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Published 12 days ago

CNOOC profit hits record 40b yuan

Summary by The Standard

Chinese national oil and gas explorer CNOOC's first-quarter net profit surged 24 percent to a record, driven by higher realized oil prices and output growth. Net income rose to 39.7 billion yuan (HK$42.74 billion) from 32.1 billion yuan a year ago, according to the company's filing with the Hong...

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CNOOC profit hits record 40b yuan

Chinese national oil and gas explorer CNOOC's first-quarter net profit surged 24 percent to a record, driven by higher realized oil prices and output growth. Net income rose to 39.7 billion yuan (HK$42.74 billion) from 32.1 billion yuan a year ago, according to the company's filing with the Hong...

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