CNOOC(HK:00883) Zhi Tong Cai Jing·2025-08-28 02:15Core Viewpoint - CNOOC's stock rose over 3% following the announcement of its mid-year results for 2025, despite a decline in revenue and profit [1] Financial Performance - Oil and gas sales revenue was approximately 171.7 billion yuan, a year-on-year decrease of 7% [1] - Total revenue was about 207.6 billion yuan, down 8.45% year-on-year [1] - Net profit attributable to shareholders was around 69.5 billion yuan, reflecting a 13% decline year-on-year [1] - Basic earnings per share were 1.46 yuan, with an interim dividend of 0.73 Hong Kong dollars per share [1] Exploration and Production - The company is actively pursuing reserve additions and production increases, with significant exploration results [1] - New oil and gas discoveries were made in the Chinese sea area, including five new finds such as Jinzhou 27-6 [1] - Successful evaluations of large and medium-sized oil and gas structures, such as Qinhuangdao 29-6, were reported [1] - Onshore unconventional natural gas reserves are steadily increasing [1] - Deepwater exploration in Guyana continues to enhance reserves, and a new oil contract was signed for exploration in Kazakhstan [1] Production Metrics - In the first half of the year, the company's net production reached 384.6 million barrels of oil equivalent [1] - Natural gas production saw a significant increase of 12.0% [1] - Both domestic and international production exceeded historical levels for the same period [1]