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4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  CNOOC Ltd    0883   HK0883013259

CNOOC LTD (0883)

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Cnooc, ConocoPhillips Paid $266 Million Compensation After Penglai 19-3 Oil Spill

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04/27/2012 | 12:37pm CEST

Cnooc Ltd. (CEO), China's largest offshore oil producer, and joint-venture partner ConocoPhillips (COP) paid a total of CNY1.683 billion (US$266 million) to compensate for losses related to last year's oil spill at the Penglai 19-3 field in Bohai Bay, Cnooc said Friday.

The Chinese unit of ConocoPhillips contributed the bulk of the funds, which amounted to CNY1.09 billion, to compensate for the damage to marine ecology.

Cnooc and ConocoPhillips also contributed CNY480 million and CNY113 million, respectively, as part of social and environmental responsibilities to Bohai Bay.

-By Wayne Ma, Dow Jones Newswires; +86 10 8400 7714; wayne.ma@dowjones.com

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Financials ( CNY)
Sales 2016 148 958 M
EBIT 2016 2 522 M
Net income 2016 -6 911 M
Debt 2016 116 795 M
Yield 2016 3,02%
P/E ratio 2016 -
P/E ratio 2017 15,33
EV / Sales 2016 3,30x
EV / Sales 2017 2,51x
Capitalization 374 284 M
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Number of Analysts 22
Average target price 9,08  CNY
Spread / Average Target 8,5%
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NameTitle
Hua Yang Chairman & Chief Executive Officer
Guang Yu Yuan President & Executive Director
Hua Zhong Chief Financial Officer
Guang Qi Wu Non-Executive Director
Sung Hong Chiu Independent Non-Executive Director
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Sector and Competitors
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CNOOC LTD19.07%56 119
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