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The latest update is out from CNOOC Limited ( (HK:0883) ).
CNOOC Limited said its controlling shareholder, China National Offshore Oil Corporation, has modestly increased its stake in the company and will extend its existing share purchase plan by one year. The move underscores the parent’s confidence in CNOOC’s long-term prospects while keeping its overall holding above 62% and signals continued state-backed support for the offshore producer amid changing market conditions.
Since April 2025, CNOOC Group has bought an additional 25,003,500 shares across A shares and Hong Kong shares, amounting to about 0.0526% of the company’s issued capital. As the purchases have not reached the lower limit originally set, the plan will now run until April 2027, with the parent pledging not to cut its holdings during the program, though it cautioned that market volatility could still affect execution.
The most recent analyst rating on (HK:0883) stock is a Buy with a HK$29.00 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 major Chinese offshore oil and gas producer, operating exploration, development, and production assets across domestic and overseas waters. The company focuses on upstream hydrocarbon extraction and related energy businesses, and is ultimately controlled by state-owned China National Offshore Oil Corporation, which holds a dominant majority stake through various subsidiaries.
Average Trading Volume: 144,627,969
Technical Sentiment Signal: Buy
Current Market Cap: HK$1404.3B
See more data about 0883 stock on TipRanks’ Stock Analysis page.