---
title: "Sinopec H1 Profit Climbs On Higher Oil Prices; Stock Up"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296739258.md"
description: "Sinopec reported a 19.3% year-over-year increase in H1 net profit to RMB25.627 billion, driven by higher crude oil prices boosting revenues. The company's stock rose approximately 4.43% in Hong Kong. Sinopec announced an interim dividend of RMB0.105 per share and outlined production plans for the second half, including processing 113 million tonnes of crude oil."
datetime: "2026-08-24T05:20:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296739258.md)
  - [en](https://longbridge.com/en/news/296739258.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296739258.md)
generator: "portal-rs"
---

# Sinopec H1 Profit Climbs On Higher Oil Prices; Stock Up

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China Petroleum & Chemical Corp., or Sinopec Group (SNPMF.OB,0386.HK,600028.SS) reported higher first-half profit, as revenues were benefited mainly by the increased prices of petroleum and petrochemical products driven by rising crude oil  
prices.

In Hong Kong, the shares were gaining around 4.43 percent, trading at HK$4.600.

Looking ahead, the company said the domestic demand for natural gas is projected to rise, while demand for chemical products will remain weak, and that for refined oil products will still be affected by alternative energy.

For the second half, Sinopec plans to produce 141.83 million barrels of crude oil and 746.257 billion cubic feet of natural gas in exploration and production operations. In refining, the company plans to process 113 million tonnes of crude oil.

In the first half, net profit attributable to shareholders reached RMB25.627 billion, up 19.3 percent from RMB21.483 billion in the prior year. Earnings per share increased 19.8 percent to RMB0.212 from RMB0.177 a year ago. representing a gain.

Adjusted net profit was RMB25.273 billion, compared to RMB21.215 billion a year ago, a 19.1 percent increase. Basic adjusted earnings per share improved to RMB0.209 from RMB0.175 in the prior year.

Profit before taxation climbed 27.4 percent to RMB36.644 billion from RMB28.767 billion last year. 

Revenue totaled RMB1.437 trillion, up 2.0 percent from RMB1.409 trillion last year. Revenue from primary business operations rose 2.1 percent to RMB1.409 trillion from RMB1.380 trillion a year ago.

In the first half of the year, the company's oil and gas equivalent production reached 263.47 million barrels, up 0.3% year -over-year.

Further, the integrated energy and chemicals company announced an interim dividend of RMB0.105 per share for the six months ended June 30. The dividend will be distributed on or before October 14 to all shareholders on the record on September 29 in cash.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com. 

For comments and feedback contact: editorial@rttnews.com

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**