CNOOC Ltd (STU:NC2B)
€ 2.18 0.1 (4.81%) Market Cap: 107.49 Bil Enterprise Value: 89.09 Bil PE Ratio: 5.49 PB Ratio: 1.08 GF Score: 81/100

CNOOC Ltd Strategy Preview Analyst Briefing Transcript

Jan 13, 2020 / 09:00AM GMT
Release Date Price: €1.61 (+1.71%)
Operator

Good afternoon, everyone. Welcome to the 2020 Strategy Preview of CNOOC Limited.

Addressing you today are Mr. Xu Keqiang, CEO and President of CNOOC Limited; and Mr. Xie Weizhi, CFO of CNOOC Limited. Now I would like to hand it over to the management.

Weizhi Xie
CNOOC Limited - CFO

Good afternoon, ladies and gentlemen. Welcome to CNOOC Limited 2020 Strategy Preview. Chinese New Year is approaching. I would like to take this opportunity to wish you a prosperous year of the rat.

Before we start, please take a moment to read the disclaimer on Slide 2. Let's turn to the next slide.

Today's presentation includes 3 parts: firstly, we will discuss the company's operating strategy; secondly, we will look at the 2020 operating guidance; and thirdly, I will provide an update on our future outlook.

To begin with, let's look at our operating strategy. In 2020, we will focus on the following areas: steadily increase oil/gas reserves and production levels, maintain cost competitiveness and a prudent investment decision-making and focus

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