CNOOC Ltd, China’s top offshore crude oil and natural gas producer, booked a 13% drop in first-half earnings as record-high domestic and overseas oil and gas production couldn’t offset the decline in oil prices amid volatile and challenging markets. CNOOC, which specializes in offshore oil and gas developments in China and internationally, reported on Wednesday a net profit of $9.7 billion (69.5 billion Chinese yuan) for the first half of 2025, down by 13% from a year earlier. The value of oil and gas sales…
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