Finance

PetroChina and CNOOC Ltd profits soar on robust oil price

PetroChina’s net profit at $12 billion while CNOOC Ltd sees net earnings increase to $10.50 billion

Flying the flag: Beijing-headquartered PetroChina posts record earnings.
Flying the flag: Beijing-headquartered PetroChina posts record earnings.Photo: REUTERS/SCANPIX
  • Xu Yihe
Singapore
ChinaPetroChinaCNOOC LtdAsia & OceaniaEast Asia
Published 26 August 2022, 07:08Updated 26 August 2022, 08:21