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Reading: China’s CNOOC reports double-digit rise in 2024 profit as production jumps

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China’s CNOOC reports double-digit rise in 2024 profit as production jumps

Last updated: March 27, 2025 9:18 am

By MT HANNACH

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Oil and wind pumps during sunset. — Torsten asmus

Cnooc of China (OTCPK: CEOHF) Thursday, net income increased to RMB137.9 billion ($ 19 billion) in 2024, up 11.4% in annual shift.
The company’s oil and gas sales were RMB355.6 billion.
The all-in cost was $ 28.52 by BOE, a decrease of 1.1% compared to one year