Sinopec Q3 IFRS Profit Rises 63.6% as Nine-Month Fuel Demand Falls

China Petroleum & Chemical Corporation, known as Sinopec, posted third-quarter profit attributable to shareholders of 13.60 billion yuan under International Financial Reporting Standards (IFRS), up 63.6% from a year earlier, even as fuel demand and crude processing declined over the first nine months of 2026. For the July-September quarter, revenue rose 9.3% to 769.735 billion yuan. Under a separate presentation using Chinese accounting standards, profit increased 57.2% to 13.361 billion yuan from 8.501 billion yuan a year earlier. The two profit growth rates reflect different accounting standards.

Source: TokenPost