Business
CNOOC Limited Announced Its 2024 Annual Results
CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announced today its 2024 annual results for the year ended December 31, 2024.
About this update from Cnooc Limited Class A
[{"type":"text","content":"Reserves and Production Reached New Plateau Profit and Dividend Recorded Double-Digit Rise","length":96,"tagName":"p","attribs":{}},{"type":"text","content":"HONG KONG, March 27, 2025 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announced today its 2024 annual results for the year ended December 31, 2024.","length":223,"tagName":"p"},{"type":"image","alt":"CNOOC Logo (PRNewsfoto/CNOOC Limited)","displaySize":"","headline":null,"caption":"CNOOC Logo (PRNewsfoto/CNOOC Limited)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":372,"url":"https://media.zenfs.com/en/prnewswire.com/f37328db4d3af8a63169162c2c8027b8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/c.UKK2EnlbLE.34z_xN4pw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTY1NjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/f37328db4d3af8a63169162c2c8027b8","width":400,"height":372}},"href":"https://mma.prnewswire.com/media/2051221/CNOOC_Logo_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"list","items":[{"val":[{"type":"text","content":"Reserves and production both grew by over 7% and net profit attributable to equity shareholders increased by 11.4%","length":114,"tagName":"p"}]},{"val":[{"type":"text","content":"Full-year dividend at HK$1.40 per share (tax inclusive), a 12% increase year-on-year ("YoY")","length":102,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":216,"olType":false},{"type":"text","content":"CNOOC Limited continued to capture high-quality growth over 2024. Despite the challenging macroeconomic trends, CNOOC Limited stuck to its strategy of increasing reserves and production while strictly controlling costs. The Company's capability of value creation has been enhanced and breakthroughs in technological innovation and green development have been attained.","length":372,"tagName":"p"},{"type":"text","content":"CNOOC Limited adopted multiple measures to tap into its production potential. New records of production have been set for multiple years in a row. In 2024, the Company recorded a net oil and gas production of 726.8 million barrels of oil equivalent ("BOE"), a YoY increase of 7.2%. In China, thanks to the contributions from Bozhong 19-6 oilfield and other oil and gas fields, net production rose b...