摘要
China's big-three oil companies-Petro China, Sinopec Corp. and CNOOC Ltd.-see mixed net profits in the first quarter of 2013. China's largest oil refiner Sinopec saw net profits return to strong
China＇s big-three oil companies PetroChina, Sinopec Corp. and CNOOC Ltd. see mixed net profits in the first quarter of 2013. China＇s largest oil refiner Sinopec saw net profits return to strong growth in the first quarter of 2013, while the country＇s top oil and gas producer PetroChina reported a decline in profits. Analysts attributed the perlbrmances to a retail gasoline and diesel price hike and lower crude oil prices, which made the refinery business more profitable but weighed on prospecting and extracting operations.
