China’s oil giant CNOOC reports revenue, profit surges in H1

Published : August 29, 2022 , 2:03 am

Photo taken on May 12, 2021 shows the Deep Sea No.1 deep-water gas field, 150 kilometers off the city of Sanya in south China’s Hainan Province.

BEIJING, Broadcasting news corporation : The revenue of(CNOOC), a leading oil and gas producer in China, jumped 84 percent year on year in the first half of this year. The company raked in 202.36 billion yuan (29.55 billion U.S. dollars) of operating revenue during the period, according to a statement filed with the Shanghai Stock Exchange. Net profit attributable to shareholders of the listed company was 71.89 billion yuan, soaring 116 percent from the same period last year. CNOOC attributed the sound performance to its efforts in increasing storage and production, as well as promoting major projects, scientific and technological innovations and green development. NEWS COLLECTED FROM XINHUA NEWS.