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The oil and gas extraction service sector weakened. Offshore oil engineering fell by more than 4%, while CNPC Haifu, Tongyuan Petroleum, CNOOC, CNOOC development, and new natural gas followed suit.
The oil and gas extraction service sector weakened. Offshore oil engineering fell by more than 4%, while CNPC Haifu, Tongyuan Petroleum, CNOOC, CNOOC development, and new natural gas followed suit.
CNOOC Development (600968): The three major industries are steady and progressive, and their profitability continues to improve
Event: The company released its 2023 annual report and 2024 quarterly report. In 2023, revenue of $49.31 billion was achieved, +3.2% year-on-year; net profit to mother was 3.08 billion yuan, +27.5% year-on-year. 2024Q1, real
Tianfeng Securities released a research report on April 28 stating that it gave CNOOC Development (600968.SH) a buy rating. The main reasons for the rating include: 1) CNOOC's net production grew strongly in the first quarter, and barrel oil costs were we
Tianfeng Securities released a research report on April 28 stating that it gave CNOOC Development (600968.SH) a buy rating. The main reasons for the rating include: 1) CNOOC's net production grew strongly in the first quarter, and barrel oil costs were well controlled; 2) Key projects have progressed in an orderly manner since this year to build the company's new productivity. (Mainichi Keizai Shimbun)
CNOOC Development (600968): Rapid Q1 profit growth continues to develop new quality productivity
The company released the 2024 quarterly report. The company achieved operating income of 9.207 billion yuan in the first quarter, down 3.47% year on year; net profit to mother was 501 million yuan, up 21.44% year on year. Basic earnings per share of $0.0493
Dongwu Securities released a research report on April 25 stating that it gave CNOOC Development (600968.SH) a buy rating. The main reasons for the rating include: 1) the steady improvement of diversified service capabilities and the steady development of
Dongwu Securities released a research report on April 25 stating that it gave CNOOC Development (600968.SH) a buy rating. The main reasons for the rating include: 1) the steady improvement of diversified service capabilities and the steady development of the three major industries; 2) the construction of key projects is progressing steadily, and future development is worth looking forward to; 3) the parent company CNOOC raised capital expenses to increase storage and production to help the company develop in the long term. (Mainichi Keizai Shimbun)
CNOOC Development (600968): Profit from increased storage and production is expected to grow rapidly
The 1Q24 performance is in line with our expectations. The company announced 1Q24 results: operating income of 9.21 billion yuan, -3% year over year; net profit to mother of 500 million yuan, +21% year over year, mainly due to 1) Benefiting from increased storage and production, the company's technical service
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