Cnooc Posts Stronger Profit as Iran War Boosts Oil Prices

Cnooc Ltd. reported stronger profit in the first quarter, as China’s top offshore driller benefited from rising global crude prices from the war in the Middle East.

By Charlie Zhu, Kathy Chen · Bloomberg Markets

Cnooc Ltd. reported stronger profit in the first quarter, as China’s top offshore driller benefited from rising global crude prices from the war in the Middle East.