Upstream profit for the second half is expected to improve as oil prices are expected to gain from the reduction in global inventories. Photo: Reuters Upstream profit for the second half is expected to improve as oil prices are expected to gain from the reduction in global inventories. Photo: Reuters
Upstream profit for the second half is expected to improve as oil prices are expected to gain from the reduction in global inventories. Photo: Reuters

Chinese oil firms tipped to post steep plunge in interim profits

Lower oil and gas prices, output cuts continue to weigh heavily on bottom lines

Topic |   Hong Kong company reporting season
Upstream profit for the second half is expected to improve as oil prices are expected to gain from the reduction in global inventories. Photo: Reuters Upstream profit for the second half is expected to improve as oil prices are expected to gain from the reduction in global inventories. Photo: Reuters
Upstream profit for the second half is expected to improve as oil prices are expected to gain from the reduction in global inventories. Photo: Reuters
READ FULL ARTICLE