Sinopec Posts Record Profit

The video discusses the company's financial performance, focusing on operating profit in refining despite high raw material costs due to a clean fuel premium. It highlights the alignment with China's environmental policies to improve air quality. The company has reduced upstream losses significantly, nearing break-even for the first time since 2014. Capital expenditure is low in the first half, with 80% of the budget remaining for the second half, drawing market attention.

What was the company's upstream losses, and how does it compare to previous years?

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What does the text suggest about the company's capital expenditure (cap ex) spending?

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