BUSINESS Sinopec's net profit up 114 pct in 2021


Sinopec's net profit up 114 pct in 2021


18:35, March 27, 2022

BEIJING, March 27 (Xinhua) -- China Petroleum & Chemical Corporation (Sinopec), the country's largest oil refiner, said its net profit rose 114 percent in 2021 from the previous year.

File photo: Agencies

The net profit attributable to shareholders of the parent company stood at 71.21 billion yuan (11.18 billion US dollars) in 2021, the company said on Sunday.

Its operating revenue reached 2.74 trillion yuan last year, up 30.2 percent year on year.

The domestic crude oil output was 35.15 million tonnes last year, the overseas crude oil output was 4.18 million tonnes, and the natural gas output was 33.97 billion cubic meters.

The company's total sales volume of refined oil was 221 million tonnes last year. Its annual ethylene output was 13.38 million tonnes, a year-on-year increase of 10.9 percent.

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