CNOOC Profit Rises 16.8% as Output Hits Record 593.7M BOE
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HONG KONG – October 30, 2026 -- CNOOC Limited's net profit attributable to equity shareholders rose 16.8% year-on-year to RMB 119.12 billion in the first three quarters of 2026, while net oil and gas production climbed 2.7% to a record 593.7 million barrels of oil equivalent (BOE) for the period.
Oil and gas sales revenue grows 19.5% to RMB 305.35 billion
Unaudited oil and gas sales revenue reached RMB 305.35 billion, outpacing the 2.7% production gain. Capital expenditures totaled approximately RMB 89.9 billion, and the company said all spending was implemented as planned. Safety and environmental performance remained generally stable and under control, according to the company.