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  3. •

    Oil & Gas Exploration & Production
CNOOC Limited

CNOOC Limited

0883.HK
CNOOC LimitedHK flagHong Kong Stock Exchange
21.78
HKD
+0.68
- -
1.04TMarket Cap
CNOOC Limited
0883.HK
(Hong Kong Stock Exchange)

Recent

price

21.78

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
4.11
5.46
5.57
6.48
6.3
3.9
3.33
4.26
5.19
5.32
3.54
5.57
9.26
8.86
8.84
8.38
- -
Revenue per Share
1.22
1.57
1.43
1.26
1.35
0.45
0.01
0.55
1.18
1.37
0.56
1.58
3.03
2.6
2.9
2.57
- -
Basic EPS, GAAP
0.7
2.23
1.87
2.33
2.48
1.79
1.63
2.13
2.78
2.64
1.75
3.1
4.12
4.41
4.65
4.4
- -
Free Cash Flow per Basic Share
0.32
0.47
0.35
0.45
0.45
0.46
0.32
0.38
0.53
0.65
0.58
0.46
1.66
1.22
1.28
1.27
- -
Dividend per Share
0.02
5.88
5.47
6.29
8.12
8.16
7.87
6.89
7.43
8.08
8.25
9.57
10.55
11.82
13.38
14.81
- -
Book Value per Share
4.76
5.86
6.92
7.27
8.13
8.28
8.19
8.17
9.05
9.68
9.39
10.47
12.46
13.69
15.41
16.6
- -
Tangible Book Value per Share
44,669
44,669
44,646
44,647
44,647
44,647
44,647
44,647
44,647
44,647
44,647
44,647
46,697
47,567
47,553
47,530
47,633
Basic Weighted Avg Shares
183,559
244,078
248,663
289,512
281,067
174,083
148,888
190,197
231,926
237,631
158,097
248,702
432,225
421,530
420,506
398,220
- -
Sales/Revenue/Turnover
38.77
37.13
35.06
27.1
30.25
11.6
6.55
24.28
34.79
36.29
27.17
41.79
44.88
40.64
45.84
43.54
- -
Operating Margin (%)
26,756
30,601
33,298
56,333
58,610
73,599
69,323
61,828
51,215
56,586
53,766
57,085
63,070
70,324
75,843
81,120
- -
Depreciation Expense
54,410
70,255
63,691
56,461
60,199
20,246
637
24,719
52,675
61,045
24,956
70,320
141,700
123,843
137,936
122,082
- -
Net Income, GAAP
25.06
24.1
29.37
30.17
27.04
- -
- -
32.07
29.91
28.73
28.51
26.63
27.26
28.26
27.37
28
- -
Effective Tax Rate (%)
29.64
28.78
25.61
19.5
21.42
11.63
0.43
13
22.71
25.69
15.79
28.27
32.78
29.38
32.8
30.66
- -
Profit Margin (%)
31,243
61,707
88,457
17,604
37,210
55,831
54,955
77,426
116,994
114,686
88,539
114,031
151,288
126,336
145,734
204,130
- -
Working Capital
11,716
18,076
29,056
82,011
105,383
131,060
130,798
118,358
133,479
143,214
131,035
118,605
109,706
96,066
69,539
66,446
- -
LT Debt
215,766
262,856
309,780
341,620
379,610
386,041
382,371
379,975
419,910
448,226
433,930
481,976
598,383
667,876
749,436
805,184
- -
Total Equity
23.27
24.19
17.66
12.43
12.17
- -
- -
5.93
10.3
10.25
5.09
12.52
20.41
15.73
16.72
14.25
- -
Return on Invested Capital (%)
67.84
42.7
21.47
16.45
13.97
- -
- -
5.99
12.32
13.13
5.7
13.9
24.51
19.43
20.13
16.82
- -
Return on Capital (%)
98.4
53.26
25.13
21.52
18.72
5.57
0.18
7.5
16.48
17.64
6.85
17.67
30.8
23.49
23.02
18.22
22.83
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
3,354
- -
LT Borrowings
- -
58,832
- -
LT Finance Leases
- -
7,614
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
47,530
- -
Market Capitalization
827,371
909,269
1,173,606

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
295,383
- -
Cash, Cash Equivalents & STI
- -
240,693
- -
Accounts Receivable, Net
- -
32,971
- -
Inventories
- -
6,090
- -
Total Current Liabilities
- -
91,253
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
3,354
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.9%
13.3%
7.44%
Free Cash Flow
13.87%
25.12%
-5.36%
Net Income, GAAP
402.41%
54.12%
-11.49%
Sales/Revenue/Turnover
12.73%
24.62%
-5.3%
Total Cash Common Dividend
27.66%
47.24%
-0.72%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
111,468
115,302
99,254
100,230
420,506
2025
- -
- -
- -
- -
398,220
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.84
- -
- -
- -
2.9
2025
- -
- -
- -
- -
2.57
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
- -
- -
- -
1.28
2025
- -
- -
- -
- -
1.27
2026
- -
- -
- -
- -
- -
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Business
CNOOC Limited operates as an investment holding company with its core business encompassing the exploration, development, production, and sale of crude oil and natural gas. The company’s activities are categorized into three main segments: Exploration and Production, Trading Business, and Corporate administration. Domestically, its principal offshore oil and natural gas production is concentrated in China’s key maritime regions, including the Bohai Sea, the Western and Eastern South China Sea, and the East China Sea. Internationally, it holds interests in a diverse portfolio of oil and gas assets located across Asia, Africa, North America, South America, Oceania, and Europe, with operations extending to over 20 countries globally. As of December 31, 2024, the company reported net proved reserves totaling approximately 7.27 billion barrels of oil equivalent, marking a significant increase from previous periods. Additionally, CNOOC Limited is involved in the sales and marketing of petroleum and natural gas, and engages in the exploration, development, and production of unconventional resources such as oil sands and shale oil and gas. Incorporated in Hong Kong in 1999, the company is headquartered in Central, Hong Kong, and functions as a major subsidiary of China National Offshore Oil Corporation.