Business Description
CNOOC Ltd
ISIN : CNE100005980
Share Class Description:
SHSE:600938: Class ATotal Employee Number:
22,045Compare
Compare
Traded in other countries / regions
00883.Hong Kong600938.ChinaNC2B.Germany Index Membership
SSE Composite IndexCSI 300 Index IPO Date
2022-04-21Description
CNOOC is China's main offshore oil and gas exploration and production company. Through its parent company, it has exclusive rights to partner with foreign companies in offshore China projects. Net production for 2025 reached 777.3 million barrels of oil equivalent (77.2% oil), and year-end proven reserves were 7.77 billion barrels of oil equivalent. Assets outside China make up around 30.9% of production.
Financial Strength
8/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
Cash-To-Debt | 3.84 | |||||
Equity-to-Asset | 0.73 | |||||
Debt-to-Equity | 0.08 | |||||
Debt-to-EBITDA | 0.27 | |||||
Interest Coverage | 26.52 | |||||
Piotroski F-Score | 4/9 | |||||
Altman Z-Score | 3.89 | |||||
Beneish M-Score | -2.09 | |||||
WACC vs ROIC | ||||||
Growth Rank
8/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
3-Year Revenue Growth Rate | -3.6 | |||||
3-Year EBITDA Growth Rate | -1.8 | |||||
3-Year EPS without NRI Growth Rate | -4.8 | |||||
3-Year FCF Growth Rate | -5.1 | |||||
3-Year Book Growth Rate | 10 |
Momentum Rank
10/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
5-Day RSI | 61.08 | |||||
9-Day RSI | 61.14 | |||||
14-Day RSI | 56.9 | |||||
3-1 Month Momentum % | -23.89 | |||||
6-1 Month Momentum % | -6.97 | |||||
12-1 Month Momentum % | 12.13 |
Liquidity Ratio
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
Current Ratio | 3.17 | |||||
Quick Ratio | 3.12 | |||||
Cash Ratio | 2.46 | |||||
Days Inventory | 15.71 | |||||
Days Sales Outstanding | 39.6 | |||||
Days Payable | 172.23 |
Dividend & Buy Back
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
Dividend Yield % | 3.59 | |||||
Dividend Payout Ratio | 0.47 | |||||
3-Year Dividend Growth Rate | 26.8 | |||||
Forward Dividend Yield % | 3.59 | |||||
5-Year Yield-on-Cost % | 9.54 | |||||
Shareholder Yield % | 7.22 |
Profitability Rank
9/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
Gross Margin % | 66.17 | |||||
Operating Margin % | 42.91 | |||||
Net Margin % | 30.62 | |||||
EBITDA Margin % | 63.75 | |||||
FCF Margin % | -14.58 | |||||
OCF Margin % | 13.54 | |||||
ROE % | 15.71 | |||||
ROA % | 11.22 | |||||
ROIC % | 15.71 | |||||
3-Year ROIIC % | -16.37 | |||||
ROC (Joel Greenblatt) % | 26.93 | |||||
ROCE % | 18.03 | |||||
Years of Profitability over Past 10-Year | 10 |
GF Value Rank
5/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
PE Ratio | 8.12 | |||||
Forward PE Ratio | 9.57 | |||||
PE Ratio without NRI | 7.93 | |||||
Shiller PE Ratio | 7.81 | |||||
Price-to-Owner-Earnings | 34.6 | |||||
PEG Ratio | 0.49 | |||||
PS Ratio | 2.48 | |||||
PB Ratio | 1.18 | |||||
Price-to-Tangible-Book | 1.2 | |||||
Price-to-Operating-Cash-Flow | 17.96 | |||||
EV-to-EBIT | 4.72 | |||||
EV-to-Forward-EBIT | 3.69 | |||||
EV-to-EBITDA | 3.25 | |||||
EV-to-Forward-EBITDA | 2.71 | |||||
EV-to-Revenue | 2.07 | |||||
EV-to-Forward-Revenue | 1.67 | |||||
EV-to-FCF | -14.56 | |||||
Price-to-GF-Value | 1.14 | |||||
Price-to-Projected-FCF | 2.65 | |||||
Price-to-DCF (Earnings Based) | 0.38 | |||||
Price-to-Peter-Lynch-Fair-Value | 0.32 | |||||
Price-to-Graham-Number | 0.65 | |||||
| Price-to-Net-Current-Asset-Value | 34.68 | |||||
Earnings Yield (Greenblatt) % | 21.19 | |||||
FCF Yield % | -5.53 | |||||
Forward Rate of Return (Yacktman) % | 16.31 |
Operating Revenue by Business Segment
Operating Revenue by Geographic Region
Historical Operating Revenue by Business Segment
Historical Operating Revenue by Geographic Region
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Performance
Dividend
Log
Bar
Annualized Return % Â
Total Annual Return % Â
CNOOC Ltd Executives
DetailsAnalyst Estimate
Key Statistics
| Name | Value | ||
|---|---|---|---|
| Revenue (TTM) (Mil ¥) | 407,445 | ||
| EPS (TTM) (Â¥) | 2.62 | ||
| Beta | 0.1051 | ||
| 3-Year Sharpe Ratio | 0.46 | ||
| 3-Year Sortino Ratio | 0.69 | ||
| Volatility % | 36.19 | ||
| 14-Day RSI | 56.9 | ||
| 14-Day ATR (Â¥) | 1.193987 | ||
| 20-Day SMA (Â¥) | 29.2015 | ||
| 12-1 Month Momentum % | 12.13 | ||
| 52-Week Range (Â¥) | 25.41 - 44.54 | ||
| Shares Outstanding (Mil) | 47,529.95 |
Piotroski F-Score Details
Year:
| Component | Result | ||
|---|---|---|---|
| Piotroski F-Score | 4 | ||
| Positive ROA | |||
| Positive CFROA | |||
| Higher ROA yoy | |||
| CFROA > ROA | |||
| Lower Leverage yoy | |||
| Higher Current Ratio yoy | |||
| Less Shares Outstanding yoy | |||
| Higher Gross Margin yoy | |||
| Higher Asset Turnover yoy |
CNOOC Ltd Filings
| Filing Date | Document Date | Form | ||
|---|---|---|---|---|
| No Filing Data | ||||
CNOOC Ltd Stock Events
| Event | Date | Price (Â¥) | ||
|---|---|---|---|---|
| Third quarter earnings results for 2026 | 2026-10-30 | In 96 days | ||
| Second quarter earnings conference call for 2026 | 2026-08-27 | In 32 days | ||
| Second quarter earnings results for 2026 | 2026-08-27 | In 32 days | ||
| CNY 0.478810 Cash Dividend | 2026-07-10 | 28.35 (-2.41%) | ||
| General meeting for 2025 | 2026-06-03 10:00 | 35.18 (-0.06%) | ||
| First quarter earnings results for 2026 | 2026-04-29 | 39.77 (+2.42%) | ||
| Fourth quarter earnings conference call for 2025 | 2026-03-30 16:00 | 41.07 (+0.59%) | ||
| Fourth quarter earnings results for 2025 | 2026-03-30 | 41.07 (+0.59%) | ||
| Annual report for 2025 | 2026-03-27 | 40.93 (+0.89%) | ||
| Third quarter earnings results for 2025 | 2025-10-30 | 27.15 (+0.07%) |
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CNOOC Ltd Frequently Asked Questions
What is CNOOC Ltd(SHSE:600938)'s stock price today?
The current price of SHSE:600938 is ¥31.91. The 52 week high of SHSE:600938 is ¥44.54 and 52 week low is ¥25.41.
When is next earnings date of CNOOC Ltd(SHSE:600938)?
The next earnings date of CNOOC Ltd(SHSE:600938) is 2026-08-27 Est..
Does CNOOC Ltd(SHSE:600938) pay dividends? If so, how much?
The Dividend Yield %  of CNOOC Ltd(SHSE:600938) is 3.59% (As of Today), Highest Dividend Payout Ratio of CNOOC Ltd(SHSE:600938) was 1.89. The lowest was 0.21. And the median was 0.48. The  Forward Dividend Yield % of CNOOC Ltd(SHSE:600938) is 3.59%. For more information regarding to dividend, please check our Dividend Page.
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