Chinese offshore oil and gas producer focused on exploration, development, and production assets in China and international basins.
Profile & Fundamentals
CNOOC: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
CNOOC Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
CNOOC Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas in worldwide. The company produces offshore crude oil and natural gas primarily in Bohai Sea, the Western South China Sea, the Eastern South China Sea, and the East China Sea in China. It also holds interests in various oil and gas assets in Asia, Africa, North America, South America, Oceania, and Europe. In addition, the company is involved in the sales and trading of petroleum and natural gas; oil sands exploration, development, and production; and exploration, development, and production of unconventional natural gas resources in onshore China, as well as in shale oil and gas activities. The company was incorporated in 1999 and is based in Hong Kong. CNOOC Limited operates as a subsidiary of CNOOC (BVI) LTD.
Company profile record
CNOOC Ltd
Common Stock · Energy · Oil & Gas Exploration & Production
Company
- Company / asset
- CNOOC Ltd
- Security type
- Common Stock
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- HQ
- 🇨🇳 China
- Head office
- Bank of China Tower, Hong Kong, Hong Kong, 999077
Leadership & scale
- Chief executive
- Mr. Yongzhang Huang
- CEO year born
- 1966
- Full-time employees
- 22K
- Fiscal year end
- December
- IPO date
- 2001-02-28
Fundamentals snapshot
- Market Cap
- HKD 1.11T
- P/E
- 3.8x
- Revenue (Q2 26)
- CNY 229.7B
- Profit (Q2 26)
- CNY 84.6B
- Dividend Yield
- 6.4%
- Revenue (FY 25)
- CNY 398.2B
- Shares in public float
- 17.2B
- Insider ownership
- 66.31%
Reporting & identifiers
- Symbol
- 0883.HKEX
- Listing
- 🇭🇰 Hong Kong | Dividend Tax: 0%
- Ticker Currency
- HKD
- Income Statement Currency
- CNY
- Balance Sheet Currency
- CNY
- Cash Flow Currency
- CNY
- EPS Currency
- CNY
- Contract Type
- SPOT
- ISIN
- HK0883013259
- Asset ID
- equity_f8251938-9060-5719-abe7-2867292ef656
Ownership
Shares Outstanding
Latest: 47.5B | Max: 47.6B | Min: 44.6B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
36.14%
17.2B latest reported shares
Insider Ownership
66.31%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 44,651,985,100 |
| 2018-01-01 | 44,657,035,500 |
| 2019-01-01 | 44,647,456,000 |
| 2020-01-01 | 44,647,456,000 |
| 2021-01-01 | 44,647,456,000 |
| 2022-01-01 | 47,619,230,200 |
| 2023-01-01 | 47,566,764,000 |
| 2024-01-01 | 47,539,796,000 |
| 2025-01-01 | 47,528,683,000 |
| 2026-01-01 | 47,529,954,000 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Financial results show powerful operational momentum, highlighted by first-half 2026 revenue of CNY 242.7 billion and net profit reaching CNY 85.8 billion. This performance was driven by rising production volumes and strong realized crude prices, demonstrating genuine business strength rather than temporary accounting adjustments. Free cash flow generation remains outstanding, easily funding multi-year exploration programs and generous dividend distributions. While reports debate whether peak wartime earnings can persist as international oil benchmarks normalize, low extraction costs ensure robust recurring cash flow across different commodity regimes.
Financial results show powerful operational momentum, highlighted by first-half 2026 revenue of CNY 242.7 billion and net profit reaching CNY 85.8 billion. This performance was driven by rising production volumes and strong realized crude prices, demonstrating genuine business strength rather than temporary accounting adjustments. Free cash flow generation remains outstanding, easily funding multi-year exploration programs and generous dividend distributions. While reports debate whether peak wartime earnings can persist as international oil benchmarks normalize, low extraction costs ensure robust recurring cash flow across different commodity regimes.
Revenue, Net Income, and Free Cash Flow
Latest: CNY 398.2B | Max: CNY 432.2B | Min: CNY 637.0M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 4x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability remains elite across global energy markets, evidenced by operating margins exceeding 43% and net profit margins above 30%. This exceptional performance stems from an all-in production cost maintained below thirty dollars per barrel of oil equivalent. While progressive windfall levies cap profit retention during extreme commodity price spikes, low extraction costs provide an enduring competitive moat. Operating leverage guarantees that even if crude benchmarks soften, net margins will remain highly resilient compared to international integrated peers.
Profitability remains elite across global energy markets, evidenced by operating margins exceeding 43% and net profit margins above 30%. This exceptional performance stems from an all-in production cost maintained below thirty dollars per barrel of oil equivalent. While progressive windfall levies cap profit retention during extreme commodity price spikes, low extraction costs provide an enduring competitive moat. Operating leverage guarantees that even if crude benchmarks soften, net margins will remain highly resilient compared to international integrated peers.
Profitability Margins
Latest: 67.5% | Max: 81.9% | Min: -3.5%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
67.5%
Gross profit / revenue
Operating Margin
43.5%
Operating income / revenue
Net Margin
30.7%
Net income / revenue
FCF Margin
24.3%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
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| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 21,014,100,719.42 | 91,654,676.26 | 3,095,827,338.13 |
| 2017-12-31 | 28,632,258,064.52 | 3,790,629,800.31 | 7,219,662,058.37 |
| 2018-12-31 | 33,097,529,069.77 | 7,658,139,534.88 | 10,629,651,162.79 |
| 2019-12-31 | 33,505,603,448.28 | 8,770,833,333.33 | 7,400,431,034.48 |
| 2020-12-31 | 23,793,568,147.01 | 3,821,745,788.67 | 1,059,724,349.16 |
| 2021-12-31 | 38,696,698,113.21 | 11,056,603,773.58 | 10,291,823,899.37 |
| 2022-12-31 | 62,641,304,347.83 | 20,536,231,884.06 | 16,060,869,565.22 |
| 2023-12-31 | 53,343,021,766.97 | 15,856,978,233.03 | 13,011,610,563.38 |
| 2024-12-31 | 54,119,176,319.18 | 17,752,380,952.38 | 12,552,380,952.38 |
| 2025-12-31 | 56,969,957,081.55 | 17,465,236,051.5 | 13,864,401,430.62 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 4.34 | Trailing four quarters |
| 2024-12-31 | 4 | Trailing four quarters |
| 2023-12-31 | 2.98 | Trailing four quarters |
| 2022-12-31 | 2.96 | Annual net income |
| 2021-12-31 | 4.16 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 71.09 | -3.47 | 0.44 | 14.73 |
| 2017-12-31 | 72.14 | 18.88 | 13.24 | 25.22 |
| 2018-12-31 | 74.55 | 34.37 | 23.14 | 32.12 |
| 2019-12-31 | 76.94 | 34.89 | 26.18 | 22.09 |
| 2020-12-31 | 76.89 | 21.64 | 16.06 | 4.45 |
| 2021-12-31 | 81.87 | 39 | 28.57 | 26.6 |
| 2022-12-31 | 64.27 | 44.73 | 32.78 | 25.64 |
| 2023-12-31 | 73.9 | 40.27 | 29.73 | 24.39 |
| 2024-12-31 | 53.6 | 45.18 | 32.8 | 23.19 |
| 2025-12-31 | 67.49 | 43.54 | 30.66 | 24.34 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-15.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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