CNOOC publishes 2025 annual report
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CNOOC has published its 2025 annual report, reporting a record net output of 777 million BOE, a 7% increase. The report highlights six new exploration discoveries, year-end net proved reserves of 7,773 million BOE, and the initiation of 16 new developments in China, Brazil, and Guyana. Additionally, the low-carbon portfolio has advanced with offshore wind projects and the first offshore CCUS demonstration project at Enping 15-1. The board has recommended a final dividend of HKD 0.55 per share for 2025.
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