HONG KONG -- The expulsion of CNOOC, a unit of a Chinese state-owned oil major, from the U.S. stock market had a "profound impact" on the company's share price, CEO Xu Keqiang said on Tuesday.
Planned Shanghai listing intended to repair damage and find new funding
A CNOOC booth at a Beijing trade fair: U.S. sanctions have had no major impact on the company's production and operation, according to CEO Xu Keqiang. © Reuters
HONG KONG -- The expulsion of CNOOC, a unit of a Chinese state-owned oil major, from the U.S. stock market had a "profound impact" on the company's share price, CEO Xu Keqiang said on Tuesday.