CNOOC (00883) reported a net profit attributable to shareholders of RMB119.118 billion for the first three quarters, up 16.8% year on year.

CNOOC (00883) announced its results for the first three quarters of 2026, with operating revenue of RMB355.574 billion (the same currency unit below), up 13.8% year on year; net profit attributable to shareholders of the parent company of RMB119.118 billion, up 16.8% year on year; and basic earnings per share of RMB2.51. The announcement said that in the first three quarters of 2026, the company achieved oil and gas sales revenue of approximately RMB305.35 billion, an increase of 19.5% year on year, mainly due to rising oil prices. Net profit attributable to shareholders of the parent company reached RMB119.118 billion, an increase of 16.8% year on year. In the first three quarters, the company's average realized oil price was US$86.32 per barrel, up 26.4% year on year; the average realized gas price was US$8.13 per thousand cubic feet, up 3.4% year on year. The company continued to maintain its cost competitive advantage, with the main cost per barrel of oil in the first three quarters at US$30.57 per barrel of oil equivalent.