Finance

Sinopec slashes capital expenditure for 2024 after spending spree

Weak oil and gas prices beat the company’s earnings from its upstream business

Budget slashed: Sinopec chairman Ma Yongsheng.
Budget slashed: Sinopec chairman Ma Yongsheng.Photo: SINOPEC
Asia CorrespondentSingapore
SinopecChinaAsia & OceaniaEast Asia
Published 25 March 2024, 03:54Updated 25 March 2024, 03:54