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CNOOC Ltd. posts a 89.3% profit increase in H1

(Xinhua)
Updated: 2008-08-27 19:50

BEIJING - China National Offshore Oil Company Limited (CNOOC Ltd.) said Wednesday that its first-half net profit rose sharply by 89.3 percent year on year amid high oil price and solid operational performance.

Net profit recorded 27.54 billion yuan (US$4.03 billion), or 0.62 yuan per share, the oil giant said in its interim report.

CNOOC Ltd. is the major listed subsidiary of China National Offshore Oil Corporation (CNOOC), China's largest offshore oil producer.