Top Page
CNOOC Limited
(0883)
CNOOC Limited (0883) vs. iShares MSCI Hong Kong ETF (EWH)
CNOOC Limited Business Overview & Revenue Model
CNOOC Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 401.34B | 420.51B | 416.61B | 432.23B | 246.11B | 155.37B |
| Gross Profit | 214.59B | 225.40B | 307.86B | 277.78B | 201.49B | 119.46B |
| EBITDA | 254.41B | 261.70B | 235.74B | 260.92B | 156.55B | 92.59B |
| Net Income | 127.74B | 137.94B | 123.84B | 141.70B | 70.32B | 24.96B |
Balance Sheet | ||||||
| Total Assets | 1.12T | 1.06T | 1.01T | 929.03B | 786.57B | 721.27B |
| Cash, Cash Equivalents and Short-Term Investments | 256.70B | 199.97B | 194.87B | 209.60B | 162.17B | 127.49B |
| Total Debt | 72.44B | 91.89B | 120.18B | 134.40B | 135.14B | 143.55B |
| Total Liabilities | 330.58B | 306.85B | 337.72B | 330.65B | 304.59B | 287.35B |
| Stockholders Equity | 786.47B | 747.55B | 666.59B | 597.18B | 480.91B | 433.71B |
Cash Flow | ||||||
| Free Cash Flow | 90.48B | 97.53B | 92.38B | 110.82B | 65.46B | 6.92B |
| Operating Cash Flow | 211.52B | 220.89B | 213.34B | 205.57B | 147.89B | 82.34B |
| Investing Cash Flow | -170.41B | -175.43B | -78.09B | -98.47B | -96.23B | -50.85B |
| Financing Cash Flow | -90.06B | -97.94B | -84.23B | -64.96B | -33.33B | -38.70B |
CNOOC Limited Technical Analysis
CNOOC Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $922.67B | 14.25 | ― | 2.51% | -13.87% | -15.41% | |
74 Outperform | HK$190.44B | 9.53 | 10.99% | 3.92% | -3.42% | -18.73% | |
73 Outperform | $1.86T | 8.94 | ― | 5.82% | -6.92% | -2.57% | |
72 Outperform | $144.29B | 9.04 | ― | 6.81% | 0.80% | -35.81% | |
68 Neutral | €998.92B | 7.04 | 17.50% | 6.21% | -9.81% | -8.84% | |
67 Neutral | $693.46B | 13.25 | 4.35% | 5.67% | -10.02% | -27.89% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
CNOOC Limited Corporate Events
CNOOC Limited has announced an extraordinary general meeting scheduled for December 10, 2025, where shareholders will consider and vote on resolutions related to Non-exempt Continuing Connected Transactions. These transactions are expected to occur regularly in the company’s ordinary course of business and are to be conducted on standard commercial terms. The approval of these resolutions is crucial for the company’s operational continuity and could impact its market positioning by ensuring seamless business operations.
The most recent analyst rating on (HK:0883) stock is a Buy with a HK$22.00 price target. To see the full list of analyst forecasts on CNOOC Limited stock, see the HK:0883 Stock Forecast page.
CNOOC Limited has announced the renewal of its Continuing Connected Transactions for the period from 2026 to 2028, following the approval of similar transactions for 2023 to 2025. The renewal involves a Comprehensive Framework Agreement with CNOOC and its associates, allowing for the provision of various products and services between the parties. This move requires approval from independent shareholders and is expected to maintain the company’s operational continuity and strengthen its market position.
The most recent analyst rating on (HK:0883) stock is a Buy with a HK$21.50 price target. To see the full list of analyst forecasts on CNOOC Limited stock, see the HK:0883 Stock Forecast page.
CNOOC Limited’s third quarter report for 2025 reveals a mixed financial performance. The company reported a revenue increase of 5.7% compared to the same period last year, reaching RMB 104,895 million. However, there was a decline in net profit attributable to equity shareholders by 12.2%, amounting to RMB 32,438 million. The report highlights a decrease in profit before income tax by 8.5% and a reduction in net cash flows from operating activities by 6.0%. Despite these challenges, the company’s total assets grew by 6.6% compared to the end of last year, indicating a strengthening asset base.
The most recent analyst rating on (HK:0883) stock is a Buy with a HK$21.50 price target. To see the full list of analyst forecasts on CNOOC Limited stock, see the HK:0883 Stock Forecast page.
CNOOC Limited announced the resignation of Mr. Zhou Xinhuai from his roles as Executive Director, Vice Chairman of the Board, and Chief Executive Officer, effective October 20, 2025. The board expressed gratitude for Mr. Zhou’s contributions to the company and the offshore oil industry, indicating a smooth transition without any disagreements or issues requiring shareholder attention.
The most recent analyst rating on (HK:0883) stock is a Buy with a HK$21.00 price target. To see the full list of analyst forecasts on CNOOC Limited stock, see the HK:0883 Stock Forecast page.
CNOOC Limited has announced an update to its board of directors and their roles within various committees, effective from October 20, 2025. This restructuring is likely to impact the company’s strategic direction and governance, potentially influencing its operational efficiency and stakeholder relations.
The most recent analyst rating on (HK:0883) stock is a Buy with a HK$21.00 price target. To see the full list of analyst forecasts on CNOOC Limited stock, see the HK:0883 Stock Forecast page.
CNOOC Limited has announced that its board of directors will meet on October 30, 2025, to consider and approve the financial results for the nine months ending September 30, 2025. This meeting is significant for stakeholders as it will provide insights into the company’s financial health and operational performance, potentially impacting its market positioning and investor confidence.
The most recent analyst rating on (HK:0883) stock is a Buy with a HK$21.00 price target. To see the full list of analyst forecasts on CNOOC Limited stock, see the HK:0883 Stock Forecast page.
CNOOC Limited announced that its controlling shareholder, China National Offshore Oil Corporation (CNOOC Group), has increased its shareholdings in the company by 22,098,000 shares, representing approximately 0.05% of the total issued shares. This move is part of a Shareholding Increase Plan, although the progress has been slower than anticipated due to market fluctuations. The plan complies with Chinese securities laws, and CNOOC Group intends to continue increasing its shareholdings, while investors are cautioned about potential risks due to market conditions.
The most recent analyst rating on (HK:0883) stock is a Sell with a HK$12.10 price target. To see the full list of analyst forecasts on CNOOC Limited stock, see the HK:0883 Stock Forecast page.
In the first half of 2025, CNOOC Limited navigated a challenging market environment by increasing its oil and gas reserves and production, achieving significant exploration successes offshore China and expanding overseas potential in Guyana and Kazakhstan. The company also made strides in green transformation and technological innovation, with record-high production levels and advancements in digital solutions. Despite a decrease in oil and gas sales and net profit, CNOOC maintained a strong operational foundation and declared an interim dividend, reflecting its commitment to shareholder returns.
The most recent analyst rating on (HK:0883) stock is a Buy with a HK$21.50 price target. To see the full list of analyst forecasts on CNOOC Limited stock, see the HK:0883 Stock Forecast page.
CNOOC Limited announced an interim dividend of HKD 0.73 per share for the first half of 2025, payable on October 17, 2025. The company, confirmed as a resident enterprise of the People’s Republic of China, will withhold a 10% enterprise income tax on dividends distributed to non-resident enterprise holders of Hong Kong shares. This announcement reflects CNOOC’s commitment to returning value to shareholders while adhering to tax regulations, potentially impacting investor returns and the company’s financial strategies.
The most recent analyst rating on (HK:0883) stock is a Buy with a HK$21.50 price target. To see the full list of analyst forecasts on CNOOC Limited stock, see the HK:0883 Stock Forecast page.
CNOOC Limited has outlined the structure and responsibilities of its Audit Committee, which is designed to assist the board in ensuring the integrity of financial statements, the independence and performance of external auditors, and compliance with legal and regulatory requirements. The committee is also tasked with overseeing risk management and internal control systems, and it plays a crucial role in corporate governance. This announcement highlights CNOOC Limited’s commitment to maintaining robust financial oversight and governance practices, which could enhance investor confidence and strengthen its market position.
The most recent analyst rating on (HK:0883) stock is a Buy with a HK$21.50 price target. To see the full list of analyst forecasts on CNOOC Limited stock, see the HK:0883 Stock Forecast page.
CNOOC Limited has announced that its board of directors will convene on August 27, 2025, to approve the interim results for the first half of the year and consider the payment of an interim dividend. This meeting is crucial as it will provide insights into the company’s financial health and strategic direction, potentially impacting its market position and stakeholder interests.
The most recent analyst rating on (HK:0883) stock is a Buy with a HK$23.00 price target. To see the full list of analyst forecasts on CNOOC Limited stock, see the HK:0883 Stock Forecast page.