China Petroleum & Chemical reports 1H results; gives full- year outlook
China Petroleum & Chemical reported H1 2026 revenue of RMB 1.44 trillion (+2.0% YoY) and net profit attributable to shareholders of RMB 25.627 billion (+19.3% YoY). The board approved an interim dividend of RMB 0.105 per share. For the second half, the company plans to produce 141.83 million barrels of crude oil and process 113 million tonnes of crude oil, with capital expenditure projected between RMB 82.9 billion and RMB 99.9 billion.
