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Sinopec reports year's profit to shareholders

By Zheng Xin | chinadaily.com.cn | Updated: 2026-03-23 13:19
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China Petroleum and Chemical Corp (Sinopec) reported a net profit of 31.81 billion yuan ($4.6 billion) attributable to its shareholders for the fiscal year 2025, according to its annual report released on Sunday.

The State-owned energy giant's total revenue for the year reached 2.78 trillion yuan.

In 2025, Sinopec optimized its refining and chemical operations to navigate market shifts through a low-cost strategy. The company processed a total of 250 million metric tons of crude oil and produced 149 million tons of refined oil products, with aviation fuel output growing by 7.3 percent year-on-year.

On the chemicals front, production of chemical light oil increased by 8.4 percent. The company also reported an annual ethylene production of 15.28 million tons, while total sales of chemical products rose by 3.6 percent year-on-year to 87.12 million tons.

Accelerating its transformation into a comprehensive energy service provider, Sinopec also expanded its natural gas, electric charging, and hydrogen infrastructure networks.

Sales of liquefied natural gas (LNG) for vehicles surged by 74 percent year-on-year, while electric vehicle charging and battery-swapping volumes skyrocketed by 182 percent.

Total sales of refined oil products reached 229 million tons for the year, with the company maintaining its nationwide lead in both LNG and hydrogen refueling businesses.

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