CNOOC Maintains Steady Capital Spending Following Historic Production Levels
5 months ago
In a significant announcement, China National Offshore Oil Corporation (CNOOC) has declared its intention to keep its capital expenditure (capex) flat for the upcoming fiscal year. This decision comes on the heels of the company achieving its sixth consecutive year of record production levels, solidifying its position as a leading player in the global energy market.
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CNOOC Reports Profit Surge Amid Expanded Oil Production Despite Demand Dip
7 months ago
In a recent financial disclosure, China National Offshore Oil Corporation (CNOOC) has announced a significant increase in its profits, buoyed by a robust expansion in oil output that has successfully counterbalanced a notable decline in global demand. The company’s results reflect a growing resilience in the face of fluctuating market conditions.
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