Summary by Moomoo AI
CNOOC released its mid-year report for 2024, showing growth in both revenue and profit. During the reporting period, CNOOC's revenue increased from 6665.86 million yuan in the previous year to 7191.98 million yuan, a growth of 7.9%. At the same time, the company's net profit increased from 3377.22 million yuan to 3545.01 million yuan, a growth of 5.0%. Additionally, CNOOC's capital expenditure increased from 6678.76 million yuan in the previous year to 7209.03 million yuan. CNOOC mentioned in the report that the company will continue to focus on its core oil & gas business and actively explore and develop new oil fields to support long-term growth. The report also highlighted several important projects of CNOOC globally during the reporting period, including the Stabroek field and Payara development project. CNOOC stated its commitment to environmental protection and emission reduction, emphasizing its progress in carbon capture and storage (CCS/CCUS) technology in the report.