Sinopec Reports 2025 Annual Results with 81% Payout Ratio and Plans New Share Repurchase

China Petroleum & Chemical Corporation (Sinopec) announced its 2025 annual results, noting a GDP growth of 5.0% in China. The company achieved a record oil and gas output of 525.28 million barrels of oil equivalent, up 1.9% year-on-year. Despite challenges from fluctuating crude oil prices, Sinopec reported an operating profit of RMB45.5 billion in the natural gas segment. The company plans capital expenditure of RMB147.2 billion for 2026, focusing on exploration, production, refining, and chemicals, with a commitment to safety and environmental protection.

Published Mar 22, 2026

Sinopec reported a 2025 oil and gas output of 525.28 million barrels of oil equivalent, a 1.9% increase year-on-year. Domestic crude oil production was 255.75 million barrels, and natural gas production reached 1,456.6 billion cubic feet.

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The company faced declining crude oil prices but managed an operating profit of RMB45.5 billion in the natural gas segment. Capital expenditure for 2026 is projected at RMB131.6 to RMB148.6 billion, focusing on exploration and production, refining, and chemical sectors. Sinopec aims to enhance profitability and efficiency through strategic initiatives and innovation.