China National Offshore Oil Corporation (CNOOC) said on Thursday that its reserves and output of oil and gas had both reached all-time highs last year. The company's net proved reserves reached 7.77 billion barrels of oil equivalent (BOE) in 2025, up 6.9 percent year on year, it said in an online statement. Net oil and gas production totaled 777.3 million BOE in 2025, marking a 7-percent increase from a year earlier. Specifically, crude oil output rose 5.8 percent, while natural gas output climbed 11.6 percent, the company noted.