CNOOC Limited Posts Loss In H1 - Quick Facts

(RTTNews) - CNOOC Limited (CEO, CNU.TO) reported a basic loss per share of RMB 0.17 for the six months ended June 30, 2016. Net loss was RMB 7.74 billion. Oil and gas sales revenue were RMB 55.08 billion, representing a decline of 28.5% from prior year. Total net oil and gas production reached 241.5 million BOE, representing an increase of 0.6% from last year. The Board of CNOOC has declared an interim dividend of HK$0.12 per share for 2016.

Yang Hua, CEO, stated: "In view of the challenges from the external environment, the Company strives to further enhance its industry know-how and introduce innovative work methods and achieved steady progress in all businesses, with the target of cost control and efficiency enhancement. Keeping modest, we will continue to identify areas for improvement and keep on learning, in order to enhance the first-class competitiveness at the international level. We will strengthen, improve and expand the Company to create greater value for our shareholders."