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An update from CNOOC Limited ( (HK:0883) ) is now available.
CNOOC Limited reported unaudited first-quarter 2026 results showing revenue of RMB 116.08 billion, up 8.6% year on year, and net profit attributable to equity shareholders of RMB 39.14 billion, a 7.1% increase, with basic and diluted earnings per share rising to RMB 0.82. Despite a 3.7% decline in net operating cash flow to RMB 55.15 billion, total assets and equity attributable to shareholders grew 4.8% and 4.3% respectively, underscoring continued balance sheet expansion and stable profitability for stakeholders.
The company’s weighted average return on net assets was essentially flat at 4.77%, indicating steady capital efficiency even as profits improved. Management affirmed the accuracy and completeness of the unaudited figures, suggesting operational resilience and measured growth momentum in the early part of 2026 under prevailing market conditions.
The most recent analyst rating on (HK:0883) stock is a Buy with a HK$37.80 price target. To see the full list of analyst forecasts on CNOOC Limited stock, see the HK:0883 Stock Forecast page.
More about CNOOC Limited
CNOOC Limited is a Hong Kong–incorporated oil and gas company focused on exploration, development and production activities, with its shares listed in both Hong Kong dollar and renminbi counters on the Hong Kong Stock Exchange. Operating under Chinese Accounting Standards for Business Enterprises, it is a major player in China’s offshore energy sector and a significant contributor to the country’s hydrocarbon supply.
Average Trading Volume: 158,543,729
Technical Sentiment Signal: Buy
Current Market Cap: HK$1371.8B
For detailed information about 0883 stock, go to TipRanks’ Stock Analysis page.