October 25, 2018 / 9:26 AM / a month ago

CNOOC reports highest third quarter revenue since 2015

FILE PHOTO: (L-R) Chief Financial Officer Zhong Hua, Chairman and CEO Yang Hua and President Yuan Guangyu of China National Offshore Oil Corporation (CNOOC) attend a news conference on the company's interim results in Hong Kong, China March 23, 2017. REUTERS/Bobby Yip/File Photo

BEIJING (Reuters) - Chinese oil and gas major CNOOC’s (0883.HK) third-quarter revenue rose to 49.8 billion yuan (6 billion pounds), up from 37.25 billion yuan in the same period last year, its strongest third quarter performance since 2015, a Reuters calculation based on company filings to the Hong Kong stock exchange showed.

The robust performance was mainly due to higher crude oil and gas prices.

CNOOC said it realized oil prices of $71.55 per barrel, up 41 percent from last year. Natural gas sales prices rose 3.4 percent to $6.26 per million cubic feet in the third quarter.

CNOOC’s total crude oil production in the third quarter of the year fell to 91.1 million barrels, down from 95.6 million barrels in 2017.

Reporting by Meng Meng and Aizhu Chen; Editing by Kenneth Maxwell and Darren Schuettler

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below