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

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Transcript

Unidentified Company Representative

Welcome to the CNOOC Limited 2019 Annual Results Analyst Conference Call. I'm pleased to present Mr. Wang Dongjin, Chairman of the company; Mr. Xu Keqiang, CEO of the company; Mr. Hu Guangjie, President of the company; and Mr. Xie Weizhi, CFO of the company. In the following 15 minutes, Mr. Xie will give you a presentation on the company financial and operating highlights in the annual results of 2019. After that, we will have a Q&A session. Mr. Xie, please kindly begin.

Weizhi Xie

CNOOC Limited - CFO

Thank you. Good afternoon, ladies and gentlemen, welcome to CNOOC Limited 2019 Annual Results Analyst Briefing. Now the world is confronting outbreak of COVID-19. Oil and gas industry is suffering a hard time. I wish everyone safe, and I do believe we shall overcome.

Today, we will go through our operating and financial results for the year of 2019.

Before we start, please take a moment to read the disclaimer on Slide 2.

Let's turn to the next slide. Our presentation today includes 4 parts. First, we

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