BRIEF-CNOOC Ltd Says Targeted Net Production For 2025 Is 760-780 Mln BOE

Reuters

2025/01/22

Jan 22 (Reuters) - CNOOC Ltd 600938.SS:

TOTAL CAPITAL EXPENDITURE FOR 2025 IS BUDGETED AT RMB125 TO RMB135 BILLION
TARGETED NET PRODUCTION FOR 2025 IS 760 TO 780 MILLION BARRELS OF OIL EQUIVALENT
ANNUAL PAYOUT RATIO OF COMPANY WILL BE NO LESS THAN 45% FROM 2025 TO 2027
NET PRODUCTION FOR 2026 AND 2027 ARE EXPECTED TO BE 780 TO 800 MILLION BOE AND 810 TO 830 MILLION BOE, RESPECTIVELY
SEES NET PRODUCTION FOR 2024 IS ESTIMATED TO BE 720 MILLION BOE
FY CAPEX RMB 132,000 MILLION

Further company coverage: 600938.SS

((Reuters.Briefs@thomsonreuters.com;))

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</span>CNOOC Ltd <span>600938.SS</span>:</p><ul><li><p>TOTAL CAPITAL EXPENDITURE FOR 2025 IS BUDGETED AT RMB125 TO RMB135 BILLION</p></li><li><p>TARGETED NET PRODUCTION FOR 2025 IS 760 TO 780 MILLION BARRELS OF OIL EQUIVALENT</p></li><li><p>ANNUAL PAYOUT RATIO OF COMPANY WILL BE NO LESS THAN 45% FROM 2025 TO 2027</p></li><li><p>NET PRODUCTION FOR 2026 AND 2027 ARE EXPECTED TO BE 780 TO 800 MILLION BOE AND 810 TO 830 MILLION BOE, RESPECTIVELY</p></li><li><p>SEES NET PRODUCTION FOR 2024 IS ESTIMATED TO BE 720 MILLION BOE</p></li><li><p>FY CAPEX RMB 132,000 MILLION</p></li></ul><p>Further company coverage: <span>600938.SS</span></p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BRIEF-CNOOC Ltd Says Targeted Net Production For 2025 Is 760-780 Mln BOE</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBRIEF-CNOOC Ltd Says Targeted Net Production For 2025 Is 760-780 Mln BOE\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-01-22 16:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BRIEF-CNOOC Ltd Says Targeted Net Production For 2025 Is 760-780 Mln BOE</title></head><body><p><span>Jan 22 (Reuters)</span><span> - </span>CNOOC Ltd <span>600938.SS</span>:</p><ul><li><p>TOTAL CAPITAL EXPENDITURE FOR 2025 IS BUDGETED AT RMB125 TO RMB135 BILLION</p></li><li><p>TARGETED NET PRODUCTION FOR 2025 IS 760 TO 780 MILLION BARRELS OF OIL EQUIVALENT</p></li><li><p>ANNUAL PAYOUT RATIO OF COMPANY WILL BE NO LESS THAN 45% FROM 2025 TO 2027</p></li><li><p>NET PRODUCTION FOR 2026 AND 2027 ARE EXPECTED TO BE 780 TO 800 MILLION BOE AND 810 TO 830 MILLION BOE, RESPECTIVELY</p></li><li><p>SEES NET PRODUCTION FOR 2024 IS ESTIMATED TO BE 720 MILLION BOE</p></li><li><p>FY CAPEX RMB 132,000 MILLION</p></li></ul><p>Further company coverage: <span>600938.SS</span></p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0979878070.USD","symbol_name":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250122:nFWN3OH1ZA:1","article_id":"2505797609","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505797609","pubTimestamp":1737535326,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BRIEF-CNOOC Ltd Says Targeted Net Production For 2025 Is 760-780 Mln BOEJan 22  - 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