Hong Kong/Singapore — Chinese oil majors may be next in line for delisting in the US after the New York Stock Exchange (NYSE) said last week it would remove the Asian nation’s three biggest telecom companies.
China’s largest offshore oil producer Cnooc could be most at risk as it’s on the Pentagon’s list of companies it says are owned or controlled by Chinese military, according to Bloomberg Intelligence analyst Henik Fung. PetroChina and China Petroleum & Chemical Corporation, also known as Sinopec, may also be under threat as the energy sector is crucial to China’s military, he said...
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