SINOPEC CORP (00386) has announced its financial results for the year ended December 31, 2025. The company reported operating revenue of 2,783.583 billion yuan, a decrease of 9.5% compared to the previous year. Net profit attributable to equity shareholders was 31.809 billion yuan, reflecting a 36.8% year-on-year decline. Basic earnings per share stood at 0.262 yuan. The board has proposed a final cash dividend of 0.112 yuan per share, inclusive of tax.
The company's primary business revenue for 2025 amounted to 2,726.5 billion yuan, down 9.6% from the prior year. This decrease was primarily attributed to lower prices for petroleum and petrochemical products, as well as a decline in sales volume of refined oil products. The majority of the crude oil and a small portion of the natural gas produced by the company are utilized in its refining, chemical, and vehicle natural gas sales operations, with the remainder sold to external customers.
In 2025, revenue from the external sales of crude oil, natural gas, and other upstream products was 157.9 billion yuan, accounting for 5.7% of the company's total operating revenue and representing a 10.2% year-on-year decrease. This was mainly due to lower crude oil prices and a reduction in external sales volume.
Revenue from external sales of petroleum products by the company's Refining Division and Marketing & Distribution Division reached 1,616.9 billion yuan, which constituted 58.1% of total operating revenue and marked an 11.7% decrease compared to the previous year. The decline was primarily a result of lower volumes and prices for products such as gasoline and diesel. Sales revenue from gasoline, diesel, and kerosene totaled 1,339.0 billion yuan, accounting for 82.8% of petroleum product sales revenue and decreasing by 12.4% year-on-year. Revenue from other refined petroleum products was 277.9 billion yuan, making up 17.2% of petroleum product sales revenue and declining by 8.4%.
External sales revenue from chemical products in 2025 was 378.0 billion yuan, representing 13.6% of the company's total operating revenue and decreasing by 9.6% year-on-year. This was chiefly due to a drop in product prices compared to the previous year.