On May 27, as of press time, China National Offshore Oil Group Co., Ltd. (hereinafter referred to as "CNOOC") touched the limit, with a turnover of 3.153 billion yuan, and its stock price hit a new high since its listing.
On the news side, CNOOC's oil and gas sales business has not been affected by the Russian-Ukrainian incident, and the original sales model and channels are operating normally.
On May 26, CNOOC, in its interaction with investors, responded to the investors' mention of production capacity in 2022, the impact of the Russian-Ukrainian incident on the oil and gas business, overseas cooperative companies and other issues, CNOOC replied that the company's 2022 production target is 600-610 million barrels of oil equivalent, mainly for oil liquids and natural gas; the company's overseas assets are located in more than 20 countries and regions around the world, and it has business cooperation with many well-known international oil and gas companies such as ExxonMobil, Conocophillips, Shell, and Total.
CNOOC's financial report for the first quarter of 2022 shows that CNOOC achieved revenue of 90.898 billion yuan, an increase of 73.52% year-on-year; achieved a net profit attributable to the mother of 34.301 billion yuan, an increase of 131.67% year-on-year. Achieved basic earnings per share of 0.77 yuan per share, an increase of 131.67% year-on-year.