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Sinopec's 2025 net profit fell 36.8% to 31.8 billion yuan amid weak petrochemical margins and rising green energy competition.
Sinopec reported a 36.8% drop in 2025 net profit to 31.8 billion yuan, citing weak petrochemical margins and rising competition from new energy sources.
Refinery throughput declined 0.8% to 250.33 million metric tons, with gasoline and diesel production down 2.4% and 9.1%, respectively, while kerosene output rose 7.3%.
Despite a 27 yuan per ton increase in refining gross margin, sales volumes and prices for key fuels fell.
Domestic crude oil output rose 0.7% to 255.75 million barrels, natural gas production increased 4% to 1.46 trillion cubic feet, and ethylene output jumped 13.5%.
Chemical sales revenue dropped 9.6% due to lower prices.
Capital spending reached 147.2 billion yuan in 2025, with 2026 plans ranging from 131.6 to 148.6 billion yuan, focusing on crude oil, natural gas, and infrastructure projects.
El beneficio neto de Sinopec en 2025 cayó un 36.8% a 31.800 millones de yuanes en medio de débiles márgenes petroquímicos y creciente competencia de energía verde.