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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 | HK$910.10B | 14.36 | ― | 8.97% | -13.87% | -15.41% | |
72 Outperform | HK$138.36B | 9.02 | ― | 8.02% | 0.80% | -35.81% | |
70 Outperform | $1.96T | 8.83 | 10.16% | 6.32% | -6.92% | -2.57% | |
68 Neutral | HK$1.06T | 7.47 | 17.50% | 6.76% | -9.81% | -8.84% | |
68 Neutral | HK$763.09B | 15.10 | ― | 5.52% | -10.02% | -27.89% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | HK$179.84B | 9.14 | 10.99% | 4.59% | -3.42% | -18.73% |
CNOOC Limited Corporate Events
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 appointment in Hong Kong; the company stated there was no disagreement with the board or issues requiring shareholder attention and expressed gratitude for his service. To maintain the strength of its governance structure, the board has appointed Independent Non-executive Director Qiu Zhi Zhong to the Audit Committee and Independent Non-executive Director Lin Boqiang to the Remuneration Committee, moves that help ensure continuity and stability in the company’s oversight and remuneration governance as of the same effective date.
The most recent analyst rating on (HK:0883) stock is a Hold with a HK$24.50 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 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, remuneration, and strategy and sustainability committees. The refreshed structure, with Chairman Zhang Chuanjiang leading the nomination and strategy and sustainability committees and independent directors chairing the audit and remuneration committees, underscores the company’s emphasis on corporate governance, oversight, and strategic planning as it enters the new period, providing clarity to investors and other stakeholders on the governance framework guiding management and long-term strategy.
The most recent analyst rating on (HK:0883) stock is a Hold with a HK$24.50 price target. To see the full list of analyst forecasts on CNOOC Limited stock, see the HK:0883 Stock Forecast page.
CNOOC Limited has 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 the composition of the Nomination Committee, requiring a majority of independent non-executive directors, at least one director of a different gender, and compliance with independence rules of the exchanges where the company is listed. It also specifies meeting frequency, quorum, reporting obligations to the board and shareholders, and the committee’s authority to engage external search firms and independent advisers at the company’s expense. By codifying responsibilities such as setting nomination policies, developing criteria for board candidates, reviewing board structure, diversity and effectiveness, and assessing directors’ time commitments, CNOOC aims to strengthen board oversight, enhance transparency and align its governance practices with evolving regulatory and investor expectations.
The most recent analyst rating on (HK:0883) stock is a Hold with a HK$24.50 price target. To see the full list of analyst forecasts on CNOOC Limited stock, see the HK:0883 Stock Forecast page.
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 caps, indicates strong shareholder support and is expected to enhance the company’s operational continuity and strategic positioning in the energy market.
The most recent analyst rating on (HK:0883) stock is a Hold with a HK$24.50 price target. To see the full list of analyst forecasts on CNOOC Limited stock, see the HK:0883 Stock Forecast page.
CNOOC Limited announced 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 is also adjusted accordingly, affecting the eligibility of shareholders to attend and vote. The venue for the EGM remains unchanged, and previously submitted proxy forms will still be valid, ensuring continuity in the voting process.
The most recent analyst rating on (HK:0883) stock is a Hold with a HK$24.50 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 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.