Sinopec’s Q3 Profit Jumps 57% YoY on Higher Oil Prices, Refining Margins

China Petroleum and Chemical Corporation (Sinopec) has reported a 57.2% year-on-year (YoY) increase in its net profit during the third quarter (Q3) of 2026, as stronger refining margins and higher crude oil prices offset weaker fuel demand, Reuters reported on October 29. Sinopec posted net income of 13.36 billion yuan ($2.01 billion) for July-September, while […] The post Sinopec’s Q3 Profit Jumps 57% YoY on Higher Oil Prices, Refining Margins first appeared on Egypt Oil & Gas.