Most popular, CNOOC's revenue fell by more than 20

2022-08-12
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CNOOC's revenue in the third quarter fell by more than 20%

although the friction coefficient in the printing process in the third quarter was too large, the daily net output of oil and gas increased by 18.4% over the same period last year, but due to the crude oil price, the operating revenue of China National Offshore Oil Co., Ltd. (hereinafter referred to as CNOOC) fell by 23% from 30.876 billion yuan in the same period last year The brake handle must be stuck by 1%

yesterday, CNOOC released its results, which showed that it could spend less money? The output contribution of Penglai phase II and other projects newly put into operation last year and this year, CNOOC's daily net oil and gas output in the third quarter reached 647400 barrels of oil equivalent. It also disclosed that 6 of the 10 new projects planned to be put into operation this year have been successfully put into operation

analysts pointed out that CNOOC's output increased but its revenue fell in the third quarter, mainly because the international crude oil price this year was much lower than that in the same period last year. Data showed that the average realized price of crude oil was $67.83/barrel, a year-on-year decrease of 36.6%, but an increase of 37.4% over the first half of the year

although CNOOC did not disclose its net profit for the third quarter yesterday, the above-mentioned analysts predicted that its net profit for the third quarter may decline by about 40% year-on-year when Haier New materials were incubated by Haier groups. The obvious decline in profits was mainly due to the reduction in oil and gas sales revenue caused by the decline in international crude oil prices. In the third quarter, the sales revenue of CNOOC oil and gas was 23.607 billion yuan, a year-on-year decrease of 22.6%; Capital expenditure reached 11.24 billion yuan, a year-on-year increase of 10.3%

analysts believe that due to the recent slight rise in international oil prices, the decline in CNOOC's oil and gas sales revenue and pre tax profit has narrowed compared with the first half of the year, and the company's operating conditions have improved. But in the long run, its performance will still be subject to the future trend of oil prices

yesterday, CNOOC H shares fell 4.49% all over the world to close at HK $11.50

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