Cnooc 3Q Profits Fall as Lower Oil Prices Outweigh Output Gains

BloombergThursday, October 30, 2025 at 8:37:58 AM
Cnooc 3Q Profits Fall as Lower Oil Prices Outweigh Output Gains
Cnooc Ltd. reported a decline in its third-quarter profits, primarily due to falling oil prices, even as the company worked hard to boost production. This situation highlights the challenges faced by oil companies in maintaining profitability amidst fluctuating market conditions, which is crucial for investors and the industry as a whole.
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