CNOOC Ltd

00883: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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CNOOC Earnings: Higher Production and Strict Cost Controls to Mitigate Impact of Lower Oil Prices

Chokwai Lee

Apr 30, 2025

CNOOC's first-quarter net profit declined by 8% year on year due to an 8% drop in the average realized oil selling price. This was partly offset by higher oil and gas production, and lower all-in cost.

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CNOOC Ltd

CNOOC Earnings: Higher Production and Strict Cost Controls to Mitigate Impact of Lower Oil Prices

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