CNOOC: The full-year production target for 2026 is 780-800 million barrels of oil equivalent.

On March 26, CNOOC held an earnings briefing in Hong Kong. Mu Xiuping, Senior Vice President and Chief Financial Officer of CNOOC, introduced the company's operational objectives for 2026. She stated that CNOOC will focus on the oil and gas core business, continuously pursue efficient production, and set a full-year production target of 780-800 million barrels of oil equivalent. While supporting steady production growth, the capital expenditure budget for 2026 will remain stable at 112-122 billion RMB.