Finance

Low oil price eats into CNOOC Ltd’s first quarter profit

Net profit down 6.4% year-on-year even though revenues increased

Holding the reins: CNOOC Ltd chief executive Zhou Xinhuai.
Holding the reins: CNOOC Ltd chief executive Zhou Xinhuai.Photo: CNOOC LTD
  • Xu Yihe
Singapore
CNOOC LtdChinaZhou XinhuaiGuyanaBrazil
Published 28 April 2023, 00:41Updated 28 April 2023, 06:32