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Sinopec Oil Production Down 9.3% in Q1
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China Petroleum & Chemical Corporation has announced its unaudited results for the three months ended 31 March 2016.
Financial Highlights： In accordance with the International Financial Reporting Standards (IFRS), the Company's operating profit was RMB 13.06 billion, up by 153.4% year-on-year. Profit for the period was RMB 9.56 billion, increased by 267.7% year-on-year. Net profit attributable to owners of the Company was RMB 6.66 billion, increased by 206.8% year-on-year. Basic earnings per share (EPS) were RMB 0.055. Exploration and Production: In exploration, the Company actively carried forward high-efficiency exploration activities, making a number of discoveries in Sichuan Basin, Ordos Basin, and Central Tahe Basin. In terms of development, the Company achieved steady progress…- ✓ Full news archive — U.S., Canada & international coverage
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