Cnooc Ltd (CEO)
Sector • Energy Industry • Oil And Gas Production |
Industry • Oil And Gas Production |
Sector • Energy |
Looking into fourth quarter of 2020 results, the company's made revenue Contraction substantially
company delivered fourth quarter of 2020 operating income of $5578 million
Published Mar 22 2023
CSIMarket Team / CSIMarket.com
For the fiscal fourth quarter of 2020 company earnings per share plummeted by -55 % of $0.09 per share compare to $0.20 a year before and from $0.00 per share from the previous financial reporting period.
The revenue crumbled by -28.913 % to $23.81 billion from $33.50 billion in the corresponding financial reporting period a year before and sequentially from $0.00 million.
Net earnings of $3,825.000 million in the fiscal fourth quarter of 2020 fell by -56.38 % from $8,769.000 million in the corresponding period a year before. Looking further into fiscal fourth quarter of 2020 Cnooc Ltd's profitability, operating margin mitigated to 23.43%, and net margin shrank to 16.06%.
Operating earnings, fell -53.88% to $5578 million, squeezing Cnooc Ltd's operating margin to 23.43%, from 36.1% in the fourth quarter of 2019. Analysts also pointed out, that within the financial numbers for the financial period 2020, company announced revenue of $23.81 billion and net income of $3.83 billion.
Oil And Gas Production company noticed as well, that Income per share faded by -55 % to $0.09 per share from $0.20 in the previous financial period , observed further, that revenue fell by -28.91 % from $33.50 billion a year before.
The revenue crumbled by -28.913 % to $23.81 billion from $33.50 billion in the corresponding financial reporting period a year before and sequentially from $0.00 million.
Net earnings of $3,825.000 million in the fiscal fourth quarter of 2020 fell by -56.38 % from $8,769.000 million in the corresponding period a year before. Looking further into fiscal fourth quarter of 2020 Cnooc Ltd's profitability, operating margin mitigated to 23.43%, and net margin shrank to 16.06%.
Operating earnings, fell -53.88% to $5578 million, squeezing Cnooc Ltd's operating margin to 23.43%, from 36.1% in the fourth quarter of 2019. Analysts also pointed out, that within the financial numbers for the financial period 2020, company announced revenue of $23.81 billion and net income of $3.83 billion.
Oil And Gas Production company noticed as well, that Income per share faded by -55 % to $0.09 per share from $0.20 in the previous financial period , observed further, that revenue fell by -28.91 % from $33.50 billion a year before.