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Net profit of Sinopec, the Chinese oil and gas company with a high share of state capital, grew by 22.04% in 2018. The company received $9.18 billion last year, Sinopec representatives say. Earnings per share rose to $0.08 versus $0.06 in 2017. Operating profit increased by 22.09% to $424 billion. The company increased its oil and gas production by 0.6% in 2018. Sinopec production exceeded 451 million barrels of petroleum products, 64% of which came from oil production. The company is engaged in exploration, processing and transportation of oil, production of mineral fertilizers and petrochemicals. Sinopec is the largest Chinese integrated energy company.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
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