Xu Yihe
Asia correspondent at Upstream
Opinion

Record returns: How Chinese giants outshone their global rivals

Chinese oil companies are thriving with lower global gas prices and domestic advantages, while profits drop at international giants, underscoring the critical role of adaptability

China’s PetroChina, Sinopec and CNOOC Ltd saw their profits surge in the first half of this year.
China’s PetroChina, Sinopec and CNOOC Ltd saw their profits surge in the first half of this year.Image: REUTERS/SCANPIX
Published 4 September 2024, 07:40Updated 5 September 2024, 07:06
PetroChinaSinopecCNOOC Ltd