Finance

Large Chinese oil companies' profits fall amid rising costs

PetroChina and Sinopec saw profits drop in the third quarter, despite seeing better results for the first nine months of the year

Chinese oil companies' results: A Chinese national flag flutters between PetroChina flags at PetroChina's headquarters in Beijing.
Chinese oil companies' results: A Chinese national flag flutters between PetroChina flags at PetroChina's headquarters in Beijing.Photo: REUTERS/SCANPIX
  • Xu Yihe
Singapore
ChinaPetroChinaSinopecCNOOC LtdAsia & Oceania
Published 1 November 2021, 17:53Updated 3 November 2021, 10:06