The net profit exceeded 100 billion! Year-on-year growth of more than 100%! CNOOC's performance pre-increase highlights include these

On October 16, CNOOC released an announcement of a forecast increase in the first three quarters of 2022, with a net profit of more than 100 billion yuan!

According to preliminary calculations by the financial department of China National Offshore Oil Corporation (hereinafter referred to as the "Company"), according to the PRC accounting standards for enterprises, the net profit attributable to shareholders of the parent company in the first three quarters of 2022 is expected to be RMB107.
8 billion to RMB109.
8 billion, an increase of RMB55 billion to RMB57 billion, an increase of about 104% to 108%
year-on-year 。 Net profit attributable to shareholders of the parent company before non-recurring gains and losses is expected to be RMB106.
3 billion to RMB108.
3 billion, an increase of RMB54.
8 billion to RMB56.
8 billion, or approximately 106% to 110%
year-on-year, compared with the same period last year.

In the first three quarters of 2022, the company seized the favorable opportunity of rising oil prices, continued to increase exploration and development, increased reserves and production, improved quality and efficiency and achieved positive results, oil and gas production hit a record high in the same period, cost competitive advantages were further consolidated, and the profitability level increased significantly year-on-year
.

As early as August 25, CNOOC released its 2022 half-year report, which shows that CNOOC's revenue in the first half of the year was 176.
68 billion yuan, and the net profit attributable to the parent was 71.
89 billion yuan, a significant increase of 115.
7% year-on-year, and earnings per share were 1.
57 yuan
.
The main cost of barrel oil is well controlled, the main cost of barrel oil in the first half of the year is 30.
32 US dollars, the barrel oil operation fee is 7.
77 US dollars, and the daily income is about 400 million yuan, which provides a strong guarantee
for increasing reserves and production in the third quarter.

In this way, the net profit attributable to shareholders of the parent company in the third quarter alone is expected to be between RMB35.
91 billion and RMB37.
91 billion
.

It is worth mentioning that CNOOC's net profit in 2021 was 70.
32 billion yuan, while CNOOC's net profit in the first three quarters of this year has been about 1.
5 times that of last year, and it is expected that the annual performance in 2022 will double compared with last year
.