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184.52 (1y: +1%)
Market Cap 82.6 B P/E(ttm) 7.70
Enterprise Value 81.76 B P/B 1.60
CEO- NYSE (USA)
CNOOC, Ltd.
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$184.52
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GuruFocus Financial Strength Rank measures how strong a companyÂ’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry		 vs
history
Cash to Debt 1.242
CEO's Cash to Debt is ranked higher than
60% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.80 vs. CEO: 1.242 )
CEO' s 10-Year Cash to Debt Range
Min: 0.04   Max: 3.8
Current: 1.24
0.04
3.8
Equity to Asset 0.677
CEO's Equity to Asset is ranked higher than
64% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.59 vs. CEO: 0.677 )
CEO' s 10-Year Equity to Asset Range
Min: 0.3   Max: 0.77
Current: 0.68
0.3
0.77
Interest Coverage 145
CEO's Interest Coverage is ranked higher than
64% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 34.95 vs. CEO: 145 )
CEO' s 10-Year Interest Coverage Range
Min: 30   Max: No Debt
Current: 145
F-Score: 5
Z-Score: 4.24
M-Score: -2.87
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyÂ’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry		 vs
history
Operating margin (%) 35.20
CEO's Operating margin (%) is ranked higher than
84% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -0.60 vs. CEO: 35.20 )
CEO' s 10-Year Operating margin (%) Range
Min: 18.9   Max: 52.5
Current: 35.2
18.9
52.5
Net-margin (%) 25.7
CEO's Net-margin (%) is ranked higher than
85% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -2.45 vs. CEO: 25.7 )
CEO' s 10-Year Net-margin (%) Range
Min: 16.6   Max: 42.5
Current: 25.7
16.6
42.5
ROE (%) 20.6
CEO's ROE (%) is ranked higher than
92% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -0.35 vs. CEO: 20.6 )
CEO' s 10-Year ROE (%) Range
Min: 17   Max: 63.9
Current: 20.6
17
63.9
ROA (%) 14
CEO's ROA (%) is ranked higher than
94% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -0.55 vs. CEO: 14 )
CEO' s 10-Year ROA (%) Range
Min: 7.3   Max: 31.6
Current: 14
7.3
31.6
ROC (Joel Greenblatt) (%) 31.30
CEO's ROC (Joel Greenblatt) (%) is ranked higher than
94% of the 415 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.00 vs. CEO: 31.30 )
CEO' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 9   Max: 66.9
Current: 31.3
9
66.9
Revenue Growth (%) 23.9
CEO's Revenue Growth (%) is ranked higher than
91% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -2.10 vs. CEO: 23.9 )
CEO' s 10-Year Revenue Growth (%) Range
Min: -28.7   Max: 23.9
Current: 23.9
-28.7
23.9
EBITDA Growth (%) 20.7
CEO's EBITDA Growth (%) is ranked higher than
91% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -2.85 vs. CEO: 20.7 )
CEO' s 10-Year EBITDA Growth (%) Range
Min: -32.3   Max: 55.1
Current: 20.7
-32.3
55.1
EPS Growth (%) 21.1
CEO's EPS Growth (%) is ranked higher than
89% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -7.90 vs. CEO: 21.1 )
CEO' s 10-Year EPS Growth (%) Range
Min: 0   Max: 27
Current: 21.1
0
27
» CEO's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

CEO Guru Trades in Q2 2012

Jeremy Grantham 57,119 sh (+2157.67%)
Ken Fisher 1,813,783 sh (-4.49%)
Murray Stahl 14,180 sh (-19.52%)
Joel Greenblatt 10,819 sh (-22.29%)
» More
Q3 2012

CEO Guru Trades in Q3 2012

Sarah Ketterer 4,441 sh (New)
Jim Simons 67,997 sh (New)
Bruce Kovner 2,800 sh (New)
Joel Greenblatt 23,703 sh (+119.09%)
Ken Fisher 1,994,520 sh (+9.96%)
Murray Stahl 12,129 sh (-14.46%)
Jeremy Grantham 34,900 sh (-38.9%)
» More
Q4 2012

CEO Guru Trades in Q4 2012

Bruce Kovner 3,600 sh (+28.57%)
Jeremy Grantham 51,769 sh (unchged)
Jim Simons Sold Out
Sarah Ketterer Sold Out
Ken Fisher 1,903,791 sh (-4.55%)
Joel Greenblatt 15,409 sh (-34.99%)
Murray Stahl 5,917 sh (-51.22%)
» More
Q1 2013

CEO Guru Trades in Q1 2013

Sarah Ketterer 9,701 sh (New)
Jim Simons 66,500 sh (New)
Joel Greenblatt 16,796 sh (+9%)
Ken Fisher 1,930,621 sh (+1.41%)
Jeremy Grantham 51,769 sh (unchged)
Bruce Kovner Sold Out
Murray Stahl 5,303 sh (-10.38%)
» More
» Details

Insider Trades

Latest Guru Trades with CEO

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2012-12-31 Reduce -34.99%0.11%$198.5 - $218.27 $ 184.52-12%15409
Joel Greenblatt 2012-09-30 Add 119.09%0.17%$180.93 - $207.36 $ 184.52-7%23703
Joel Greenblatt 2012-06-30 Reduce -22.29%0.06%$172.45 - $215.54 $ 184.52-5%10819
Joel Greenblatt 2012-03-31 Add 114.15%0.13%$183.75 - $232.84 $ 184.52-6%13922
Joel Greenblatt 2011-12-31 New Buy0.14%$150.35 - $201.47 $ 184.522%6501
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/E(ttm) 7.70
CEO's P/E(ttm) is ranked lower than
61% of the 415 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.40 vs. CEO: 7.70 )
CEO' s 10-Year P/E(ttm) Range
Min: 4.66   Max: 21.23
Current: 7.7
4.66
21.23
P/B 1.60
CEO's P/B is ranked lower than
73% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.32 vs. CEO: 1.60 )
CEO' s 10-Year P/B Range
Min: 1.25   Max: 4.96
Current: 1.6
1.25
4.96
P/S 2.10
CEO's P/S is ranked higher than
65% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.55 vs. CEO: 2.10 )
CEO' s 10-Year P/S Range
Min: 1.64   Max: 6.01
Current: 2.1
1.64
6.01
PFCF 17.30
CEO's PFCF is ranked lower than
57% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 20.17 vs. CEO: 17.30 )
CEO' s 10-Year PFCF Range
Min: 7.63   Max: 68
Current: 17.3
7.63
68
EV-to-EBIT 5.6
CEO's EV-to-EBIT is ranked higher than
54% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 15.22 vs. CEO: 5.6 )
CEO' s 10-Year EV-to-EBIT Range
Min: 3.1   Max: 14.7
Current: 5.6
3.1
14.7
PEG 0.4
CEO's PEG is ranked lower than
75% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.30 vs. CEO: 0.4 )
CEO' s 10-Year PEG Range
Min: 0.22   Max: 3.3
Current: 0.4
0.22
3.3
Shiller P/E 9.7
CEO's Shiller P/E is ranked lower than
59% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 19.33 vs. CEO: 9.7 )
CEO' s 10-Year Shiller P/E Range
Min: 3.37   Max: 19.43
Current: 9.7
3.37
19.43

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 2.70
CEO's Dividend Yield is ranked higher than
89% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.86 vs. CEO: 2.70 )
CEO' s 10-Year Dividend Yield Range
Min: 2.19   Max: 7.09
Current: 2.7
2.19
7.09
Dividend Payout 0.2236
CEO's Dividend Payout is ranked lower than
88% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.55 vs. CEO: 0.2236 )
CEO' s 10-Year Dividend Payout Range
Min: 0.2   Max: 0.42
Current: 0.22
0.2
0.42
Dividend growth (3y) 0.1
CEO's Dividend growth (3y) is ranked higher than
96% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -10.00 vs. CEO: 0.1 )
CEO' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 6
Current: 0.1
0
6
Yield on cost (5-Year) 3.16
CEO's Yield on cost (5-Year) is ranked higher than
92% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.54 vs. CEO: 3.16 )
CEO' s 10-Year Yield on cost (5-Year) Range
Min: 2.56   Max: 8.3
Current: 3.16
2.56
8.3

Valuation & Return

vs
industry		 vs
history
Price/Net Cash 10.5
CEO's Price/Net Cash is ranked lower than
97% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 14.80 vs. CEO: 10.5 )
CEO' s 10-Year Price/Net Cash Range
Min: 0   Max: 0
Current: 10.5
Price/Net Current Asset Value 24.4
CEO's Price/Net Current Asset Value is ranked lower than
75% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 23.25 vs. CEO: 24.4 )
CEO' s 10-Year Price/Net Current Asset Value Range
Min: 27.1   Max: 51.1
Current: 24.4
27.1
51.1
Price/Tangible Book 1.6
CEO's Price/Tangible Book is ranked lower than
95% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.40 vs. CEO: 1.6 )
CEO' s 10-Year Price/Tangible Book Range
Min: 1.6   Max: 3.7
Current: 1.6
1.6
3.7
Price/DCF (Projected) 0.7
CEO's Price/DCF (Projected) is ranked lower than
95% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.10 vs. CEO: 0.7 )
CEO' s 10-Year Price/DCF (Projected) Range
Min: 0.8   Max: 2.4
Current: 0.7
0.8
2.4
Price/Median PS Value 0.7
CEO's Price/Median PS Value is ranked higher than
97% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.80 vs. CEO: 0.7 )
CEO' s 10-Year Price/Median PS Value Range
Min: 0.7   Max: 1.7
Current: 0.7
0.7
1.7
Price/Peter Lynch Fair Value 0.4
CEO's Price/Peter Lynch Fair Value is ranked lower than
96% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.40 vs. CEO: 0.4 )
CEO' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.3   Max: 2.3
Current: 0.4
0.3
2.3
Price/Graham Number 0.3
CEO's Price/Graham Number is ranked lower than
92% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.00 vs. CEO: 0.3 )
CEO' s 10-Year Price/Graham Number Range
Min: 0.7   Max: 1.7
Current: 0.3
0.7
1.7
Earnings Yield (Greenblatt) 17.70
CEO's Earnings Yield (Greenblatt) is ranked higher than
76% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 5.00 vs. CEO: 17.70 )
CEO' s 10-Year Earnings Yield (Greenblatt) Range
Min: 6.8   Max: 32.1
Current: 17.7
6.8
32.1
Forward Rate of Return (Yacktman) 27.55
CEO's Forward Rate of Return (Yacktman) is ranked higher than
52% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -17.69 vs. CEO: 27.55 )
CEO' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -20.6   Max: 30.3
Current: 27.55
-20.6
30.3

Business Description

CNOOC Limited was incorporated on August 20, 1999, in Hong Kong. It is an oil and gas company, which is engaged in the exploration, development and production of crude oil and natural gas mainly offshore China. The Group is organized on a worldwide basis into three major operating segments. It is involved in the upstream operating activities of the petroleum industry that comprise independent operations, production sharing contracts with foreign partners and trading business. The Company conducts exploration, development, production and sale activities through both independent operations and production sharing contracts with foreign partners. It sells crude oil and natural gas to the PRC market through its wholly owned PRC subsidiary, CNOOC China Limited and sells to the international market through its wholly owned subsidiary, China Offshore Oil International Pte. Ltd., located in Singapore. It also sells to customers in South Korea, Japan, the United States and Australia, as well as to crude oil traders in the spot market. It usually outsources work in connection with the acquisition and processing of seismic data, reservoir studies, well drilling services, wire logging and perforating services and well control and completion service to independent third parties or its connected parties. The Company competes in the PRC and in international markets for customers as well as capital to finance its exploration, development and production activities. Its research efforts have focused on: enhancing oil recovery in offshore China heavy oil fields; engineering and developing deepwater fields; engineering and developing marginal fields and developing new offshore exploration technology and new exploration areas. Its main competitors in the PRC market are PetroChina and Sinopec. The main components of its strategy are to focus on reserve and production growth; develop natural gas business; and maintain prudent financial policy. Its business is subject to environmental protection laws and regulations in the PRC, as well as other jurisdictions where the Company operates.
Company Website
Industry: Oil & Gas E&P
Compare:OJSCY, APC, APA, HRTPY, SGTZY
Traded in other countries:00883.Hongkong, NC2B.Germany, NC2A.Germany

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