Sinopec Achieves Solid Operating Results in the First Half of 2026
China Petroleum & Chemical Corporation (the “Company”) 386600028 today announced its interim results for the six months ended 30 June 2026. Financial Highlights • In accordance with IFRS, the Company’s total revenue for the first half of 2026 reached RMB 1.44 trillion, up by 2.0% year-on-year. Profit attributable to shareholders of the Company was RMB ...
Sinopec reported solid operating results for the first half of 2026, with total revenue reaching RMB 1.44 trillion, up 2.0% year-on-year. The company's profit attributable to shareholders was RMB 26.567 billion, an increase of 11.9% year-on-year, and basic earnings per share were RMB 0.220, up 12.2% year-on-year. Net cash flow from operating activities was RMB 62.499 billion, up 2.4% year-on-year.
The Board of Directors approved an interim cash dividend of RMB 0.105 per share, representing a payout ratio of 49.5%. Despite facing severe challenges, Sinopec demonstrated strong resilience, with oil and gas output reaching approximately 263 million barrels of oil equivalent, up 0.3% year-on-year. The company also initiated share repurchases to safeguard corporate value and shareholders' interests.
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