Sinopec Reports 19% Profit Jump in H1 2026 Despite Middle East Crisis
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Sinopec, a major Chinese oil and gas company, has reported a 19.3% year-on-year increase in its half-year profit for 2026. This growth comes despite the ongoing crisis in the Middle East, which has had significant impacts on global oil prices and markets. The company attributed its strong performance to increased domestic demand and cost-cutting measures.
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