S&P Dow Jones Indices to phase out oil giant CNOOC due to sanctions By Reuters

LYNXNPEB7C0BA_L.jpg

© Reuters. FILE PHOTO: Logos of China National Offshore Oil Corporation (CNOOC) are displayed at a press conference in Hong Kong.

(Reuters) – S&P Dow Jones Indices said Wednesday night that it will delist the securities of oil giant China National Offshore Oil Corp (CNOOC (NYSE :)) due to US sanctions. “The securities (CNOOC Ltd ADR and CNOOC Ltd H Shares) will be removed from the affected indices on or before February 1, 2021,” S&P Dow Jones Indices said in a statement.

Disclaimer: Fusion Media wishes to remind you that the data contained on this website is not necessarily accurate or in real time. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but by market makers, so the prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur as a result of the use of this data. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.