免费日韩片_欧美成人精品一区二区男人小说_国产乱码一区二区三区四区_国产精品国产三级国产aⅴ入口_成人看的污污超级黄网站免费_欧美一级在线免费观看_成人午夜免费无码福利片_国产乱人伦偷精品视频色欲_aaa少妇高潮大片免费看_国产精品1234_亚洲精品国产suv一区88_中文字字幕在线中文无码_精品亚洲区_午夜九九九_国产av国片精品jk制服丝袜_色综合亚洲_亚洲成av人片无码bt种子下载_欧美色就色_精品少妇的一区二区三区四区_男人用嘴添女人下身免费视频

PetroChina, CNOOC to earn more
(Xinhua)
Updated: 2004-11-24 09:38

Credit Suisse First Boston has raised earnings estimates for Chinese oil and gas producers PetroChina Co. and CNOOC Ltd. after increasing its predictions for oil prices in the next three years.

The global brokerage raised its forecast for crude oil prices through 2007 on expectations of continuing demand growth. It increased its estimate for West Texas Intermediate, the U.S. benchmark oil grade, in 2005 by 19 percent to US$43 a barrel. It also boosted its 2006 target by 12 percent to US$38 a barrel and 2007 by 4 percent to US$33 a barrel.

“Demand is the marginal driver of oil prices,” its analysts Prashant Gokhale and Edwin Pang wrote in an investment note.

Demand “will still be likely above average in 2005,” they said.

PetroChina, China’s top oil producer, had its 2004 net income prediction increased by 5 percent to 98.29 billion yuan (US$11.9 billion) and 2005 prediction by 22 percent to 104.84 billion yuan, the analysts said.

Meanwhile, CNOOC, the country’s largest offshore oil and gas producer, had its 2004 net income prediction increased by 11 percent to 16.86 billion yuan and 2005 prediction by 32 percent to 21.3 billion yuan.

PetroChina, listed in Hong Kong and New York in April 2000, reported a net income of US$8.38 billion, up 48.4 percent over the year-earlier period. Meanwhile, CNOOC, listed in Hong Kong and New York in February 2001, posted a net income of US$1.45 billion last year, a year-on-year increase of 33 percent.

Close