# Sinopec Third-Quarter Profit Jumps 64% as Oil Prices Climb

- Source: OilPrice.com
- Published: 2026-10-29T16:30:00+00:00
- Category: Markets
- Original: https://oilprice.com/Latest-Energy-News/World-News/Sinopec-Third-Quarter-Profit-Jumps-64-as-Oil-Prices-Climb.html
- Canonical: https://groundlevelnews.com/story/sinopec-third-quarter-profit-jumps-64-as-oil-prices-climb-844caa/

Higher oil prices helped raise Sinopec’s third-quarter earnings by 64% from a year earlier, even as China’s top refiner couldn’t fully capture the record-high global refining margins. China Petroleum & Chemical Corporation, as Sinopec is officially known, said on Thursday that its profit attributable to the shareholders of the company surged by 63.6% on the year to $2 billion (13.6 billion Chinese

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