Cnooc Promises More Capex After Profit Surges

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.

What factors are influencing Petro China's expected profit growth?

How is the natural gas pricing strategy expected to impact Petro China's performance in the second half of the year?