Chemical Week Magazine :: Business & Finance :: Asia/Pacific
Sinopec and PetroChina Report Mixed Results
5:57 AM MDT | April 6, 2012 | —Deepti Ramesh
The chemicals segment of Sinopec, and the refining and chemicals business of PetroChina, reported mixed financial results for full-year 2011. Fourth-quarter results were not disclosed. Sinopec’s chemicals segment posted a 28.3% increase in revenues for 2011 compared with 2010, to Rmb420.5 billion ($66.7 billion). The segment’s operating profits increased 78%, to Rmb26.7 billion. PetroChina’s refining and chemicals business reported an operating loss of Rmb61.8 billion for 2011, compared with an operating profit of Rmb7.8 billion in 2010. The...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee