Sinopec Posts First Half-Year Loss as Virus, Prices Hit Earnings
A China Petroleum & Chemical Corp. (Sinopec) gas station in Hong Kong.
Photographer: Vivek Prakash/BloombergThis article is for subscribers only.
Sinopec posted its first-ever loss over a half-year as pandemic lockdowns and the oil price crash continue to weigh on oil giant earnings even as the country’s economy recovers.