CNOOC Limited (HK:0883)
:0883
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CNOOC Limited
(0883)
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Rating:68Neutral
Price Target:
HK$27.00
▼(-0.07% Downside)
Action:DowngradedDate:11/11/25
CNOOC Limited's strong financial performance and attractive valuation are key strengths, supporting a solid overall score. However, technical indicators suggest the stock is currently overbought, which could lead to short-term volatility. The absence of recent earnings call insights or notable corporate events limits additional context.
Positive Factors
Low leverage and strong equity base
Very low debt burden and a high equity ratio provide enduring financial flexibility, enabling the company to fund offshore development, withstand commodity downturns, and pursue opportunistic acquisitions without stressing cash flows. High ROE signals efficient capital use long-term.
Negative Factors
Recent negative revenue growth
Material year-over-year revenue contraction signals demand or production headwinds that could persist without new reserves or project ramp-ups. Continued negative top-line trends constrain reinvestment capacity and may pressure long-term organic growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and strong equity base
Very low debt burden and a high equity ratio provide enduring financial flexibility, enabling the company to fund offshore development, withstand commodity downturns, and pursue opportunistic acquisitions without stressing cash flows. High ROE signals efficient capital use long-term.
Read all positive factors
CNOOC Limited (0883) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.33T
Dividend Yield6.76%
Average Volume (3M)61.47M
Price to Earnings (P/E)7.6
Beta (1Y)0.54
Revenue Growth-9.81%
EPS Growth-8.84%
CountryHK
Employees22,181
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.47
Shares Outstanding44,539,953,000
10 Day Avg. Volume72,437,011
30 Day Avg. Volume61,467,658
Financial Highlights & Ratios
PEG Ratio0.54
Price to Book (P/B)1.14
Price to Sales (P/S)2.03
P/FCF Ratio8.76
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$31.85Price Target Upside17.87% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)3.31
Revenue Forecast (FY)HK$473.06B
CNOOC Limited Business Overview & Revenue Model
Company Description
CNOOC Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas. It operates through three segments: E&P, Trading Business, and Corporate. The company produces offshore crude...
How the Company Makes Money
CNOOC Limited generates revenue primarily through the sale of crude oil and natural gas. The company operates on a revenue model that includes both upstream and downstream activities, with a significant portion of its income derived from the produ...
CNOOC Limited Financial Statement Overview
Summary
Income Statement
87
Very Positive
Balance Sheet
85
Very Positive
Cash Flow
80
Positive
| 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
Neutral
27.02
Price Trends
26.17
Positive
23.77
Positive
21.15
Positive
Market Momentum
0.49
Positive
45.41
Neutral
13.82
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0883, the sentiment is Neutral. The current price of 27.02 is below the 20-day moving average (MA) of 28.61, above the 50-day MA of 26.17, and above the 200-day MA of 21.15, indicating a neutral trend. The MACD of 0.49 indicates Positive momentum. The RSI at 45.41 is Neutral, neither overbought nor oversold. The STOCH value of 13.82 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0883.
CNOOC Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$2.50T | 8.75 | 10.16% | 6.32% | -6.92% | -2.57% | |
74 Outperform | HK$1.12T | 13.10 | 12.82% | 8.97% | -13.87% | -15.41% | |
68 Neutral | HK$1.33T | 7.65 | 16.65% | 6.76% | -9.81% | -8.84% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | HK$189.52B | 9.73 | ― | 8.02% | 0.80% | -35.81% | |
62 Neutral | HK$239.36B | 8.39 | 10.99% | 4.59% | -3.42% | -18.73% | |
50 Neutral | HK$756.37B | 16.07 | ― | 5.52% | -10.02% | -27.89% |
* Energy Sector Average
HK:0883
CNOOC Limited
27.02
12.49
85.99%
HK:1898
China Coal Energy Co
13.59
6.78
99.62%
HK:1088
China Shenhua Energy Co
46.58
19.53
72.22%
HK:0857
PetroChina Company
10.77
5.81
116.96%
HK:0386
China Petroleum & Chemical
4.59
1.05
29.55%
HK:1171
Yankuang Energy Group Company Limited Class H
14.57
7.83
116.30%
CNOOC Limited Corporate Events
CNOOC Limited Reshuffles Board Committees After Independent Director Resigns
Dec 29, 2025
CNOOC Limited announced that Independent Non-executive Director Chan Chak Ming has resigned from the board, as well as from the Audit Committee and Remuneration Committee, effective 29 December 2025 following his acceptance of a government appoint...
CNOOC Limited Updates Board Composition and Committee Roles Effective Late 2025
Dec 29, 2025
CNOOC Limited has announced an updated composition of its board of directors and the allocation of roles across key board committees, effective 29 December 2025, detailing which members serve as chairmen or members of the audit, nomination, remune...
CNOOC Limited Strengthens Governance with New Nomination Committee Charter
Dec 29, 2025
CNOOC Limited has formalized a Nomination Committee Charter that sets out a structured framework for selecting directors and senior management, evaluating board performance and overseeing key aspects of corporate governance. The charter details th...
CNOOC Limited Secures Shareholder Approval for Key Transactions
Dec 16, 2025
CNOOC Limited held an Extraordinary General Meeting (EGM) on December 16, 2025, where shareholders approved the renewal of Non-exempt Continuing Connected Transactions for 2026 to 2028. The approval of these transactions, along with the proposed c...
CNOOC Limited Reschedules Extraordinary General Meeting to December 16, 2025
Nov 27, 2025
CNOOC Limited announced a rescheduling of its Extraordinary General Meeting (EGM) from December 10, 2025, to December 16, 2025, due to the need for coordination of meeting arrangements. The extension of the book closure period for Hong Kong Shares...
CNOOC Limited Announces Extraordinary General Meeting for Key Resolutions
Nov 7, 2025
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 occu...
CNOOC Limited Renews Key Transactions for 2026-2028
Oct 30, 2025
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...
CNOOC Limited Reports Mixed Financial Results for Q3 2025
Oct 30, 2025
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 pro...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.