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CNOOC Limited
(Frankfurt:0883)
CNOOC Limited (0883) vs. iShares MSCI Hong Kong ETF (EWH)
CNOOC Limited Business Overview & Revenue Model
CNOOC Limited Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 420.51B | 416.61B | 432.23B | 246.11B | 155.37B | Gross Profit |
| 225.40B | 307.86B | 277.78B | 201.49B | 119.46B | EBIT |
| 189.96B | 167.77B | 193.32B | 93.20B | 33.63B | EBITDA |
| 261.70B | 235.74B | 260.92B | 156.55B | 92.59B | Net Income Common Stockholders |
| 137.94B | 123.84B | 141.70B | 70.32B | 24.96B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 199.97B | 194.87B | 209.60B | 162.17B | 127.49B | Total Assets |
| 1.06T | 1.01T | 929.03B | 786.57B | 721.27B | Total Debt |
| 91.89B | 117.96B | 134.40B | 135.14B | 143.55B | Net Debt |
| -62.31B | -15.48B | 13.01B | 93.71B | 119.53B | Total Liabilities |
| 306.85B | 337.72B | 330.65B | 304.59B | 287.35B | Stockholders Equity |
| 747.55B | 666.59B | 597.18B | 480.91B | 433.71B |
| Cash Flow | Free Cash Flow | |||
| 97.53B | 88.87B | 110.82B | 65.46B | 6.92B | Operating Cash Flow |
| 220.89B | 209.74B | 205.57B | 147.89B | 82.34B | Investing Cash Flow |
| -175.43B | -78.09B | -98.47B | -96.23B | -50.85B | Financing Cash Flow |
| -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 |
|---|---|---|---|---|---|---|---|
83 Outperform | HK$898.16B | 5.75 | 19.25% | 7.66% | 5.62% | -0.74% | |
80 Outperform | $826.33B | 10.71 | 12.78% | 7.39% | -7.73% | -6.97% | |
73 Outperform | $124.92B | 16.24 | 6.62% | 4.99% | -16.64% | 1.10% | |
59 Neutral | $48.65B | 11.90 | 9.94% | 4.34% | 1.39% | -21.74% | |
57 Neutral | $7.14B | 3.09 | -4.49% | 5.67% | 0.82% | -49.15% |
CNOOC Limited Corporate Events
CNOOC Limited held its 2024 Annual General Meeting on June 5, 2025, where shareholders approved the audited financial statements and re-elected Mr. Zhou Xinhuai as an Executive Director. The meeting saw significant shareholder participation, with a majority of votes cast in favor of the resolutions, reflecting strong support for the company’s current management and strategic direction.
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.
CNOOC Limited has announced an updated list of its board of directors and their respective roles and functions, effective from June 5, 2025. This announcement reflects the company’s strategic focus on governance and sustainability, with Zhou Xinhuai serving as Vice Chairman and CEO, and Yan Hongtao as President. The changes in board composition and committee leadership are expected to enhance the company’s strategic direction and operational efficiency.
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.
CNOOC Limited has announced its 2024 Annual General Meeting scheduled for June 5, 2025, in Hong Kong. The meeting will address resolutions such as the re-election of Mr. Zhou Xinhuai as Executive Director and Mr. Wang Dehua as Non-executive Director. These appointments are crucial for maintaining leadership continuity and strategic direction, potentially impacting the company’s governance and operational focus.
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.
CNOOC Limited announced the retirement of Mr. Chiu Sung Hong as an Independent Non-executive Director, effective after the 2024 AGM, and expressed gratitude for his contributions. The company proposed the appointment of Mr. Chan Chak Ming as his successor, subject to shareholder approval, and announced changes in committee roles, reflecting a strategic shift in leadership that may influence the company’s governance and stakeholder relations.
CNOOC Limited has announced proposed amendments to its Articles of Association and the Rules of Procedures for holding general meetings. These changes aim to align with recent legal and regulatory updates, including the adoption of electronic communication methods and virtual meeting technologies, enhancing shareholder engagement and operational efficiency.
CNOOC Limited has announced the proposal to distribute a final dividend of HK $0.66 per share for the financial year ending December 31, 2024, subject to approval at the annual general meeting on June 5, 2025. The company will withhold a 10% enterprise income tax for non-resident enterprises on the dividend distribution, impacting stakeholders holding Hong Kong Shares, while individual shareholders will not be subject to this withholding tax.
CNOOC Limited has announced an update regarding its final dividend for the year ended December 31, 2024, declaring a dividend of HKD 0.66 per share. The company will withhold a 10% enterprise income tax on dividends distributed to non-resident enterprise holders of Hong Kong shares, in compliance with Chinese tax regulations. This update impacts shareholders by detailing the timeline for dividend distribution and tax obligations, ensuring transparency and adherence to regulatory requirements.
CNOOC Limited reported a decrease in key financial metrics for the first quarter of 2025, with revenue and net profit showing declines of 4.1% and 7.9% respectively compared to the same period last year. Despite these declines, the company saw a growth in total assets and equity attributable to shareholders, indicating a stable financial position. The unaudited financial data, prepared under Chinese Accounting Standards, reflects the company’s ongoing commitment to transparency and accuracy in its financial reporting.
CNOOC Limited announced the resignation of Mr. Wang Dongjin from his roles as Non-executive Director, Chairman of the Board, and Chairman of the Nomination and Strategy and Sustainability Committees, effective April 23, 2025. During the interim period, Vice Chairman Zhou Xinhuai will oversee these responsibilities. The company expressed gratitude for Mr. Wang’s contributions, indicating a smooth transition in leadership without any disagreements or issues raised.
CNOOC Limited announced changes to its board of directors, effective April 23, 2025. The announcement details the roles and functions of the board members, highlighting Zhou Xinhuai as Vice Chairman and CEO, and Yan Hongtao as President. These changes are part of the company’s strategic and sustainability efforts, potentially impacting its governance and operational strategies.
CNOOC Limited has announced that its board of directors will convene on April 29, 2025, to review and approve the financial results for the first quarter ending March 31, 2025. This meeting is significant as it will provide insights into the company’s financial health and operational performance, potentially impacting its market positioning and stakeholder confidence.
CNOOC Limited announced that its actual controller, China National Offshore Oil Corporation (CNOOC Group), plans to increase its shareholdings in the company by investing between RMB2 billion and RMB4 billion in A shares and Hong Kong shares over the next 12 months. This move aims to boost investor confidence, support the company’s stable development, and maintain stock price stability. The plan is compliant with Chinese securities laws, and CNOOC Group has committed not to reduce its shareholdings during this period. However, there are risks that the plan may not meet expectations due to market changes.
CNOOC Limited has announced a final ordinary cash dividend of HKD 0.66 per share for the financial year ending December 31, 2024. This announcement reflects the company’s ongoing commitment to returning value to its shareholders and may influence investor sentiment positively, although specific dates for shareholder approval, ex-dividend, and payment are yet to be disclosed.
CNOOC Limited reported record highs in reserves and production for 2024, driven by strategic exploration and development efforts, including 11 new oil and gas discoveries. The company achieved significant growth in production, expanded its global operations, and maintained strong cost competitiveness, resulting in substantial operating revenues and net profits. CNOOC also emphasized its commitment to green and low-carbon development, making strides in offshore wind power and CCS/CCUS industrialization, while maintaining a focus on shareholder returns and corporate governance.
CNOOC Limited has announced that its board of directors will meet on March 27, 2025, to approve the company’s annual results for the year ending December 31, 2024, and to consider a recommendation for a final dividend payment. This meeting is significant as it will provide insights into the company’s financial performance and strategic direction, potentially impacting investor confidence and market positioning.