Cnooc Limited’s Net Profit Rose 105.9% in First Three Quarters of 2022

Cnooc Limited (中国海洋石油有限公司) (600938.SH) reported a net profit of 108.8 billion yuan in the first three quarters of 2022, up 105.9% year-on-year.

Meanwhile, the company posted 311.1 billion yuan in revenue, up 79% year-on-year.

At the end of the reporting period, it had 935 billion yuan in total assets and 366.1 billion yuan in total liabilities, with a liability-to-asset ratio of 39.2%.