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600938 CG​
HomeStock ScreenerDocument SearchChartingWatchlistsRecent Filings

Cnooc Ltd Class A(600938 CG)

$30.85+0.622.05%(Market Closed · 07:00:02 UTC · (15 min delay))
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Overview

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  • Home
  • AI Agent
  • Annotations
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  • Pricing and plans
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  • Get the full experience

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600938 CG​
HomeStock ScreenerDocument SearchChartingWatchlistsRecent Filings

Cnooc Ltd Class A(600938 CG)

$30.85+0.622.05%(Market Closed · 07:00:02 UTC · (15 min delay))
Ask AI
Doc SearchProfileEntity StructureFinancialsChartingEmployees

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingEmployees

Financials & Metrics

FinancialsChartingEmployees

Cnooc Ltd Class A — Company Profile

CNOOC Limited, an investment holding firm, is primarily involved in the full spectrum of crude oil and natural gas operations, encompassing their discovery, development, production, and subsequent sale. The company organizes its activities into two core divisions: Exploration & Production (E&P) and Trading. Key offshore regions for its crude oil and natural gas output within China include Bohai, the Western and Eastern South China Sea, and the East China Sea. Beyond its domestic operations, CNOOC also holds stakes in diverse oil and gas ventures spanning Asia, Africa, North America, South America, Oceania, and Europe. Additionally, its business scope extends to the trading of petroleum and natural gas, the exploration, development, and extraction of oil sands, and the pursuit of unconventional natural gas resources, such as shale gas, within mainland China. Founded in 1999 and based in Central, Hong Kong, CNOOC Limited maintains a broad international presence, operating in countries like China, Indonesia, Iraq, Russia, Canada, the United States, the United Kingdom, Nigeria, Uganda, Argentina, Brazil, Guyana, and Australia. It functions as a subsidiary of China National Offshore Oil Corporation.

Sector
Energy
Industry
Oil, Gas & Consumable Fuels
Exchange
CG
CEO
Yongzhang Huang
Headquarters
Hong Kong, F4, HK
IPO Date
Apr 21, 2022
Employees
20,810
Website
www.cnoocltd.com

Key Metrics

Price
$33.42
Market Cap
$1.16T
Revenue (TTM)
$396.18B
Net Income (TTM)
$122.08B
EPS (TTM)
2.57
P/E (TTM)
0.00
P/B (TTM)
1.44
Dividend Yield
7.55%
ROE (TTM)
15.21%
ROA (TTM)
11.11%
Operating Margin
44.75%
Beta
-0.23

Dividends

Last Dividend
$0.67
Last Yield
0.08%

Summary

CNOOC Limited, an investment holding firm, is primarily involved in the full spectrum of crude oil and natural gas operations, encompassing their discovery, development, production, and subsequent sale. The company organizes its activities into two core divisions: Exploration & Production (E&P) and Trading. Key offshore regions for its crude oil and natural gas output within China include Bohai, the Western and Eastern South China Sea, and the East China Sea. Beyond its domestic operations, CNOOC also holds stakes in diverse oil and gas ventures spanning Asia, Africa, North America, South America, Oceania, and Europe. Additionally, its business scope extends to the trading of petroleum and natural gas, the exploration, development, and extraction of oil sands, and the pursuit of unconventional natural gas resources, such as shale gas, within mainland China. Founded in 1999 and based in Central, Hong Kong, CNOOC Limited maintains a broad international presence, operating in countries like China, Indonesia, Iraq, Russia, Canada, the United States, the United Kingdom, Nigeria, Uganda, Argentina, Brazil, Guyana, and Australia. It functions as a subsidiary of China National Offshore Oil Corporation.

Website
www.cnoocltd.com
Location
Hong Kong, F4, HK
Phone852 2213 2500
Employees20,810
CEOYongzhang Huang
Sector
Energy
Industry
Oil, Gas & Consumable Fuels
IPO DateApr 21, 2022

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(860)

Expand
  • 6-KCurrent report (foreign private issuer)30 Nov 2021
  • 15F-12BTermination of registration (Section 12(b))30 Nov 2021
  • 6-KCurrent report (foreign private issuer)29 Nov 2021
  • 6-KCurrent report (foreign private issuer)23 Nov 2021
  • 6-KCurrent report (foreign private issuer)15 Nov 2021
  • 6-KCurrent report (foreign private issuer)28 Oct 2021
  • 6-KCurrent report (foreign private issuer)26 Oct 2021
  • 25-NSENotification of removal from listing12 Oct 2021
  • 6-KCurrent report (foreign private issuer)12 Oct 2021
  • 6-KCurrent report (foreign private issuer)4 Oct 2021
  • 6-KCurrent report (foreign private issuer)30 Sep 2021
  • 6-KCurrent report (foreign private issuer)27 Sep 2021
  • 6-KCurrent report (foreign private issuer)24 Sep 2021
  • 6-KCurrent report (foreign private issuer)23 Sep 2021
  • 6-KCurrent report (foreign private issuer)1 Sep 2021
  • 6-KCurrent report (foreign private issuer)26 Aug 2021
  • 6-KCurrent report (foreign private issuer)23 Aug 2021
  • 6-KCurrent report (foreign private issuer)19 Aug 2021
  • 6-KCurrent report (foreign private issuer)5 Aug 2021
  • 6-KCurrent report (foreign private issuer)3 Aug 2021

Mentions in Filings

  • … portion of the Company’s contract receivables relates to contracts that are currently subject to dispute with customers Contracts receivable balances related to projects under dispute include legal disputed contracts with <strong>CNOOC</strong> of $31.3 million and Oil India of $4.7 million, of which the entire allowance for credit loss balance relates to. There were no contract receivable balances related to contracts with step-in right suits or other legal case …
    VME Companies, Inc.Cnooc Ltd Class A·S-1/A - Registration statement (general form, amendment)·Q4 26·10 Nov
  • … nt to acquire the assets of Laramie Energy, providing additional natural gas supply for Enbridge Gas Utah's customers under an existing cost-of-service framework • Sanctioned $0.2 billion Long Lake Expansion, supporting <strong>CNOOC</strong> Petroleum North America's growing operations in Northern Alberta • Placed the Aspen Point expansion of B.C. Pipeline and Tennessee Ridgeline projects into service 1 --- CEO COMMENT Greg Ebel, President and CEO commen …
    ENBRIDGE INCCnooc Ltd Class A·EX-99.1 - 8-K - Results of Operations and Financial Condition·Q4 26·6 Nov
  • … )Reported production volumes in the Conventional and Offshore segments include Cenovus’s 30 percent equity interest in the Duvernay Energy Corporation (“Duvernay”) joint venture and 40 percent equity interest in the Husky-<strong>CNOOC</strong> Madura Limited (“HCML”) joint venture, respectively. Our equity interests in Duvernay and HCML are accounted for using the equity method in the interim Consolidated Financial Statements. Total upstream production increase …
    CENOVUS ENERGY INC.Cnooc Ltd Class A·EX-99.2 - 6-K - Current report (foreign private issuer)·Q3 26·4 Nov
  • … er diversification. •Offshore, includes offshore operations, exploration and development activities in the east coast of Canada and the Asia Pacific region, representing China and the equity-accounted investment in Husky-<strong>CNOOC</strong> Madura Limited (“HCML”), which is engaged in the exploration for, and production of, NGLs and natural gas in offshore Indonesia. Downstream Segments •Canadian Refining, includes the owned and operated Lloydminster upgrad …
    CENOVUS ENERGY INC.Cnooc Ltd Class A·EX-99.3 - 6-K - Current report (foreign private issuer)·Q3 26·4 Nov
  • … rtible bond offering for China Mobile, a $5.6 billion exchangeable convertible bond issuance by Hutchison Whampoa into Vodafone Plc, and the $1.5 billion initial public offering of China National Offshore Oil Corporation (<strong>CNOOC</strong>). Between 1996 and 2001 he was managing director and regional head of Merrill Lynch’s Asian Equity Capital Markets (ECM) group. Prior to this appointment he worked in the ECM group for Merrill Lynch in London and New York. …
    Apex Treasury Corp IICnooc Ltd Class A·S-1 - REGISTRATION STATEMENT·Q4 26·13 Oct
  • … portion of the Company’s contract receivables relates to contracts that are currently subject to dispute with customers Contracts receivable balances related to projects under dispute include legal disputed contracts with <strong>CNOOC</strong> of $31.3 million and Oil India of $4.7 million, of which the entire allowance for credit loss balance relates to. There were no contract receivable balances related to contracts with step-in right suits or other legal case …
    VME Companies, Inc.Cnooc Ltd Class A·S-1/A - Registration statement (general form, amendment)·Q4 26·9 Oct

Key Stats

Trading

Px/Chg 1D$33.42 / +0.18%
Prev Close$33.43
% of 52Wk H75.01%
Avg Volume70.46M
Beta-0.23
Mkt Cap1.16T
FD Mkt Cap1.15T

Float

Shrs Out/Float34.57B / 17.09B
Short Float0.00%
Days to Cover0.00
Stock Repurchased$0.00

Current Valuation

EV1.15T
EV/EBITDA0.00
EV/Sales0.00
P/B1.44
P/S0.00
FCF Yield3.62%
ROE15.21%
ROA11.11%
Current Ratio3.24

Dividend

Cash$0.67
Yield7.55%
Yield (TTM)7.55%

Estimates

P/E0.00
Est P/E0.00
Est EPS1.17
Est PEG0.00

Valuation

Metric5Yr AvgJun '22Jun '23Jun '24Jun '25Sep '26
PRICE-BASED RATIOS
Price / Earnings12.1711.235.9512.699.0121.98
Price / Sales3.603.212.003.772.956.07
Price / Book Value1.701.641.412.361.661.44
Price / Free Cash Flow15.4112.067.6017.0112.7427.63
ENTERPRISE VALUE METRICS
Enterprise Value1,126,387.8884,418.3856,927.51,559,882.11,181,954.31,148,756.9
Enterprise Value / Sales3.643.592.033.742.816.04
Enterprise Value / EBITDA5.835.453.306.374.429.62
Enterprise Value / EBIT8.648.934.338.896.1314.91

Financials

Full Financials
Millions CNY5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue12.6%246,111.0422,230.0416,609.0420,506.0396,176.0
Gross Income95.3%201,485.0333,281.0307,857.0332,244.0209,275.0
EBITDA12.6%162,374.0259,711.0244,751.0267,177.0260,900.0
EBIT15.7%99,020.0197,898.0175,397.0192,783.0177,283.0
Net Income14.8%70,320.0141,700.0123,843.0137,936.0122,082.0
EPS (Diluted)13.1%1.573.032.602.902.57
BALANCE SHEET
Cash & ST Inv10.4%162,170.0209,596.0194,866.0199,967.0240,693.0
Total Assets8.7%786,569.0929,031.01,005,598.01,056,281.01,098,559.0
Total Liabilities-93.4%304,593.0330,648.0337,722.0306,845.0293,375.0
Total Shareholder Equity13.7%480,912.0597,182.0666,586.0747,548.0802,750.0
CASH FLOW
Net Operating Cash Flow9.3%147,893.0205,574.0209,743.0220,891.0211,042.0
Cap Ex7.9%-82,437.0-94,754.0-120,954.1-123,359.0-111,555.0
Free Cash Flow11%65,456.0110,820.092,382.497,532.099,487.0

Enterprise Value Bridge

Millions CNY13 Nov '26
Price (As of 13 Nov '26)30.93
Basic Shares34,566.18
Market Cap1,069,132.1
Diluted Shares47,529.95
Fully Diluted Shares Outstanding47,529.95
Fully Diluted Market Cap1,470,101.5
+Consolidated Debt68,088.0
−In-the-Money Convertible Debt—
+Capital Leases10,516.0
+Operating Leases—
−Cash & Equivalents-161,700.0
−Short-term Investments-164,570.0
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest2,505.0
+Pension Liabilities—
Enterprise Value978,025.1

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Cnooc Ltd Class A — Company Profile

CNOOC Limited, an investment holding firm, is primarily involved in the full spectrum of crude oil and natural gas operations, encompassing their discovery, development, production, and subsequent sale. The company organizes its activities into two core divisions: Exploration & Production (E&P) and Trading. Key offshore regions for its crude oil and natural gas output within China include Bohai, the Western and Eastern South China Sea, and the East China Sea. Beyond its domestic operations, CNOOC also holds stakes in diverse oil and gas ventures spanning Asia, Africa, North America, South America, Oceania, and Europe. Additionally, its business scope extends to the trading of petroleum and natural gas, the exploration, development, and extraction of oil sands, and the pursuit of unconventional natural gas resources, such as shale gas, within mainland China. Founded in 1999 and based in Central, Hong Kong, CNOOC Limited maintains a broad international presence, operating in countries like China, Indonesia, Iraq, Russia, Canada, the United States, the United Kingdom, Nigeria, Uganda, Argentina, Brazil, Guyana, and Australia. It functions as a subsidiary of China National Offshore Oil Corporation.

Sector
Energy
Industry
Oil, Gas & Consumable Fuels
Exchange
CG
CEO
Yongzhang Huang
Headquarters
Hong Kong, F4, HK
IPO Date
Apr 21, 2022
Employees
20,810
Website
www.cnoocltd.com

Key Metrics

Price
$33.42
Market Cap
$1.16T
Revenue (TTM)
$396.18B
Net Income (TTM)
$122.08B
EPS (TTM)
2.57
P/E (TTM)
0.00
P/B (TTM)
1.44
Dividend Yield
7.55%
ROE (TTM)
15.21%
ROA (TTM)
11.11%
Operating Margin
44.75%
Beta
-0.23

Dividends

Last Dividend
$0.67
Last Yield
0.08%

Summary

CNOOC Limited, an investment holding firm, is primarily involved in the full spectrum of crude oil and natural gas operations, encompassing their discovery, development, production, and subsequent sale. The company organizes its activities into two core divisions: Exploration & Production (E&P) and Trading. Key offshore regions for its crude oil and natural gas output within China include Bohai, the Western and Eastern South China Sea, and the East China Sea. Beyond its domestic operations, CNOOC also holds stakes in diverse oil and gas ventures spanning Asia, Africa, North America, South America, Oceania, and Europe. Additionally, its business scope extends to the trading of petroleum and natural gas, the exploration, development, and extraction of oil sands, and the pursuit of unconventional natural gas resources, such as shale gas, within mainland China. Founded in 1999 and based in Central, Hong Kong, CNOOC Limited maintains a broad international presence, operating in countries like China, Indonesia, Iraq, Russia, Canada, the United States, the United Kingdom, Nigeria, Uganda, Argentina, Brazil, Guyana, and Australia. It functions as a subsidiary of China National Offshore Oil Corporation.

Website
www.cnoocltd.com
Location
Hong Kong, F4, HK
Phone852 2213 2500
Employees20,810
CEOYongzhang Huang
Sector
Energy
Industry
Oil, Gas & Consumable Fuels
IPO DateApr 21, 2022

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(860)

Expand
  • 6-KCurrent report (foreign private issuer)30 Nov 2021
  • 15F-12BTermination of registration (Section 12(b))30 Nov 2021
  • 6-KCurrent report (foreign private issuer)29 Nov 2021
  • 6-KCurrent report (foreign private issuer)23 Nov 2021
  • 6-KCurrent report (foreign private issuer)15 Nov 2021
  • 6-KCurrent report (foreign private issuer)28 Oct 2021
  • 6-KCurrent report (foreign private issuer)26 Oct 2021
  • 25-NSENotification of removal from listing12 Oct 2021
  • 6-KCurrent report (foreign private issuer)12 Oct 2021
  • 6-KCurrent report (foreign private issuer)4 Oct 2021
  • 6-KCurrent report (foreign private issuer)30 Sep 2021
  • 6-KCurrent report (foreign private issuer)27 Sep 2021
  • 6-KCurrent report (foreign private issuer)24 Sep 2021
  • 6-KCurrent report (foreign private issuer)23 Sep 2021
  • 6-KCurrent report (foreign private issuer)1 Sep 2021
  • 6-KCurrent report (foreign private issuer)26 Aug 2021
  • 6-KCurrent report (foreign private issuer)23 Aug 2021
  • 6-KCurrent report (foreign private issuer)19 Aug 2021
  • 6-KCurrent report (foreign private issuer)5 Aug 2021
  • 6-KCurrent report (foreign private issuer)3 Aug 2021

Mentions in Filings

  • … portion of the Company’s contract receivables relates to contracts that are currently subject to dispute with customers Contracts receivable balances related to projects under dispute include legal disputed contracts with <strong>CNOOC</strong> of $31.3 million and Oil India of $4.7 million, of which the entire allowance for credit loss balance relates to. There were no contract receivable balances related to contracts with step-in right suits or other legal case …
    VME Companies, Inc.Cnooc Ltd Class A·S-1/A - Registration statement (general form, amendment)·Q4 26·10 Nov
  • … nt to acquire the assets of Laramie Energy, providing additional natural gas supply for Enbridge Gas Utah's customers under an existing cost-of-service framework • Sanctioned $0.2 billion Long Lake Expansion, supporting <strong>CNOOC</strong> Petroleum North America's growing operations in Northern Alberta • Placed the Aspen Point expansion of B.C. Pipeline and Tennessee Ridgeline projects into service 1 --- CEO COMMENT Greg Ebel, President and CEO commen …
    ENBRIDGE INCCnooc Ltd Class A·EX-99.1 - 8-K - Results of Operations and Financial Condition·Q4 26·6 Nov
  • … )Reported production volumes in the Conventional and Offshore segments include Cenovus’s 30 percent equity interest in the Duvernay Energy Corporation (“Duvernay”) joint venture and 40 percent equity interest in the Husky-<strong>CNOOC</strong> Madura Limited (“HCML”) joint venture, respectively. Our equity interests in Duvernay and HCML are accounted for using the equity method in the interim Consolidated Financial Statements. Total upstream production increase …
    CENOVUS ENERGY INC.Cnooc Ltd Class A·EX-99.2 - 6-K - Current report (foreign private issuer)·Q3 26·4 Nov
  • … er diversification. •Offshore, includes offshore operations, exploration and development activities in the east coast of Canada and the Asia Pacific region, representing China and the equity-accounted investment in Husky-<strong>CNOOC</strong> Madura Limited (“HCML”), which is engaged in the exploration for, and production of, NGLs and natural gas in offshore Indonesia. Downstream Segments •Canadian Refining, includes the owned and operated Lloydminster upgrad …
    CENOVUS ENERGY INC.Cnooc Ltd Class A·EX-99.3 - 6-K - Current report (foreign private issuer)·Q3 26·4 Nov
  • … rtible bond offering for China Mobile, a $5.6 billion exchangeable convertible bond issuance by Hutchison Whampoa into Vodafone Plc, and the $1.5 billion initial public offering of China National Offshore Oil Corporation (<strong>CNOOC</strong>). Between 1996 and 2001 he was managing director and regional head of Merrill Lynch’s Asian Equity Capital Markets (ECM) group. Prior to this appointment he worked in the ECM group for Merrill Lynch in London and New York. …
    Apex Treasury Corp IICnooc Ltd Class A·S-1 - REGISTRATION STATEMENT·Q4 26·13 Oct
  • … portion of the Company’s contract receivables relates to contracts that are currently subject to dispute with customers Contracts receivable balances related to projects under dispute include legal disputed contracts with <strong>CNOOC</strong> of $31.3 million and Oil India of $4.7 million, of which the entire allowance for credit loss balance relates to. There were no contract receivable balances related to contracts with step-in right suits or other legal case …
    VME Companies, Inc.Cnooc Ltd Class A·S-1/A - Registration statement (general form, amendment)·Q4 26·9 Oct

Key Stats

Trading

Px/Chg 1D$33.42 / +0.18%
Prev Close$33.43
% of 52Wk H75.01%
Avg Volume70.46M
Beta-0.23
Mkt Cap1.16T
FD Mkt Cap1.15T

Float

Shrs Out/Float34.57B / 17.09B
Short Float0.00%
Days to Cover0.00
Stock Repurchased$0.00

Current Valuation

EV1.15T
EV/EBITDA0.00
EV/Sales0.00
P/B1.44
P/S0.00
FCF Yield3.62%
ROE15.21%
ROA11.11%
Current Ratio3.24

Dividend

Cash$0.67
Yield7.55%
Yield (TTM)7.55%

Estimates

P/E0.00
Est P/E0.00
Est EPS1.17
Est PEG0.00

Valuation

Metric5Yr AvgJun '22Jun '23Jun '24Jun '25Sep '26
PRICE-BASED RATIOS
Price / Earnings12.1711.235.9512.699.0121.98
Price / Sales3.603.212.003.772.956.07
Price / Book Value1.701.641.412.361.661.44
Price / Free Cash Flow15.4112.067.6017.0112.7427.63
ENTERPRISE VALUE METRICS
Enterprise Value1,126,387.8884,418.3856,927.51,559,882.11,181,954.31,148,756.9
Enterprise Value / Sales3.643.592.033.742.816.04
Enterprise Value / EBITDA5.835.453.306.374.429.62
Enterprise Value / EBIT8.648.934.338.896.1314.91

Financials

Full Financials
Millions CNY5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue12.6%246,111.0422,230.0416,609.0420,506.0396,176.0
Gross Income95.3%201,485.0333,281.0307,857.0332,244.0209,275.0
EBITDA12.6%162,374.0259,711.0244,751.0267,177.0260,900.0
EBIT15.7%99,020.0197,898.0175,397.0192,783.0177,283.0
Net Income14.8%70,320.0141,700.0123,843.0137,936.0122,082.0
EPS (Diluted)13.1%1.573.032.602.902.57
BALANCE SHEET
Cash & ST Inv10.4%162,170.0209,596.0194,866.0199,967.0240,693.0
Total Assets8.7%786,569.0929,031.01,005,598.01,056,281.01,098,559.0
Total Liabilities-93.4%304,593.0330,648.0337,722.0306,845.0293,375.0
Total Shareholder Equity13.7%480,912.0597,182.0666,586.0747,548.0802,750.0
CASH FLOW
Net Operating Cash Flow9.3%147,893.0205,574.0209,743.0220,891.0211,042.0
Cap Ex7.9%-82,437.0-94,754.0-120,954.1-123,359.0-111,555.0
Free Cash Flow11%65,456.0110,820.092,382.497,532.099,487.0

Enterprise Value Bridge

Millions CNY13 Nov '26
Price (As of 13 Nov '26)30.93
Basic Shares34,566.18
Market Cap1,069,132.1
Diluted Shares47,529.95
Fully Diluted Shares Outstanding47,529.95
Fully Diluted Market Cap1,470,101.5
+Consolidated Debt68,088.0
−In-the-Money Convertible Debt—
+Capital Leases10,516.0
+Operating Leases—
−Cash & Equivalents-161,700.0
−Short-term Investments-164,570.0
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest2,505.0
+Pension Liabilities—
Enterprise Value978,025.1

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ARAMCO AB

Chevron Corp

CVX US

Petrochina Co Ltd

PCCYF US

Royal Dutch Shell plc

SHEL US

TotalEnergies SE

TTE US

Petrobras - Petroleo Brasileiro Sa

PBR US

Canadian Natural Resources Ltd

CNQ US

Williams Companies, Inc.

WMB US

Eni Spa

E US

Enterprise Products Partners L.p.

EPD US

Eog Resources Inc

EOG US

Imperial Oil Ltd

IMO US