- Zacks•13 hours ago
Chinese offshore giant CNOOC Ltd. (CEO) recently released its business strategy and development plan for 2017.
CNOOC (883.Hong Kong/CEO) is pursuing "quality growth", the management of China's upstream giant's management said. CNOOC expects production to fall 4.4% in 2017 to around 450 to 460 million barrels this year, after a 3.8% drop in 2016. "If DB estimates of a USD55/bbl and USD65/bbl for 2017/2018 are realized, there could be upside risks to CNOOC’s production," notes Deutsche Bank this morning.
- PR Newswire•2 days ago
HONG KONG, Jan. 19, 2017 /PRNewswire/ -- CNOOC Limited (the "Company") (SEHK: 00883, NYSE: CEO, TSX: CNU) today announced its business strategy and development plan for the year 2017. The Company's net production target for 2017 is in the range of 450 to 460 million barrels of oil equivalent (BOE), of which approximately 64% and 36% are produced in China and overseas, respectively.
0883.HK: Summary for CNOOC - Yahoo Finance
CNOOC Limited (0883.HK)
HKSE - HKSE Delayed price. Currency in HKD
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|Day's range||9.74 - 9.95|
|52-week range||6.70 - 10.88|
|PE ratio (TTM)||18.52|
|Dividend & yield||0.05 (3.73%)|
|1y target est||N/A|