CNOOC: The annual production target for 2026 is 780–800 million barrels of oil equivalent.

On March 26, People’s Finance News reported that China National Offshore Oil Corporation (CNOOC) held a performance briefing in Hong Kong. At the meeting, CNOOC’s Senior Vice President and Chief Financial Officer Mu Xiuping introduced the company’s operational targets for 2026. He stated that CNOOC will focus on its core oil and gas business, continuously pursue effective production, with an annual production target of 780 to 800 million barrels of oil equivalent this year. While supporting steady production growth, the capital expenditure budget for 2026 remains stable at 112 billion to 122 billion yuan.