Sinopec’s quarterly profit fell by 36% due to rising costs

Date: 28/10/2022Author: Eurasia Business News 0 Comments

By John Meyer, business consultant – Eurasia Business News, October 28, 2022

In the third quarter of 2022, the Chinese oil and gas company China Petroleum & Chemical Corp. (Sinopec) reduced its net profit by 36% in annual terms amid rising operating costs.

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