Finance

Sinopec profits drop despite huge increase in exploration and production revenues

Chinese company’s overall profit was down to $9.5 billion, including $7.67 billion earned from oil and gas production

Sign of the times: Sinopec has reported a drop in profits for 2022.
Sign of the times: Sinopec has reported a drop in profits for 2022.Photo: AFP/SCANPIX
  • Xu Yihe
Singapore
ChinaSinopecAsia & OceaniaEast Asia
Published 30 March 2023, 02:00Updated 5 April 2023, 06:04