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CNOOC Limited (0883.HK)

HKSE - HKSE Delayed Price. Currency in HKD
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10.480+0.360 (+3.56%)
At close: 04:08PM HKT
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  • Reuters

    Exclusive: PetroChina may sell Australian, Canadian assets to stem losses - sources

    PetroChina may sell out from natural gas projects in Australia and oil sands in Canada to stem losses and divert funds to more lucrative sites in the Middle East, Africa and central Asia, two people with knowledge of the matter said. PetroChina's plan follows a similar strategic shift by smaller state peer CNOOC Ltd, which was preparing to exit its operations in Britain, Canada and the United States because of concerns the assets could become subject to Western sanctions. The sales follow an internal review of PetroChina's global portfolio that began last year, the two sources said, declining to be named as the discussions are not public.

  • Bloomberg

    BP’s Oil Sands Exit May Not Be the Last as Big Oil Revises Image

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  • Reuters

    China oil giant CNOOC soars in Shanghai debut, defies weak market

    SHANGHAI (Reuters) -CNOOC Ltd shares surged as much as 44% in their Shanghai debut on Thursday, defying broad market weakness, as investors sought safety in the Chinese oil giant amid high energy prices and quickening inflation. After opening 20% higher, CNOOC shares immediately shot up 44% on the Shanghai Stock Exchange, hitting a price ceiling for the day and triggering a 30-minute trading halt. It marked a bright spot in a bleak Shanghai market that slumped more than 2% amid COVID-19 lockdowns and geopolitical tensions.