China Petroleum & Chemical Corp Class A

600028: XSHG (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Sinopec Earnings: Refining Outperforms Expectations, but Near-Term Challenges Persist

Chokwai Lee

Oct 30, 2026

Sinopec's cumulative nine-month net profit rose 25% year on year. Notably, the refining segment returned to profitability in the third quarter, generating operating profit of HKD 12 billion versus a HKD 2 billion loss in the second quarter.

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China Petroleum & Chemical Corp Class A

Sinopec Earnings: Refining Outperforms Expectations, but Near-Term Challenges Persist

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