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The Chinese giant CNOOC sees excellent profits from oil with +11.4% - Economic Scenarios

Summary by Vogon Today
Chinese state oil and gas giant CNOOC reported an 11.4% increase in net profit for 2024 on Thursday, as record oil and gas production offset weakening energy commodity prices. CNOOC, which specializes in offshore oil and gas development in China and internationally, reported net profit of $19 billion (137.9 billion Chinese yuan) for 2024, up 11.4% from a year earlier, as production hit another record last year. CNOOC's net oil and gas production…
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The Chinese giant CNOOC sees excellent profits from oil with +11.4% - Economic Scenarios

Chinese state oil and gas giant CNOOC reported an 11.4% increase in net profit for 2024 on Thursday, as record oil and gas production offset weakening energy commodity prices. CNOOC, which specializes in offshore oil and gas development in China and internationally, reported net profit of $19 billion (137.9 billion Chinese yuan) for 2024, up 11.4% from a year earlier, as production hit another record last year. CNOOC's net oil and gas production…

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Vogon Today broke the news in on Friday, March 28, 2025.
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