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

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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
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