Energy

CNOOC sees net profit up 84.5%

(Xinhua)
Updated: 2011-03-23 17:16

BEIJING - China National Offshore Oil Company Limited announced Wednesday that its net profit surged 84.5 percent year on year to 54.41 billion yuan ($8.29 billion) in 2010.

The company's net production of oil and gas rose by 44.4 percent year on year to 328.8 million barrels of oil equivalent in 2010, said the company in its annual report to the Hong Kong stock exchange.