Current CEO Stock Info

2017 CapEx between ¥60 billion and ¥70 billion
China National Offshore Oil Corporation (CNOOC) reported annual results on March 23, reporting net earnings of ¥637 million ($92.6 million). Total oil and gas revenue for 2016 was ¥121 billion, down 17% from ¥147 billion in 2015. CNOOC production dropped 4% to 476.9 MMBOE in 2016, the first production decrease in a decade.
OPEX down 38% since 2014
As a historically high-cost producer, CNOCC has been hit hard by the downturn. CNOOC has focused on cutting costs since 2014, and its efforts have yie...


Legal Notice