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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; [email protected]

Stocks mentioned in the article
ChangeLast1st jan.
CNOOC LTD 0.41% 14.52 End-of-day quote.29.41%
CONOCOPHILLIPS 1.60% 70.66 Delayed Quote.28.73%
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Financials ( CNY)
Sales 2018 212 B
EBIT 2018 67 154 M
Net income 2018 47 528 M
Debt 2018 83 695 M
Yield 2018 4,64%
P/E ratio 2018 10,78
P/E ratio 2019 10,59
EV / Sales 2018 2,87x
EV / Sales 2019 2,78x
Capitalization 524 B
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CNOOC Ltd Technical Analysis Chart | 0883 | HK0883013259 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 12,3  CNY
Spread / Average Target 5,0%
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Managers
NameTitle
Guang Yu Yuan Chief Executive Officer & Executive Director
Ke Qiang Xu President & Executive Director
Hua Yang Chairman
Wei Zhi Xie Chief Financial Officer
Sung Hong Chiu Independent Non-Executive Director
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CNOOC LTD29.41%82 088
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