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China Petroleum and Chemical Corp, also known as Sinopec, announced on Thursday its net profit during the first three quarters reached 60.755 billion yuan ($9.5 billion), up 148.5 percent year-on-year. The company"s operating income in the first three quarters reached 2 trillion yuan, up 29 percent year-on-year. Net profit attributable to equity shareholders of the company reached 59.89 billion yuan, it said. During the first three quarters, the company achieved good performance in operation and profitability. Oil and gas production, refinery throughput, total domestic sales volume of refined oil products and total chemical products sales volume recorded year-on-year increase. Operating

A construction site by Chinese property developer Kaisa Group is seen at an area of downtown Shanghai, February 17, 2015. REUTERS/Carlos BarriaHONG KONG, Oct 28 (Reuters) - Chinese developers took a drubbing on Thursday, with shares and bonds falling, creditors seizing assets and rating agencies distributing more downgrades, ahead of a final debt payment deadline for China Evergrande Group on Friday.Shares of Kaisa Group (1638.HK) were hardest-hit, losing nearly a fifth of their value on Thursday after rating agency downgrades that highlighted the company's limited access to funding and significant U.S. dollar debt obligations.Kaisa's shares fell by as much as

CNOOC Limited announced on Thursday it has achieved a total net production of 144.1 million barrels of oil equivalent for the third quarter of 2021, representing an increase of 9.9 percent year-on-year. Production from China increased 13.0 percent year-on-year to 100.1 million barrels of oil equivalent, mainly attributable to production growth from the commencement of new projects including the Caofeidian 6-4 oilfield, the Luda 21-2 oilfield and production growth from onshore unconventional gas fields. Overseas production increased by 3.2 percent year-over-year to 43.9 million barrels of oil equivalent, it said. "During the quarter, the company has made steady progress in