sinopec-1024BEIJING: China Petroleum and Chemical Corp on Sunday reported that 2016 net profit rose 44 percent to 46.4 billion yuan ($6.74 billion) from 32.3 billion in 2015.

The company, known as Sinopec, said operating income last year was 1.93 trillion yuan ($280.51 billion), down from 2.02 trillion yuan the previous year.

Oil and gas production came to 431.29 million barrels of oil equivalent (BOE), versus 471.91 million a year earlier. Refinery throughput fell 0.4 percent, the company said in a statement to the Shanghai Stock Exchange.

Copyright Reuters, 2017 

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