CNOOC half net profit of 18.9 billion yuan of profits among the first three national enterprises

Jinghua Shibao


-- (Zhang Yan) China National Offshore Oil Corporation announced yesterday, the company merged the first half net profit of 18.95 billion yuan, an increase of 35.2 percent.

The first half of the production of oil and gas company CNOOC equivalent 20.702 million tons, an increase of 2.4 percent, consolidated operating income reached 106.33 billion yuan, an increase of 48 percent; combined total profit of 41.37 billion yuan, an increase of 47.2 percent. Total profits rose to third in the national enterprises, accounting for a total profit of central rate of 9.3 percent.

Company official pointed out that international crude oil prices high in the upper reaches of industry to generate revenue, while its costs rising rapidly, and a tremendous pressure on the downstream industries. The merger of the first half of operating costs increased by 52.9 percent.