Welcome to our dedicated page for CEO news (Ticker: $CEO), a resource for investors and traders seeking the latest updates and insights on CEO stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CEO's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CEO's position in the market.
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CNOOC reported strong growth in net production and net profit in Q1 2024. Total net production increased by 9.9% YoY to 180.1 million BOE. Net production from China grew by 6.9% YoY to 123.2 million BOE. Overseas net production rose by 16.9% YoY to 56.9 million BOE. The company made 2 new discoveries and successfully appraised 4 structures. Net profit attributable to equity shareholders grew by 23.7% YoY to RMB39.7 billion. CEO expressed satisfaction with the results and emphasized the focus on annual production and operation goals.
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Takeda, Astellas, and Sumitomo Mitsui Banking have announced a master agreement to establish a joint venture company dedicated to the incubation of early drug discovery programs in Japan. The new company aims to advance innovative drug discovery programs, foster entrepreneurship, and create start-up companies to unleash the potential of the drug discovery ecosystem in Japan.
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CNOOC released its 2023 ESG Report highlighting its commitment to ESG management, innovation-driven strategies, green principles, and social responsibilities. The Company won several ESG awards and achieved record highs in reserves and production. CNOOC invested in energy-saving projects, launched green initiatives, and contributed to community development. The PR emphasizes the Company's dedication to sustainable development and modern governance under the leadership of Chairman Wang Dongjin.
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CNOOC announces a major oilfield discovery of Qinhuangdao 27-3 in Bohai Sea, adding over 100 million tons of oil equivalent proved in-place volume. The field has been tested to produce approximately 742 barrels of crude oil per day from a single well.
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CNOOC Limited announces the commencement of the Suizhong 36-1/Luda 5-2 Oilfield Secondary Adjustment and Development Project, located in Liaodong Bay of Bohai Sea. The project is expected to achieve a peak production of approximately 30,300 barrels of crude oil per day in 2025, making it the largest secondary development and adjustment project in offshore China. The company holds 100% interest in the project and acts as the operator, aiming to promote sustainable and green development of offshore oil and gas resources.
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CNOOC Limited announces its business strategy and development plan for 2024, focusing on increasing reserves and production, investment efficiency, and integrated development of new energy and oil and gas business. The net production target for 2024 is 700-720 million BOE, with a focus on China and overseas. The total capital expenditure for 2024 is budgeted at RMB 125-135 billion, with a strong emphasis on exploration, development, and production. The company is also increasing efforts in natural gas exploration and technological innovation, aiming to sustain reserves and production growth. Green development and rewarding shareholders are also key priorities for the company.
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CNOOC Limited (SEHK: 00883, SSE: 600938) announces the commencement of production for the Lufeng Oilfields Phase II Development Project, located in the eastern South China Sea. The project is expected to achieve a peak production of approximately 22,600 barrels of crude oil per day in 2025.
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CNOOC Limited (SEHK: 00883, 80883, SSE: 600938) announces commencement of production at Mero2 Project in Brazil's Santos Basin
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CNOOC Limited (SEHK: 00883, 80883, SSE: 600938) announces the safe commencement of production at the Payara Project, located in the Stabroek Block offshore Guyana. The project operates with 1 FPSO and 41 subsea wellheads, with the FPSO being the third production facility in the Block. Constructed in China and Singapore, it arrived in Guyana in April 2023 and is moored in water depth of [to be completed].
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CNOOC Limited (SEHK: 00883, SSE: 600938) announces the commencement of the Bozhong 19-6 Condensate Gas Field Phase I Development Project, located in central Bohai Sea. The project is expected to achieve a peak production of approximately 37,000 barrels of oil equivalent per day in 2024, supplying stable clean energy to the Beijing-Tianjin-Hebei region and the Bohai Rim region.
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CEO
NYSE:CEO
CEO Rankings
CEO Stock Data
53.21B
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
China (Mainland)
Beijing