Cnooc Limited’s Net Profit Rose 115.7% in First Half of 2022

Cnooc Limited (中国海洋石油有限公司) (600938.SH) reported a net profit of 71.9 billion yuan in the first half of 2022, up 115.7% year-on-year.

Meanwhile, the company posted 202.4 billion yuan in revenue, up 83.6% year-on-year.

At the end of the reporting period, it had 919.8 billion yuan in total assets and 370 billion yuan in total liabilities, with a liability-to-asset ratio of 40.2%.