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CNOOC (CEO) Deferred Policy Acquisition Costs


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What is CNOOC Deferred Policy Acquisition Costs?

Deferred Policy Acquisition Costs only applies to banks and insurance companies.


CNOOC (CEO) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CNOOC Ltd (NYSE:CEO) » Definitions » Deferred Policy Acquisition Costs
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Address
1 Garden Road, 65th Floor, Bank of China Tower, Hong Kong, HKG, 999077
CNOOC is China's main offshore oil and gas exploration and production company. Through its parent company, it has exclusive rights to partner with foreign companies in offshore China projects. Production for 2022 averaged 1.71 million barrels of oil equivalent per day (78.5% oil), and year-end proven reserves were 6.24 billion barrels of oil equivalent, or boe, (73.8% oil). Assets outside China make up around 30.6% of production.