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CNOOC Energy Technology & Services Limited (600968.SS)

CNY3.69 -0.05 (-1.34%)
CN SHH Energy Oil & Gas Integrated
Address CNOOC Building 100027
Beijing, HE, CN
CEO Tian Yu Zhou
Website cenertech.cnooc.com.cn
IPO 2019-07-01
ISIN CNE100003L78

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Description

CNOOC Energy Technology & Services Limited operates as an offshore and onshore oil and gas production company in China and internationally. The company offers energy technology services, including oilfield engineering technology services, equipment manufacturing and maintenance services, and oil production services; technical services to oil and gas companies, including engineering and technical services, equipment design, manufacturing and operation, maintenance services, and integrated oil and gas field production services; oil field recovery rates; supervision and inspection; oil field operation support; unconventional oil and gas integrated services, and equipment and facilities operation and maintenance integration; and FPSO production and operation. It also provides low-carbon environmental protection and digitalization services, which focuses on the development of technologies and services, such as safety and emergency response, energy conservation and environmental protection, water treatment, green coatings, cold energy utilization, and digitalization, as well as engages in offshore wind power related activities. In addition, the company offers digital technology, green energy, and green product supplies. Further, it provides energy logistics services, including support services for the production process and downstream sectors of the offshore oil industry; logistical support for offshore oil and gas field development through offshore material supply and catering services; assistance services for oil companies in offshore oil and gas transportation through coordination services; and distributes oil and gas by-products through sales services. The company was founded in 2005 and is headquartered in Beijing, China. CNOOC Energy Technology & Services Limited operates 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
CNY3.69 -0.05 (-1.34%)
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Volume Profile
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Liquidity & share structure
Average Volume
57M
Beta
0.26
Float Shares
10.17B
Free Float %
100.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% -5.31% -11.51% -14.41% +4.81% +2.08% -5.08% +18.79% +51.35% +33.33% +33.33%
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

Price Targets & DCF
Current price
3.69
DCF (Unlevered) 21.44 +481.0%
DCF (Levered) 19.04 +415.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.39
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
4 / 10
Developing
Composite Rating
A+
Overall Score
4 / 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
3 / 5
Medium
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Oil & Gas Integrated: -4.1%
    -4.3% Q1'26: -3.2% (vs Q1'25)
  • ✓
    EPS growth Oil & Gas Integrated: +4.4%
    +5.6% ★ Q1'26: +7.4% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Oil & Gas Integrated: -6.1%
    +6.0% ★ Q1'26: -22.6% (vs Q1'25)
  • ✗
    EBIT margin Oil & Gas Integrated: +12.4%
    +9.1% Q1'26: +7.9% (vs Q1'25)
  • ✓
    ROIC Oil & Gas Integrated: +5.6%
    +18.2% ★ Q1'26: +8.8% (vs Q1'25)
  • ✗
    Share dilution Oil & Gas Integrated: +0.6%
    +0.0% Q1'26: -0.1% (vs Q1'25)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Oil & Gas Integrated: 0.90×
    0.56× ★ Q1'26: 1.19× (vs Q1'25)
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 (0.35) × ERP
WACC = 91% × Ke + 9% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 21.44 Current price: 3.69
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 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
2 Rev. Ana.
2 EPS Ana. 		Dec 2027
2 Rev. Ana.
2 EPS Ana. 		Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
33.46B
est: 33.10B (+1.1%)
33.21B
est: 36.00B (-7.8%)
38.74B
est: 40.50B (-4.3%)
47.78B
est: 45.72B (+4.5%)
49.31B
est: 50.28B (-1.9%)
52.52B
est: 54.40B (-3.5%)
50.25B
est: 53.21B (-5.6%)
52.12B
51.32B – 52.91B
-2.0% YoY
54.90B
54.55B – 55.24B
+5.3% YoY
57.27B
55.44B – 59.11B
+4.3% YoY
EBITDA
2.98B
est: 3.27B (-8.9%)
3.24B
est: 3.56B (-9.0%)
3.74B
est: 4.00B (-6.6%)
3.99B
est: 4.52B (-11.8%)
4.85B
est: 10.34B (-53.0%)
6.21B
est: 11.18B (-44.4%)
7.26B
est: 10.94B (-33.6%)
10.71B
10.55B – 10.88B
-2.0% YoY
11.28B
11.21B – 11.36B
+5.3% YoY
11.77B
11.40B – 12.15B
+4.3% YoY
EBIT
1.40B
est: 2.05B (-31.7%)
1.72B
est: 2.22B (-22.7%)
2.18B
est: 2.50B (-12.8%)
2.39B
est: 2.82B (-15.5%)
3.26B
est: 7.10B (-54.2%)
4.46B
est: 7.68B (-42.0%)
4.59B
est: 7.52B (-38.9%)
7.36B
7.25B – 7.47B
-2.0% YoY
7.75B
7.71B – 7.80B
+5.3% YoY
8.09B
7.83B – 8.35B
+4.3% YoY
Net Income
1.23B
est: 1.29B (-4.2%)
1.52B
est: 1.22B (+24.8%)
1.28B
est: 1.83B (-29.8%)
2.42B
est: 2.44B (-0.9%)
3.08B
est: 3.36B (-8.3%)
3.66B
est: 3.72B (-1.7%)
3.88B
est: 4.17B (-6.8%)
4.39B
4.32B – 4.42B
+5.3% YoY
4.70B
4.55B – 4.97B
+7.2% YoY
5.20B
5.13B – 5.28B
+10.7% YoY
SGA
1.62B
est: 1.38B (+17.6%)
1.56B
est: 1.50B (+4.6%)
1.69B
est: 1.68B (+0.3%)
1.91B
est: 1.90B (+0.7%)
1.94B
est: 2.01B (-3.6%)
1.98B
est: 2.18B (-9.2%)
1.99B
est: 2.13B (-6.7%)
2.09B
2.05B – 2.12B
-2.0% YoY
2.20B
2.18B – 2.21B
+5.3% YoY
2.29B
2.22B – 2.37B
+4.3% YoY
EPS
0.12
est: 0.13 (-4.2%)
0.15
est: 0.12 (+25.0%)
0.13
est: 0.18 (-29.8%)
0.24
est: 0.24 (-1.0%)
0.30
est: 0.33 (-9.2%)
0.36
est: 0.37 (-1.6%)
0.38
est: 0.41 (-7.3%)
0.43
0.43 – 0.43
+4.9% YoY
0.47
0.45 – 0.49
+8.9% YoY
0.51
0.50 – 0.52
+9.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A+ 4/5 5/5 4/5 5/5 4/5 3/5 3/5
2026-05-28 A+ 4/5 5/5 4/5 5/5 4/5 3/5 3/5
2026-05-27 A+ 4/5 5/5 4/5 5/5 4/5 3/5 3/5
2026-05-26 A+ 4/5 5/5 4/5 5/5 4/5 3/5 3/5
2026-05-25 A+ 4/5 5/5 4/5 5/5 4/5 3/5 3/5
2026-05-22 A+ 4/5 5/5 4/5 5/5 4/5 3/5 3/5
2026-05-21 A+ 4/5 5/5 4/5 5/5 4/5 3/5 3/5
2026-05-20 A+ 4/5 5/5 4/5 5/5 4/5 3/5 3/5
2026-05-19 A+ 4/5 5/5 4/5 5/5 4/5 3/5 3/5
2026-05-18 A+ 4/5 5/5 4/5 5/5 4/5 3/5 3/5
2026-05-15 A+ 4/5 5/5 4/5 5/5 4/5 3/5 3/5
2026-05-14 A+ 4/5 5/5 4/5 5/5 4/5 3/5 3/5
2026-05-13 A+ 4/5 5/5 4/5 5/5 4/5 3/5 3/5
2026-05-12 A+ 4/5 5/5 4/5 5/5 4/5 3/5 3/5
2026-05-11 A+ 4/5 5/5 4/5 5/5 4/5 3/5 3/5
2026-05-08 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-07 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-06 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-04-30 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-04-29 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-28 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-27 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-24 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-23 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-22 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-21 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-04-20 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-04-17 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-04-16 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
757.50M
OE per share TTM
0.07
Owner's Yield
1.90%
Maintenance CapEx ratio
118.99%
Maint CapEx / Avg PPE
27.3%

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.

ETF Ownership

Top ETFs holding this stock Held by 37 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 HSBC MSCI China A UCITS ETF HMCT.L 0.08% 104.3K 0.30%
2 JPMorgan ETFs (Ireland) ICAV - China A Research Enhanced Index Equity Active UCITS ETF JREC.L 0.07% 16.4K 0.40%
3 Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF ASHS 0.06% 23.8K 0.65%
4 Franklin FTSE China ETF FLCH 0.01% 30.5K 0.19%
5 Franklin FTSE China UCITS ETF FLXC.L 0.01% 154.6K 0.19%
6 Dimensional - Emerging Markets High Profitability ETF DEHP 0.01% 28.9K 0.44%
7 Dimensional - Emerging Markets Value ETF DFEV 0.01% 121.7K 0.46%
8 HSBC Emerging Market Screened Equity UCITS ETF HSEM.L 0.00% 12.5K 0.18%
9 Dimensional - Emerging Core Equity Market ETF DFAE 0.00% 335.0K 0.29%
10 iShares International Dividend Growth ETF IGRO 0.00% 43.8K 0.15%

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
317.9K
Shares Outstanding
10.17B

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
Changlong Lu Deputy General Manager — male
Debin Xiao Secretary of the Board of Directors & General Counsel — male
Tianyu Zhou GM & Director — male
Wei Wang Deputy General Manager — male
Xiao Long Huang Deputy General Manager — male
Xiaojie Zhong Chief Financial Officer — female
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

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