novel coronavirus pneumonia epidemic spread worldwide, international oil prices plummeted, global economy suffered huge impact, weak market demand, and all kinds of risks interweave and superimpose, making “two barrels of oil” performance in the first half of the year bleak. A few days ago, the semi annual report released by Sinopec (China Petrochemical Corporation) showed that in the first half of the year, Sinopec realized a turnover and other operating income of 1.03 trillion yuan, a year-on-year decrease of 31%; the net loss attributable to the shareholders of the parent company was 22.882 billion yuan, a decrease of 54.2 billion yuan on a year-on-year basis. According to the financial report, Sinopec’s revenue in the first half of the year was 1034.246 billion yuan, a year-on-year decrease of 31%; the net profit was a loss of 22.882 billion yuan, which was 31.338 billion yuan in the same period of last year. Under the influence of the epidemic situation, the demand for petroleum and petrochemical industry decreased. Meanwhile, in the process of crude oil price falling, the inventory loss of raw materials and finished products was large, and the refining gross profit was significantly narrowed to – 13 yuan / ton, with a year-on-year decrease of 395 yuan / ton, resulting in an operating loss of 31.7 billion yuan in the refining business. Looking forward to the second half of the year, Sinopec said that the international economic situation is grim and complex, and the instability and uncertainty are significantly increased. China has made significant strategic achievements in epidemic prevention and control, and its economic development has shown a stable and positive trend. It is expected that the demand for petroleum and petrochemical products will accelerate the recovery. Affected by various factors such as the epidemic situation and the international economic situation, it is expected that the international oil price will fluctuate at a low level. Previously, PetroChina’s semi annual report showed that the company’s operating revenue was 929.045 billion yuan, a year-on-year decrease of 22.3%; the net loss attributable to the parent company’s shareholders was 29.983 billion yuan, a year-on-year decrease of 205.5%, and a net profit of 28.420 billion yuan in the same period last year. In this regard, PetroChina said that due to the adverse impact of the sharp drop in international oil prices and the severe contraction of domestic oil and gas demand, the company’s production and operation has encountered unprecedented impact and challenges. Chinese version of K-car: reading a10e design drawing exposure