CNOOC: Operating income of 312.5 billion yuan in the first three quarters of 2025, maintaining strong profitability.

On October 30th, CNOOC announced its performance for the first three quarters of 2025, with the company achieving operating income of 312.5 billion yuan and a net profit attributable to the parent company of 101.97 billion yuan. During the reporting period, thanks to the company's successful exploration and production efforts and effective cost control measures, the company's profitability outperformed the oil price of the same period. In the first three quarters of 2025, the company's net oil and gas production reached 578.3 million barrels of oil equivalent, an increase of 6.7% year-on-year, with the natural gas business showing particularly impressive growth at 11.6% year-on-year, continuing the strong momentum from the first half of the year, and the strategic value of the second growth curve continues to be highlighted.