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China Oilfield Services
(2883)
China Oilfield Services (2883) vs. iShares MSCI Hong Kong ETF (EWH)
China Oilfield Services Business Overview & Revenue Model
China Oilfield Services Earnings Call Summary
China Oilfield Services Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 49.09B | 48.30B | 44.11B | 35.66B | 29.20B | 28.96B |
| Gross Profit | 7.88B | 7.58B | 7.00B | 4.38B | 4.79B | 6.67B |
| EBITDA | 5.50B | 10.56B | 9.75B | 7.92B | 5.91B | 8.45B |
| Net Income | 3.51B | 3.14B | 3.01B | 2.36B | 313.18M | 2.70B |
Balance Sheet | ||||||
| Total Assets | 83.97B | 82.95B | 83.25B | 77.18B | 73.31B | 75.94B |
| Cash, Cash Equivalents and Short-Term Investments | 7.22B | 11.47B | 12.72B | 9.23B | 10.82B | 12.13B |
| Total Debt | 11.33B | 10.09B | 21.62B | 22.22B | 23.44B | 25.81B |
| Total Liabilities | 38.55B | 38.52B | 40.99B | 37.29B | 35.10B | 37.25B |
| Stockholders Equity | 44.70B | 43.80B | 41.64B | 39.33B | 38.03B | 38.51B |
Cash Flow | ||||||
| Free Cash Flow | -641.33M | 4.99B | 3.62B | 2.76B | 3.67B | 3.36B |
| Operating Cash Flow | -494.74M | 11.02B | 13.10B | 6.90B | 7.42B | 7.55B |
| Investing Cash Flow | -4.86B | -5.08B | -7.46B | -3.73B | -4.73B | -3.34B |
| Financing Cash Flow | -4.86B | -6.46B | -3.28B | -4.87B | -4.20B | -727.05M |
China Oilfield Services Technical Analysis
China Oilfield Services Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $56.04B | 8.40 | 8.58% | 3.31% | 2.58% | 7.10% | |
| ― | $1.22B | 17.70 | 2.87% | 2.63% | -59.96% | -83.53% | |
| ― | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
| ― | $3.26B | 9.49 | 8.78% | 2.60% | 10.16% | 49.48% | |
| ― | €388.48M | -1.06 | -11.09% | ― | -2.11% | -779.00% | |
| ― | HK$9.76B | ― | -1.68% | 0.61% | 4.66% | -432.65% | |
| ― | HK$5.34B | ― | -20.65% | ― | 17.21% | 59.09% |
China Oilfield Services Corporate Events
China Oilfield Services Limited (COSL), a leading provider in the oilfield services sector, specializes in offshore drilling, marine support, and geophysical acquisition services. The company operates primarily in the energy sector, offering high-quality equipment and technological support for exploration and production enhancement.
China Oilfield Services Limited announced its unaudited financial results for the third quarter of 2025, reporting a significant increase in profitability. The company’s net profit attributable to shareholders rose by 46.1% compared to the same period last year, reflecting strong operational performance and improved market conditions. Despite a decrease in net cash flows from operating activities, the company’s revenue and profit margins have shown positive growth, indicating a robust financial position and potential for future expansion.
The most recent analyst rating on (HK:2883) stock is a Buy with a HK$7.50 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.
China Oilfield Services has entered into a new Master Services Framework Agreement with CNOOC, effective from January 1, 2026, continuing their collaboration for three more years. This agreement involves the provision of oilfield services by China Oilfield Services to CNOOC, while CNOOC will provide machinery leasing, kinetic energy, materials, and other ancillary services. The agreement is subject to approval by independent shareholders and is considered a continuing connected transaction under Hong Kong Listing Rules, reflecting the strategic partnership between the two entities.
The most recent analyst rating on (HK:2883) stock is a Buy with a HK$7.50 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.
China Oilfield Services Limited has announced its intention to publish its third-quarter results for 2025 on the Hong Kong Stock Exchange website on October 29, 2025. To provide investors with a deeper understanding of its financial performance and business conditions, the company will hold a results presentation via telephone conference on October 30, 2025, where management will address investor concerns and answer questions.
The most recent analyst rating on (HK:2883) stock is a Buy with a HK$7.50 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.
China Oilfield Services Limited has announced a board meeting scheduled for October 29, 2025, to consider and potentially approve the company’s third quarterly results for the period ending September 30, 2025. This meeting is crucial as it will provide insights into the company’s financial performance and could impact its market positioning and stakeholder interests.
The most recent analyst rating on (HK:2883) stock is a Buy with a HK$7.50 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.
China Oilfield Services Limited announced that its controlling shareholder, China National Offshore Oil Corporation (CNOOC), increased its shareholding by acquiring 16,008,000 H shares, representing approximately 0.34% of the total issued shares. This move is part of a broader Shareholding Increase Plan, which aims to strengthen CNOOC’s position in the company. However, due to market fluctuations, the increase has not yet reached 50% of the planned amount, and CNOOC intends to continue acquiring shares as conditions allow. The plan complies with relevant Chinese securities laws, and the company will continue to monitor and disclose its progress.
The most recent analyst rating on (HK:2883) stock is a Hold with a HK$7.50 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.
China Oilfield Services Limited, a subsidiary of China National Offshore Oil Corporation (CNOOC), is a leading provider of oilfield services including drilling, well services, marine support, and geophysical acquisition, primarily operating in the energy sector across various international markets.
China Oilfield Services reported its interim financial results for the first half of 2025, achieving a revenue of RMB23,295.1 million and a profit from operations of RMB2,908.6 million. The company’s profit for the period was RMB2,076.8 million, with basic earnings per share at RMB0.41. Despite facing challenges such as depreciation and employee compensation costs, the company managed to maintain profitability, reflecting its strong operational capabilities and market positioning.
The most recent analyst rating on (HK:2883) stock is a Buy with a HK$8.60 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.
China Oilfield Services Limited has announced proposed amendments to its Articles of Association, including the cancellation of its Supervisory Committee, with its functions being transferred to the audit committee of the Board. These changes are in response to updates in the Company Law of the People’s Republic of China and other regulatory requirements, aiming to streamline governance and align with current legal standards. The Board believes these amendments will not adversely affect shareholders’ rights and are in the best interest of the company and its stakeholders, supporting its business development.
The most recent analyst rating on (HK:2883) stock is a Buy with a HK$8.60 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.
China Oilfield Services Limited announced its plans to release the 2025 interim results on August 26, 2025, with a subsequent results presentation scheduled for August 27, 2025. The presentation aims to provide investors with a comprehensive understanding of the company’s business condition and address investor concerns, potentially impacting stakeholder perceptions and market positioning.
The most recent analyst rating on (HK:2883) stock is a Buy with a HK$11.00 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.
China Oilfield Services Limited has announced a board meeting scheduled for August 26, 2025, to consider and potentially approve the interim results for the first half of the year. This meeting is significant as it will provide insights into the company’s financial performance and strategic direction, impacting stakeholders and potentially influencing its market positioning.
The most recent analyst rating on (HK:2883) stock is a Buy with a HK$11.00 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.