mins
November 03, 2025
The Straits Times
Nearly 60,000 lose power supply in Ukraine after Russian attack
Nearly 60,000 people were deprived of power supply after Russia’s overnight air attack on Ukraine’s front-line region of Zaporizhzhia, while two people were killed in the southern region of Odesa, the Ukrainian authorities said on Nov 2.
1 mins
November 03, 2025
The Straits Times
Spore investor interest in US tech stocks surges after Q3 results
Interest in US tech stocks from Singapore investors jumped last week, with Meta Platforms, Amazon and Microsoft among the names trending on Google and driving increased activity on online trading platforms.
2 mins
November 03, 2025
The Straits Times
Washington seeks deeper ties with Hanoi: Hegseth
The US wants deeper military ties with Vietnam, said US Defence Secretary Pete Hegseth on Nov 2 at the start of a visit to Hanoi amid prolonged talks for the potential supply of military equipment to Washington’s former foe.
2 mins
November 03, 2025
The Straits Times
England target improvement at breakdowns ahead of Fiji Test
England coach Steve Borthwick was impressed with how his team kept their composure to finish strongly and beat Australia 25-7 on Nov 1 after long spells in which they failed to turn their dominance into points.
1 mins
November 03, 2025
The Straits Times
Don't let Al outpace human skills; level up HR to develop talent: SNEF president
Firms risk weakening S'pore's skills base if they adopt AI too hastily, says Tan Hee Teck
4 mins
November 03, 2025
Listen
Translate
Change font size