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CNOOC's net profit in the first three quarters is expected to jump sharply

 Last Update: 2022-10-25
 Source: Internet
 Author: User

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Recently, CNOOC disclosed its performance forecast for the first three quarters, and it is expected to achieve a net profit of 107.
8 billion ~ 109.
8 billion yuan, a year-on-year increase of 104%~108%; Non-net profit was 106.
3 billion ~ 108.
3 billion yuan, a year-on-year increase of 106% ~ 110%.

As for the reasons for the expected increase in performance, CNOOC said that in the first three quarters, the company seized the favorable opportunity of rising oil prices, continued to increase exploration and development, increased reserves and production, improved quality and efficiency and achieved positive results, oil and gas production hit a record high in the same period, cost competitive advantages were further consolidated, and the level of profitability increased
significantly year-on-year.

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