The Chinese Oil Giant Poised For A 100% Increase In Net Income ...Middle East

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The Chinese Oil Giant Poised For A 100% Increase In Net Income
source : OILPRICE ( Middle East ) () 28
China’s oil major CNOOC expects a twofold increase in its net income for the first nine months of the year, Energy Voice has reported, citing information from a stock exchange filing. The total for the nine-month period is expected to come in at around $15 billion, thanks to record-high oil and gas production, and higher international prices. The company last month booked a more than twofold increase in its first-half profits to $10.5 billion, again thanks to higher oil prices and higher oil and gas production. The amount was the highest…

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