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China's third largest national oil and gas company, CNOOC, reported that in 2018 its net profit was 52 billion 690 million yuan, which is 2.1 times higher than in 2017. The growth rate contributed to a significant increase in gas production, while the volume of oil production decreased. The revenue of 227 billion yuan was the highest in the last 3 years, rising by 22%. The company increased hydrocarbon sales by 22.4% to 185 billion 870 million yuan. Total oil and gas production reached 475 million barrels of oil equivalent. At the same time, the company recorded a decline in oil production by 1.3% and an increase in gas production by 12%. The sale price of oil on average rose by 27.7% to 67 dollars 22 cents per barrel. The average price of natural gas rose by 9.8% to $6.41 cent per thousand cubic feet.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
KYC Policy