Cnooc Promises More Capex After Profit Surges

Cnooc Promises More Capex After Profit Surges

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses the financial performance and strategies of three major Chinese oil companies: CNOOC, Sinopec, and PetroChina. CNOOC faces investor concerns due to unmet spending targets, but the CEO remains confident in achieving annual goals. Sinopec, a major refiner, has shown profit growth despite high production costs. PetroChina has reported significant profit growth and is focusing on improving its natural gas sector, with plans to raise prices and reduce import losses.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the main concern of investors regarding C Nook's financial performance?

Low oil prices

High production costs

Lack of overseas projects

Failure to meet spending targets

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does Sinopec primarily generate its profits?

Overseas investments

Refining sector

Natural gas imports

Upstream oil production

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What challenge does Sinopec face in its upstream business?

High refining costs

Aging oilfields

Low demand for oil

Strict environmental regulations

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant factor affecting Petro China's import losses?

China's national policy on natural gas pricing

Increased competition from other companies

Low international oil prices

High domestic production

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What strategy is China planning to implement for the winter consumption season?

Decrease oil production

Increase natural gas prices

Expand overseas investments

Subsidize oil imports