HONG KONG -- China's major state oil companies are keeping up their dividend payments despite incurring large losses as the coronavirus pandemic undercut the prices and sale of their products.
Energy
Chinese oil producers pump cash back to Beijing despite losses
Sinopec and PetroChina post first red ink and cut capex but still pay dividends
Sinopec's revenues tumbled during the first half of 2020 as the coronavirus pandemic undermined demand for oil products. © Reuters
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