Sinopec maintains a stable and liquid balance sheet in order to retain flexibility. The firm's EBITDA covered its interest expense by 10 times in 2024, with net gearing ratio of 0.19 times at end-2024 ...

Spurred by past government calls to invest overseas, Chinese oil companies at times overpaid for assets that have ...

(Bloomberg) -- Sinopec’s full-year profit tumbled 16% amid sluggish demand, with China’s oil consumption likely nearing a peak.

Sinopec (SPTJF) reports a 16% profit drop in 2024 amid weakening oil demand, energy market shifts and rising EV adoption.

An International Seaways suezmax is the latest to help diversify sources of crude imports for the massive new Dangote ...

Based on recent changes in international oil prices and in accordance with the prevailing refined oil pricing mechanism, the ...

China has reopened its voluntary carbon credit market after eight years. This has caused sharp price swings. A Bloomberg ...

In the future, India will play a larger role in Africa.

Chevron has purchased a 4.99% stake in Hess Corp for $3.2 billion, expressing confidence that its planned acquisition will ...

Chevron (NYSE:CVX) has acquired 4.99% of Hess Corp (NYSE:HES) shares this year, reinforcing its confidence in completing the ...

CNOOC Ltd. started production at the Caofeidian 6-4 Oilfield Comprehensive Adjustment and Wenchang 19-1 Oilfield Phase II Projects.

The $2.3 billion purchase reflects the company's "continuing confidence" in closing a $53 billion deal, Chevron said.