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Profile & Fundamentals

CNOOC Profile & Fundamentals

Name: CNOOC financial chart data preview
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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

Official website

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

Updated 2026-09-14

Market Cap: HKD 1.12T
P/E: 3.8x
Revenue (Q2 26): CNY 229.7B
Profit (Q2 26): CNY 84.6B
Dividend Yield: 6.3%
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

Shares outstanding

Annual reported shares outstanding. Values in shares.

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The reports agree that the company is currently a highly profitable cash machine, generating massive net income and free cash flow. This financial strength is backed by incredibly low oil extraction costs, which protect the company's profits even if global oil prices fall. However, there is a clear disagreement on the future outlook. Optimistic views believe this strong earnings power is a newly established, durable floor that will continue to support high dividend payouts for years. In contrast, more cautious assessments argue that these peak earnings are temporary, driven by recent geopolitical supply shocks. They warn that as electric vehicles become more popular and global oil demand slows down, the company's earnings will face a slow, inevitable decline. Overall, retail investors should view the company as a strong near-term income source, but remain mindful of long-term demand risks.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

The assessments agree that the company boasts world-class profitability, with gross margins around sixty-seven percent and operating margins over forty-three percent. This incredible profitability is driven by a structural cost advantage, as the company's oil extraction costs are among the lowest in the world. However, the future outlook for these margins is a point of clash. Bullish views argue that these wide margins are highly durable and will protect the company's earnings even if oil prices drop. Conversely, bearish views warn that current margins are artificially inflated by temporary geopolitical crises and supply shocks. They expect margins to compress significantly over the next five years as global oil prices normalize and electric vehicles reduce demand. Retail investors should recognize that while current profitability is outstanding, long-term margin preservation depends heavily on keeping extraction costs low.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-15.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	21,014,100,719.42	3,095,827,338.13	91,654,676.26	71.09	-3.47	0.44	14.73
2017-12-31	28,632,258,064.52	7,219,662,058.37	3,790,629,800.31	72.14	18.88	13.24	25.22
2018-12-31	33,097,529,069.77	10,629,651,162.79	7,658,139,534.88	74.55	34.37	23.14	32.12
2019-12-31	33,505,603,448.28	7,400,431,034.48	8,770,833,333.33	76.94	34.89	26.18	22.09
2020-12-31	23,793,568,147.01	1,059,724,349.16	3,821,745,788.67	76.89	21.64	16.06	4.45
2021-12-31	38,696,698,113.21	10,291,823,899.37	11,056,603,773.58	81.87	39	28.57	26.6
2022-12-31	62,641,304,347.83	16,060,869,565.22	20,536,231,884.06	64.27	44.73	32.78	25.64
2023-12-31	53,343,021,766.97	13,011,610,563.38	15,856,978,233.03	73.9	40.27	29.73	24.39
2024-12-31	54,119,176,319.18	12,552,380,952.38	17,752,380,952.38	53.6	45.18	32.8	23.19
2025-12-31	56,969,957,081.55	13,864,401,430.62	17,465,236,051.5	67.49	43.54	30.66	24.34

Published valuation snapshots
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

Shares outstanding — chart values
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

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