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SINOPEC CORP (00386.HK) 1H26 Net Profit RMB26.567 Billion Up 11.9%; Div 10.5 Cents
2026-08-23 20:08:20 SINOPEC CORP (00386.HK) announced its interim results for the six months ended June. Revenue amounted to RMB1.44 trillion, up 2% YoY, mainly due to higher selling prices of petroleum and petrochemical products following the rise in crude oil prices. Net profit attributable to shareholders increased 19.3% to RMB25.627 billion, with EPS of RMB0.212. An interim dividend of RMB0.105 was declared. Under IFRS, operating earnings rose 11.3% to RMB37.21 billion, mainly attributable to the company's increased upstream development efforts amid high oil prices and higher output of high value-added products such as aviation fuel and refining by-products. Net profit reached RMB26.567 billion, up 11.9%, with EPS of RMB0.22. In 1H26, oil and gas equivalent production amounted to 200 million barrels, up slightly by 0.3%. Domestic crude oil output reached 127 million barrels, up 0.7%, while natural gas production increased 0.7% to 741.57 billion cubic feet. For 2H26, the company plans to produce 142 million barrels of crude oil and 746.257 billion cubic feet of natural gas. Capital expenditure during the period totaled RMB48.7 billion. Planned capital expenditure for 2H26 is between RMB82.9 billion and RMB99.9 billion. (de/d)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |