Logo
  • Home
  • AI Agent
  • Annotations
  • Watchlists
  • Files
  • Pricing and plans
  • BlogAboutContact us
    APIMCP
    Terms of servicePrivacy policy
  • Get the full experience

    We save the real magic for signed-in users.

Cnooc Ltd Class A(600938 CG)

$33.72-0.080.24%(Market Closed · 07:00:00 UTC · (15 min delay))

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingEmployees
Logo
600938 CG​

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.

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

  • … 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
  • … oil industry in China is dominated by three state-owned holding companies: China National Petroleum Corporation (“CNPC”), China Petroleum and Chemical Corporation (“Sinopec”) and China National Offshore Oil Corporation (“<strong>CNOOC</strong>”). Foreign companies have also been deeply involved in China’s petroleum industry; however, according to Chinese law, China’s national oil companies still take a majority (or minority) stake in any commercial discovery. As …
    Recon Technology, LtdCnooc Ltd Class A·20-F - Annual report (foreign private issuer) FY 2026·FY26·30 Sep
  • … ditions, and reasonable and supportable forecasts of future economic conditions to inform adjustments to historical loss data. Included in Contracts Receivable is a balance of $31.4 million related to the MEG project for <strong>CNOOC</strong>. Management evaluates collectability under ASC 326 (Financial Instruments—Credit Losses) and has determined that no allowance is required. Management expects to fully collect the contractual cash flows of this financial as …
    VME Companies, Inc.Cnooc Ltd Class A·S-1 - Registration statement (general form)·Q3 26·17 Sep
  • echnology Group, Ltd. 1,598,000 77,755 CMOC Group, Ltd., Class H 2,748,000 7,853,741 CMST Development Co., Ltd., Class A 128,400 109,535 CNGR Advanced Material Co., Ltd., Class A 10,226 80,572 <strong>CNOOC</strong> Energy Technology & Services, Ltd., Class A 261,200 169,091 CNSIG Inner Mongolia Chemical Industry Co., Ltd., Class A 87,610 116,329 \*COFCO Biotechnology Co., Ltd., Class A 105,100 101,905 COF …
    Dimensional ETF TrustCnooc Ltd Class A·NPORT-EX - NT NPORT-P - Notification of late filing (portfolio holdings)·Q1 26·13 Aug
  • … et conditions, and reasonable and supportable forecasts of future economic conditions to inform adjustments to historical loss data. Included in Contracts Receivable is a balance of $31.3mm related to the MEG project for <strong>CNOOC</strong>. Management evaluates collectability under ASC 326 (Financial Instruments—Credit Losses) and has determined that no allowance is required. Management expects to fully collect the contractual cash flows of this financial as …
    VME Companies, Inc.Cnooc Ltd Class A·DRS/A - Draft registration statement (amendment)·Q3 26·10 Aug

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/EN/A
Est EPSN/A
Est PEGN/A

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 CNY23 Oct '26
Price (As of 23 Oct '26)33.77
Basic Shares34,566.18
Market Cap1,167,300.0
Diluted Shares47,529.95
Fully Diluted Shares Outstanding47,529.95
Fully Diluted Market Cap1,605,086.5
+Consolidated Debt69,800.0
−In-the-Money Convertible Debt—
+Capital Leases9,660.0
+Operating Leases—
−Cash & Equivalents-78,679.0
−Short-term Investments-162,014.0
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest2,434.0
+Pension Liabilities—
Enterprise Value1,160,855.0

Related companies

Saudi Arabian Oil Company

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