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CNOOC Posts Record Profit as China Pumps More Oil at Home
Net profit rose 23.4% to a record 85.8 billion yuan as higher oil prices and output lifted sales and production.
Summary by Oil Price
7 Articles
7 Articles
China’s biggest offshore oil and gas driller said its first-half profits rose due a surge in global energy prices.
·New York, United States
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CNOOC Posts Record Profit as China Pumps More Oil at Home
China’s push to squeeze more oil and gas from home is paying off just as imported energy becomes more geopolitically complicated. CNOOC posted record first-half profit and production on Wednesday, helped by higher oil prices following the Iran war and continued growth from its offshore fields. Net profit attributable to shareholders jumped 23.4% from a year earlier to 85.8 billion yuan, or about $12.9 billion. Oil and gas sales revenue climbed 2…
·New York, United States
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Coverage Details
Total News Sources7
Leaning Left0Leaning Right1Center5Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
C 83%
R 17%
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