CNOOC reported that its first half net income to equity shareholders declined to RMB 69.5 billion from RMB 79.7 billion, prior year. Earnings per share was RMB 1.46 compared to RMB 1.68.
For the six months ended 30 June 2025, revenue declined to RMB 207.6 billion from RMB 226.8 billion. Oil and gas sales were RMB 171.7 billion, down 7%. In the first half of the year, net production was 384.6 million BOE, with an increase of 12.0% in natural gas production.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.