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Home>Cnooc Manages to Book Annual Profit Amid Cost Cutting

Cnooc Manages to Book Annual Profit Amid Cost Cutting

3party Content

Thu, 23 Mar 2017

By Brian Spegele BEIJING--Chinese offshore oil explorer Cnooc Ltd. (0883.HK) said it eked out a 637 million ($92.5 million) yuan net profit last year, staving off its first annual loss through aggressive cost cutting. Cnooc said it earned 46.49 billion yuan in revenue, down 14.6% versus a year

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