Plus   Neg

CNOOC H1 Oil And Gas Production Up 6.1% - Quick Facts

CNOOC Limited (CEO, CNU.TO) reported oil and gas sales revenue of RMB 66.34 billion, and net profit of RMB 10.38 billion, for the half year period. Oil and gas production was 257.9 million BOE, an increase of 6.1% year-over-year. A total of 5 discoveries were made, and 20 oil and gas bearing structures were successfully appraised.

Wang Dongjin, Chairman of CNOOC, said "Due to the stringent management and control measures, as well as the extraordinary efforts of all employees, the company has delivered a better-than-expected operating results in the first half of the year."

The Board of Directors has declared an interim dividend of HK$0.20 per share for the first half of 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
After providing free and discounted rides to the polls on Election Day, Lyft is now set to support voters with discounted rides to the polls for the federal runoff races in Louisiana and Georgia. They also provided similar rides during the primary season. The ride-sharing company is continuing its Voting Access Program to provide affordable transportation to voters in need. Discount retailer Dollar General Corp. and supermarket chain Kroger Co. on Thursday reported sharp increases in their quarterly profits on higher sales. While Dollar General's results trounced analysts' estimates, Kroger's earnings beat expectations while revenue fell short. Dollar General's profit for the third quarter surged 57 percent from last year. On January 4, 2021, Discovery plans to launch its new standalone streaming service called Discovery+ which will also offer exclusive streaming access to the BBC's award-winning natural history shows like Planet Earth, Blue Planet, and Frozen Planet. The channel is expected to offer the largest content of real-life entertainment provided by any streaming platform at launch.
Follow RTT