CNOOC Limited (HKG:0883)
Hong Kong · Delayed Price · Currency is HKD 23.90
-0.14 (-0.58%)
Oct 9, 2026, 4:08 PM HKT
CNOOC Earnings Call Transcripts
Fiscal Year 2024
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Record-high production and reserves drove an 11.4% increase in net profit to RMB 137.9 billion, with strong cost control and a 12% dividend hike. Offshore and overseas projects, green energy, and digital transformation supported growth amid volatile markets and geopolitical risks.
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Record net profit and production were achieved in H1 2024, driven by major discoveries, cost control, and strong domestic and overseas growth. Interim dividend rose 25.4% year-over-year, with robust cash flow and a low gearing ratio.