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CNOOC Limited ( (HK:0883) ) has shared an announcement.
CNOOC Limited reported a decrease in key financial metrics for the first quarter of 2025, with revenue and net profit showing declines of 4.1% and 7.9% respectively compared to the same period last year. Despite these declines, the company saw a growth in total assets and equity attributable to shareholders, indicating a stable financial position. The unaudited financial data, prepared under Chinese Accounting Standards, reflects the company’s ongoing commitment to transparency and accuracy in its financial reporting.
More about CNOOC Limited
CNOOC Limited is a major player in the oil and gas industry, primarily engaged in the exploration, development, production, and sale of crude oil and natural gas. The company operates in both domestic and international markets, focusing on sustainable energy solutions and technological advancements to enhance its market position.
Technical Sentiment Signal: Sell
Current Market Cap: €94.72B
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