Chinese state oil major CNOOC Ltd expects its first-half net profit to jump almost 60% year-on-year, the company said on Thursday, after reporting a 30% profit increase in the first quarter.
CNOOC, the country’s largest offshore oil and gas producer, said net profit was expected to be between 54 billion yuan ($8.03 billion) and 58 billion yuan for the six months ended June 30, compared with 35.46 billion yuan a year earlier.
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