21-07-08 China National Offshore Oil Corporation (CNOOC) has seen its first-half net profit climb by 35 %. CNOOC, parent of listed CNOOC Ltd, made a net profit of yuan 18.95 bn ($ 2.78 bn) on earnings of yuan 106.33 bn, the company said.
"At the same time that the high level of international crude prices has brought in income for the upstream industry, it has also caused our costs to rise rapidly," it said. In the first half, costs rose by over 50 %, it added.