Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » China CNOOC’s Q3 net income up 89% on yr at $5.1 bln

    China CNOOC’s Q3 net income up 89% on yr at $5.1 bln

    October 28, 2022
    Share
    Facebook Twitter LinkedIn WhatsApp
    *CNOOC.

    Singapore — CNOOC Ltd’s third-quarter net profit soared by 89% from a year earlier to 36.9 billion yuan ($5.11 billion), driven by stronger oil and as prices, the Chinese offshore oil and gas major said on Thursday.

    Third-quarter revenue rose 54% on the year to 89.2 billion yuan and total net production rose 8.8% to 156.8 million barrels of oil equivalent (boe).

    Third-quarter capital spending rose by nearly 30% to 27.1 billion yuan, taking the total for the first nine months to 68.7 billion yuan, versus an annual budget of 90-100 billion.

    CNOOC said its realised oil prices increased 36% from a year earlier to $95.8 per barrel, while gas prices gained 15% to $8.15 per thousand cubic feet. ($1 = 7.2275 Chinese yuan renminbi) (Reporting by Chen Aizhu; editing by Barbara Lewis) – Reuters

    Follow us on twitter

    Related News

    Military busts 27 illegal refineries in Rivers, Bayelsa, others

    ‘OPEC oil output rises in May but compensation cuts limit hike’

    Chevron CEO warned staff of rising safety issues before fatal Angola platform fire

    Comments are closed.

    E-book
    Resilience Exhibition

    Latest News

    NDPHC launches 7.5MVA substation in Borno to boost power supply

    June 9, 2025

    Nigeria sends mining scholars to Australia for training

    June 9, 2025

    Shipping firms dodges $900m cost, as Nigeria hit by empty container glut

    June 9, 2025

    Military busts 27 illegal refineries in Rivers, Bayelsa, others

    June 9, 2025

    ‘OPEC oil output rises in May but compensation cuts limit hike’

    June 9, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.