Cnooc Limited’s Net Profit Rose 11.2% in 2024

Cnooc Limited (中国海洋石油有限公司) (600938.SH) reported a net profit of 138 billion yuan in 2024, up 11.2% year-on-year.

Meanwhile, the company posted 420.5 billion yuan in revenue, up 0.9% year-on-year.

At the end of the reporting period, it had 1.1 trillion yuan in total assets and 306.8 billion yuan in total liabilities, with a liability-to-asset ratio of 29.1%.