High Fuel Prices Drive Record Profits For Chinese Oil Giants ...Middle East

OILPRICE - Economy
High Fuel Prices Drive Record Profits For Chinese Oil Giants
China’s state oil majors reported record profits for the first half of the year thanks to a rally in fuel prices, Bloomberg has reported, citing figures for PetroChina, Sinopec, and CNOOC. The profits of PetroChina and CNOOC combined hit $21.58 billion for the period, Chinese media reported, noting the number was close to the two companies’ total earnings for 2021. CNOOC’s profit alone was almost twice as high as its profit for the first half of 2021, at $10.5 billion. Sinopec reported a 10-percent increase in first-half profits,…

Hence then, the article about high fuel prices drive record profits for chinese oil giants was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( High Fuel Prices Drive Record Profits For Chinese Oil Giants )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Economy


Latest News
before 3 hours & 58 minute