UPDATE 1-CNOOC posts 6.5 pct rise in 2014 profit, vows cost cuts amid low oil prices
March 27, 2015 at 05:59 AM EDT
HONG KONG, March 27 (Reuters) - China's top offshore oil producer CNOOC Ltd said on Friday its 2014 net profit rose 6.5 percent, beating forecasts, as cost cuts and higher output helped it offset the slide in global oil prices.
