On October 16, CNOOC announced that the net profit attributable to parent shareholders in the first three quarters is expected to be 107.8 billion to 109.8 billion yuan, which will increase by 55 billion to 57 billion yuan compared with the same period last year, with a year-on-year increase of about 104% to 108%.

The net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses in the first three quarters is expected to be 106.3 billion-108.3 billion yuan, an increase of 54.8 billion-56.8 billion yuan compared with the same period of the previous year, an increase of about 106%-110 %.
 
CNOOC's second-quarter and first-quarter net profits were 37.586 billion yuan and 34.301 billion yuan respectively, so it is estimated that the third quarter's single-quarter net profit is expected to be between 35.9 billion yuan and 37.9 billion yuan.
 
CNOOC's net profit in the first half of this year has exceeded that of the whole of 2021. From the perspective of the international market, the profits of oil giants have improved in the past two years.
 
Source: Xinde Marine News Sarah Yu

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