Sinopec net income rises to 17.7 billion yuan in first quarter

11 articles · Updated · Bloomberg · Apr 28

China’s largest oil refiner reported a Q1 net income of $2.6 billion, up from nearly 14 billion yuan last year.
The profit increase is attributed to higher crude prices driven by the ongoing war in the Middle East.
Sinopec’s financial performance reflects the broader impact of geopolitical tensions on global energy markets and commodity prices.

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