An announcement from CNOOC Limited ( (HK:0883) ) is now available.
CNOOC Limited reported record highs in reserves and production for 2024, driven by strategic exploration and development efforts, including 11 new oil and gas discoveries. The company achieved significant growth in production, expanded its global operations, and maintained strong cost competitiveness, resulting in substantial operating revenues and net profits. CNOOC also emphasized its commitment to green and low-carbon development, making strides in offshore wind power and CCS/CCUS industrialization, while maintaining a focus on shareholder returns and corporate governance.
More about CNOOC Limited
CNOOC Limited is a major player in the oil and gas industry, focusing on exploration and production. The company is known for its large-scale discoveries and efficient reserve management, with a strong emphasis on innovation and green transition strategies.
Technical Sentiment Signal: Strong Sell
Current Market Cap: €107.8B
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