Guangzhou (JLC), March 24, 2026--Sinopec's net profit attributable to its shareholders slumped by 36.8% year on year in 2025 amid lower crude prices, softer fuel demand, and weaker chemical margins, according to the company’s latest released annual report.
Its net profit came in at CNY31.81 billion in 2025, down from CNY50.31 billion in 2024, data prepared in accordance with Chinese Accounting Standards (CAS) showed.
Meanwhile, the company's revenue fell by 9.5% year on year to CNY2.78 trillion.
Production and sales in 2025
Sinopec processed about 250.33 million mt of crude oil in 2025, a slip of 0.8% from 2024.
Its combined output of gasoline, diesel, and kerosene went down by 3.0% year on year, the data indicates. Specifically, the company boosted its production of kerosene by 7.3% to 33.71 million mt, while reducing that of gasoline and diesel by 2.4% and 9.1%, respectively, to 62.61 million mt and 52.64 million mt.
In 2025, the company sold 229.02 million mt of oil products, a decline of 4.3% from the year before.
At the same time, Sinopec's oil and gas production amounted to 525.28 million barrels of oil equivalent, up 1.9% year on year. Its crude output edged up by 0.2% to 282.40 million barrels, while natural gas output moved up by 4.0% to 1.46 trillion cubic feet.
Targets for 2026
Sinopec set its crude throughput target for 2026 at 250 million mt, roughly stable from the actual crude runs in 2025, the data also shows.
It aims to produce 280.91 million barrels of crude oil, 1.47 trillion cubic feet of natural gas, 148 million mt of oil products, and 15.80 million mt of ethylene this year.
In the meantime, the company intends to sell 170 million mt of oil products domestically.
