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CNOOC Limited (0883.HK)

HKD21.80 +0.02 (+0.09%)
HK HKSE Energy Oil & Gas Exploration & Production
Address Bank of China Tower 999077
Hong Kong, HK
CEO Yongzhang Huang
IPO 2001-02-28
ISIN HK0883013259

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Also trades on Hong Kong Stock Exchange · 0883.HK (HKD) New York Stock Exchange · CEO (USD) Shanghai Stock Exchange · 600938.SS (CNY) Toronto Stock Exchange · CNU.TO (CAD)
Description

CNOOC Limited functions as an investment holding company, with its core business encompassing the full lifecycle of crude oil and natural gas, from exploration and development to production and sales. Its activities are organized across three primary segments: Exploration & Production (E&P), Trading, and Corporate functions. The company primarily extracts offshore crude oil and natural gas from Chinese waters, specifically in the Bohai Sea, Western South China Sea, Eastern South China Sea, and East China Sea regions. Furthermore, CNOOC Limited maintains interests in various oil and gas assets distributed across Asia, Africa, North America, South America, Oceania, and Europe. As of December 31, 2021, its net proved reserves were approximately 5.73 billion barrels of oil equivalent. Beyond its primary operations, the company also participates in bond issuance, the marketing and sale of petroleum and natural gas, and the surface exploration and commercialization of coalbed methane. With a global presence, CNOOC Limited conducts operations in countries such as China, Canada, the United States, the United Kingdom, Nigeria, Argentina, Indonesia, Uganda, Iraq, Brazil, Guyana, Russia, and Australia, alongside other international ventures. Founded in 1999 and headquartered in Central, Hong Kong, CNOOC Limited functions as a subsidiary of China National Offshore Oil Corporation.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD21.80 +0.02 (+0.09%)
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Volume Profile
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Liquidity & share structure
Average Volume
101M
Beta
0.30
Float Shares
17.18B
Free Float %
36.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.92% -0.45% -10.14% +4.27% +24.65% +23.94% +46.02% +114.63% +213.17% +185.10% +1,175.36%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (16 analysts) Hold
Price Targets & DCF
Current price
21.80
DCF (Unlevered) 115.06 +427.8%
DCF (Levered) 127.05 +482.8%
Ratings Trend (MoM) 88% Bullish
Rating 2026-05 Change
Strong Buy 4 0
Buy 10 +1
Hold 1 0
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
4.98
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
4 / 10
Developing
Composite Rating
A+
Overall Score
5 / 5
High
DCF Score
5 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Oil & Gas Exploration & Production: +1.3%
    +0.9% Q4'25: -16.7% (vs Q4'23)
  • EPS growth Oil & Gas Exploration & Production: +11.4%
    +11.5% Q4'25: -13.5% (vs Q4'23)
  • FCF margin Oil & Gas Exploration & Production: +28.4%
    +31.5% Q4'25: +22.6% (vs Q4'23)
  • EBIT margin Oil & Gas Exploration & Production: +24.1%
    +44.6% Q4'25: +40.5% (vs Q4'23)
  • ROIC Oil & Gas Exploration & Production: +6.3%
    +20.9% Q4'25: +33.5% (vs Q4'23)
  • Share dilution Oil & Gas Exploration & Production: 0.0%
    0.0% Q4'25: -0.1% (vs Q4'23)
  • Debt / EBITDA Oil & Gas Exploration & Production: 0.54×
    0.35× Q4'25: 0.15× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.30) × ERP
WACC = 94% × Ke + 6% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 115.74 Current price: 21.80
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
12 Rev. Ana.
10 EPS Ana.
Dec 2027
14 Rev. Ana.
12 EPS Ana.
Dec 2028
6 Rev. Ana.
7 EPS Ana.
Dec 2029
9 Rev. Ana.
10 EPS Ana.
Revenue
171.60B
est: 214.31B (-19.9%)
146.05B
est: 164.30B (-11.1%)
186.40B
est: 216.63B (-14.0%)
227.71B
est: 256.63B (-11.3%)
233.20B
est: 259.37B (-10.1%)
155.37B
est: 195.39B (-20.5%)
246.11B
est: 300.79B (-18.2%)
432.23B
est: 446.83B (-3.3%)
416.61B
est: 445.85B (-6.6%)
420.51B
est: 448.65B (-6.3%)
385.92B
est: 406.07B (-5.0%)
507.31B
481.25B – 521.36B
+24.9% YoY
488.62B
445.75B – 543.16B
-3.7% YoY
488.75B
455.15B – 521.90B
+0.0% YoY
472.70B
440.20B – 504.76B
-3.3% YoY
EBITDA
91.36B
est: 129.61B (-29.5%)
68.08B
est: 99.37B (-31.5%)
104.67B
est: 131.01B (-20.1%)
134.71B
est: 155.21B (-13.2%)
138.44B
est: 156.86B (-11.7%)
92.59B
est: 118.17B (-21.6%)
156.55B
est: 181.91B (-13.9%)
260.92B
est: 270.24B (-3.4%)
235.74B
est: 269.64B (-12.6%)
261.70B
est: 276.49B (-5.3%)
252.14B
est: 250.25B (+0.8%)
312.64B
296.58B – 321.29B
+24.9% YoY
301.12B
274.70B – 334.73B
-3.7% YoY
301.20B
280.49B – 321.63B
+0.0% YoY
291.31B
271.28B – 311.07B
-3.3% YoY
EBIT
15.56B
est: 81.21B (-80.8%)
-1.24B
est: 62.26B (-102.0%)
35.19B
est: 82.09B (-57.1%)
78.27B
est: 97.25B (-19.5%)
81.37B
est: 98.29B (-17.2%)
33.63B
est: 74.04B (-54.6%)
93.20B
est: 113.98B (-18.2%)
197.85B
est: 169.33B (+16.8%)
165.00B
est: 168.95B (-2.3%)
187.46B
est: 190.28B (-1.5%)
170.69B
est: 172.22B (-0.9%)
215.16B
204.11B – 221.12B
+24.9% YoY
207.23B
189.05B – 230.36B
-3.7% YoY
207.29B
193.04B – 221.35B
+0.0% YoY
200.48B
186.70B – 214.08B
-3.3% YoY
Net Income
20.25B
est: 20.88B (-3.0%)
637.00M
est: -3.63B (+117.6%)
24.68B
est: 35.92B (-31.3%)
52.69B
est: 59.96B (-12.1%)
61.05B
est: 63.59B (-4.0%)
24.96B
est: 28.56B (-12.6%)
70.32B
est: 87.14B (-19.3%)
141.70B
est: 159.89B (-11.4%)
123.84B
est: 143.38B (-13.6%)
137.94B
est: 146.20B (-5.7%)
118.92B
est: 129.07B (-7.9%)
171.27B
154.42B – 187.64B
+32.7% YoY
162.39B
135.33B – 182.79B
-5.2% YoY
161.01B
146.61B – 175.20B
-0.9% YoY
161.25B
146.83B – 175.47B
+0.2% YoY
SGA
15.61B
est: 10.46B (+49.2%)
14.47B
est: 8.02B (+80.4%)
13.95B
est: 10.57B (+32.0%)
15.18B
est: 12.53B (+21.2%)
20.46B
est: 12.66B (+61.6%)
13.05B
est: 9.54B (+36.8%)
20.66B
est: 14.68B (+40.7%)
10.47B
est: 21.81B (-52.0%)
10.95B
est: 21.76B (-49.7%)
10.78B
est: 16.39B (-34.2%)
8.70B
est: 14.83B (-41.3%)
18.53B
17.58B – 19.04B
+24.9% YoY
17.85B
16.28B – 19.84B
-3.7% YoY
17.85B
16.63B – 19.06B
+0.0% YoY
17.27B
16.08B – 18.44B
-3.3% YoY
EPS
0.45
est: 0.44 (+2.5%)
0.01
est: -0.08 (+118.7%)
0.55
est: 0.76 (-27.2%)
1.18
est: 1.26 (-6.4%)
1.37
est: 1.34 (+2.4%)
0.56
est: 0.60 (-6.8%)
1.58
est: 1.83 (-13.8%)
3.03
est: 3.36 (-9.9%)
2.60
est: 3.02 (-13.8%)
2.90
est: 3.08 (-5.7%)
2.51
est: 2.72 (-7.6%)
3.60
3.25 – 3.95
+32.7% YoY
3.42
2.85 – 3.85
-5.2% YoY
3.39
3.08 – 3.69
-0.9% YoY
3.39
3.09 – 3.69
+0.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A+ 5/5 5/5 4/5 5/5 4/5 3/5 4/5
2026-05-28 A+ 5/5 5/5 4/5 5/5 4/5 3/5 4/5
2026-05-27 A+ 5/5 5/5 4/5 5/5 4/5 3/5 4/5
2026-05-26 A+ 5/5 5/5 4/5 5/5 4/5 3/5 4/5
2026-05-22 A+ 5/5 5/5 4/5 5/5 4/5 3/5 4/5
2026-05-21 A+ 5/5 5/5 4/5 5/5 4/5 3/5 4/5
2026-05-20 A+ 5/5 5/5 4/5 5/5 4/5 3/5 4/5
2026-05-19 S- 5/5 5/5 4/5 5/5 4/5 4/5 4/5
2026-05-18 S- 5/5 5/5 4/5 5/5 4/5 4/5 4/5
2026-05-15 S- 5/5 5/5 4/5 5/5 4/5 4/5 4/5
2026-05-14 S- 5/5 5/5 4/5 5/5 4/5 4/5 4/5
2026-05-13 S- 5/5 5/5 4/5 5/5 4/5 4/5 4/5
2026-05-12 S- 5/5 5/5 4/5 5/5 4/5 4/5 4/5
2026-05-11 S- 5/5 5/5 4/5 5/5 4/5 4/5 4/5
2026-05-08 A+ 5/5 5/5 4/5 5/5 3/5 4/5 4/5
2026-05-07 A+ 5/5 5/5 4/5 5/5 3/5 4/5 4/5
2026-05-06 A+ 5/5 5/5 4/5 5/5 3/5 4/5 4/5
2026-05-05 S- 5/5 5/5 5/5 5/5 3/5 4/5 4/5
2026-05-04 S- 5/5 5/5 5/5 5/5 3/5 4/5 4/5
2026-04-30 S- 5/5 5/5 5/5 5/5 3/5 4/5 4/5
2026-04-29 A+ 5/5 5/5 5/5 5/5 3/5 3/5 4/5
2026-04-28 A+ 5/5 5/5 5/5 5/5 3/5 3/5 4/5
2026-04-27 A+ 4/5 5/5 5/5 5/5 2/5 3/5 4/5
2026-04-24 A+ 4/5 5/5 5/5 5/5 2/5 3/5 4/5
2026-04-23 A+ 4/5 5/5 5/5 5/5 2/5 3/5 4/5
2026-04-22 A+ 4/5 5/5 5/5 5/5 2/5 3/5 4/5
2026-04-21 A 4/5 5/5 5/5 5/5 1/5 3/5 3/5
2026-04-20 A 4/5 5/5 5/5 5/5 1/5 3/5 3/5
2026-04-17 A 4/5 5/5 5/5 5/5 1/5 3/5 3/5
2026-04-16 A 4/5 5/5 5/5 5/5 1/5 3/5 3/5
2026-04-15 A 4/5 5/5 5/5 5/5 1/5 3/5 3/5
2026-04-14 A 4/5 5/5 5/5 5/5 1/5 3/5 3/5
2026-04-13 A 4/5 5/5 5/5 5/5 1/5 3/5 3/5
2026-04-10 A 4/5 5/5 5/5 5/5 1/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
141.15B
OE per share TTM
2.97
Owner's Yield
11.25%
Maintenance CapEx ratio
236.80%
Maint CapEx / Avg PPE
168.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
7.70M
Shares Outstanding
47.53B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Changgui Xu Chief Geologist male
Fu Jie Sun Vice President male
Hongtao Yan Senior Vice President male
Jian Huo Senior Vice President male
Jin Yu Senior VP & Chief Safety Officer male
Jing Liu Manager of Media & Public Relations female
Lv Xiong Ke Vice President male
Sik Yu Tsue Joint Company Secretary female
Xiuping Mu Senior VP & CFO female
Yongzhang Huang CEO, President & Executive Vice Chairman male
Yugao Xu General Counsel, Compliance Officer & Joint Company Secretary male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits