Cnooc revenue rises almost 56% on oil price rise

Cnooc revenue rises almost 56% on oil price rise

April 28, 2017
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By hellenicshippingnews.. Cnooc Ltd., China’s offshore oil producer, said Thursday that its first-quarter revenue rose 55.8% to 38.39 billion yuan ($5.57 billion) from the same period last year. It attributed the increase to a rise in global oil prices. The state-owned oil major, which reports unaudited quarterly results, said its oil-and-gas output fell 4.2% to 119.1 million … Read full story ›

Source:: Hellenic shipping news Oil