Does Guangzhou Petroleum Company make money?

Guangzhou Petroleum Company makes money. According to official website's inquiry, Guangzhou Petroleum Company, whose full name is Guangdong Petroleum Branch of China Petrochemical Co., Ltd., is one of the subsidiaries of China Petrochemical Company, mainly engaged in the exploitation, refining and sales of petrochemical products. The following are some information about the company's profit: China Petrochemical achieved an operating income of 2.97 trillion RMB in 20 19, up by 7.3% year-on-year; The net profit was 85.822 billion yuan, a year-on-year increase of 7.8%. The specific performance of Guangdong Petroleum Branch was not disclosed separately. However, it can be seen that China Petrochemical Company has achieved good economic benefits as a whole, and Guangdong Petroleum Branch, as one of the subsidiaries, its profitability should also be affected by the overall economic benefits of its parent company. It should be pointed out that the oil industry is a capital-intensive industry greatly influenced by the international economic environment. With the fluctuation of oil price and the change of market competition, the profits of oil companies will also be greatly affected. Therefore, for the specific profitability of Guangzhou Petroleum Company, we need to further understand the specific operating conditions and market environment of the company.