CNOOC hits a new Q3 profit record with a stunning 9% increase—despite shrinking revenue
China National Offshore Oil Corporation (CNOOC) delivered a record-breaking net profit of CNY36.92 billion ($5.17 billion) in Q3 2024, marking a 9% increase compared to the same quarter in 2023. The company’s focus on production growth, combined with cost efficiency, allowed it to boost profit despite an unexpected 13.5% revenue drop, which stood at CNY99.25 […]
