CNOOC Limited (CEO) reported first-quarter total net production of 93.6 million barrels of oil equivalent, representing 17.3% increase year over year, primarily attributable to the production contribution from the acquisition of Nexen Inc., the new oil and gas projects on stream, the resumption of Penglai 19-3 oil field and the overseas projects. Oil and gas sales revenue was approximately RMB 55.31 billion, an increase of 13.3% from last year.
The company's capital expenditure for exploration, development and production reached approximately RMB 14.80 billion for the period, an increase of 53.5% from prior year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.