China Oil Giants Unmoved by Bull Rally After Worst Earnings

  • PetroChina profit saved by Central Asian pipelines sale
  • Cnooc posts first-ever half-year loss on Nexen writedown

Worst-Ever Earnings for Two of China's Oil Giants

After posting their worst-ever half-year results, two of China’s oil giants aren’t getting carried away by crude’s return to a bull market, forecasting a rocky path ahead.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.