What a difference a few steps lower in the oil food chain can make.
CNOOC, China’s largest offshore oil producer, reportedan 89% jump in quarterly profits. UnlikePetroChina, CNOOC isn’t restrained by the government on what it can charge for the oil it pulls out of the earth.
- CNOOC profits jump Profits for the first six months of 2008 increased by 35% at CNOOC, China’s largest natural gas producer. ...
- PetroChina reports horrible quarter At one time last year, PetroChina was the largest company in the world by market cap. Today, it is getting...
- Wuxi profits double Wuxi Pharmaceutical (WX), a biotechnology and pharmaceutical research company, doubled its quarterly profits. China is moving up the value chain....
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