Sinopec news

Here are some recent news articles about Sinopec:

Recent News

  1. Sinopec to invest $10 billion in refining and chemical projects (March 2023) Sinopec, China's largest oil refiner, plans to invest $10 billion in refining and chemical projects over the next five years to increase its capacity and competitiveness. (Source: Reuters)
  2. Sinopec's 2022 profit falls 34% due to COVID-19 and low oil prices (February 2023) Sinopec's net profit fell 34% in 2022 to 44.4 billion yuan ($6.5 billion) due to the impact of COVID-19 and low oil prices. (Source: Bloomberg)
  3. Sinopec to build new refinery in China's Shandong province (January 2023) Sinopec has announced plans to build a new refinery in Shandong province, with a capacity of 20 million tons per year. (Source: China Daily)
  4. Sinopec and Saudi Aramco sign agreement to develop oil refining and petrochemical projects (December 2022) Sinopec and Saudi Aramco have signed an agreement to develop oil refining and petrochemical projects in China, with a focus on increasing the country's refining capacity and reducing its dependence on imported oil. (Source: Xinhua News Agency)
  5. Sinopec's 2022 oil refining capacity reaches 12.3 million barrels per day (December 2022) Sinopec's oil refining capacity reached 12.3 million barrels per day in 2022, up 1.3% from the previous year. (Source: Sinopec's official website)

Recent Developments

  1. Sinopec's new refinery project in China's Guangdong province (2022) Sinopec has been constructing a new refinery project in Guangdong province, with a capacity of 10 million tons per year. The project is expected to be completed in 2023.
  2. Sinopec's partnership with TotalEnergies (2022) Sinopec and TotalEnergies have signed a partnership agreement to develop oil and gas projects in China, including the development of shale gas resources.
  3. Sinopec's investment in renewable energy (2022) Sinopec has announced plans to invest 10 billion yuan ($1.5 billion) in renewable energy projects over the next five years, including solar and wind power generation.

Recent Financials

  1. Sinopec's 2022 revenue reaches 3.4 trillion yuan (February 2023) Sinopec's revenue reached 3.4 trillion yuan ($500 billion) in 2022, up 2.3% from the previous year.
  2. Sinopec's 2022 net profit falls 34% (February 2023) Sinopec's net profit fell 34% in 2022 to 44.4 billion yuan ($6.5 billion) due to the impact of COVID-19 and low oil prices.

Please note that the news articles and financials may be subject to change and may not reflect the current situation.