CNOOC Ltd profit dives 59% on low oil price and Covid-19 pandemic

Offshore operator giant still manages to post record high output and reserves

Taking a hit: CNOOC Ltd saw its profits drop in 2020 — Taking a hit: CNOOC Ltd saw its profits drop in 2020Photo: REUTERS/SCANPIX

Xu Yihe

Singapore

CNOOC Ltd China Guyana Asia & Oceania East Asia

Published 26 March 2021, 10:19Updated 30 March 2021, 15:29