China Petroleum & Chemical Corporation reported first-half 2026 profit attributable to shareholders of RMB 26.567 billion, up 11.9% year-on-year, with total revenue rising 2.0% to RMB 1.44 trillion. The company declared an interim cash dividend of RMB 0.105 per share and commenced a new round of share repurchases. Oil and gas output reached approximately 263 million barrels of oil equivalent, up 0.3%, while refinery throughput was 113 million tonnes and total refined oil products sales were 101 million tonnes. The refining segment's operating profit surged 381.5% to RMB 17.0 billion, but the marketing and distribution segment's operating profit fell 28.6% to RMB 5.7 billion, and the chemicals segment narrowed its operating loss to RMB 0.2 billion from RMB 4.2 billion a year earlier.
China Petroleum & Chemical Corp Class AFirst-half profit rose 11.9% to RMB 26.567 billion, with a dividend and share repurchase announced.
