China Petroleum & Chemical Corporation (Sinopec Corp.) released preliminary operational statistics for the first half of 2026, highlighting a modest uptick in upstream production against broad-based declines in refining throughput, petrochemical output and domestic fuel sales. The figures are subject to confirmation in the forthcoming interim report.

Upstream • Total oil and gas output reached 263.48 million barrels of oil equivalent, a year-on-year rise of 0.30%. • Crude oil production remained essentially flat at 139.88 million barrels. Domestic output gained 0.70% to 127.68 million barrels, while overseas volumes fell 8.30% to 12.20 million barrels. • Natural gas production increased 0.70% to 741.57 billion cubic feet.

Refining • Refinery throughput declined 5.60% to 113.31 million tonnes. • Key refined products posted simultaneous drops: gasoline 30.17 million tonnes (-2.00%), diesel 23.46 million tonnes (-3.30%) and jet fuel 15.53 million tonnes (-4.90%). • Light chemical feedstock contracted 15.20% to 18.71 million tonnes.

Petrochemicals • Ethylene output decreased 15.50% to 6.39 million tonnes. • Synthetic resins fell 16.60% to 9.21 million tonnes; synthetic fibres slipped 3.20% to 0.58 million tonnes; synthetic rubbers dropped 17.00% to 0.67 million tonnes.

Marketing • Domestic refined-oil product sales totalled 79.00 million tonnes, down 9.20% year-on-year. – Retail sales stood at 49.71 million tonnes (-8.80%). – Direct-sales and distribution volumes were 29.29 million tonnes (-9.90%).

Management noted that the disclosed statistics are based on internal surveys and the definitive data will be provided in the company’s interim report.