CNOOC Profits Plunge on Lower Oil Prices

摘要

China’s largest offshore oil and natural gas developer’s2015 net profits slumped 66.4 percent year on year due to lower oil prices,the company said in late March 2016.China National Offshore Oil Corporation(CNOOC)made 20.2 billion yuan(US$3.1 billion)in profit last year,according to the company’s annual report.CNOOC Chairman Yang Hua attributed the profit decrease to unabated downward adjustment of the global economy and low international oil prices.