{
China Petroleum & Chemical Corporation

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}

sinopec reports significant profit decline amid economic challenges and electrification shift

Sinopec, China's largest oil refiner, reported a significant decline in third-quarter profits, with net earnings dropping to 8.03 billion yuan ($1.1 billion) from 17.9 billion yuan a year earlier. The company faces mounting challenges due to the country's economic struggles and the shift towards electrified transportation.
Bloomberg.com
Chinese Yuan China Petroleum & Chemical Corporation CHN
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10:23 28.10.2024
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