China’s CNOOC H1 earnings rise 19% on stronger oil, gas sales

Singapore/Beijing — China’s national offshore producer CNOOC Ltd said on Thursday first-half profit rose nearly 19% from a year earlier, as higher sales of oil and gas offset weaker global oil prices. Net profit at the listed arm of state-owned China National Offshore Oil Corp was 30.25 billion yuan ($4.26 billion) in the six month […] More »