CNOOC (MEX:883N) Construction In Progress: MXN409,701.60 Mil (As of Mar. 2026)


What is CNOOC Construction In Progress?

CNOOC MEX:883N 79 Construction In Progress is MXN409,701.60 Mil as of Mar. 2026. GuruFocus rates MEX:883N with a GF Score™ of 79/100. The stock has 1 warning sign investors should review.

CNOOC's quarterly construction in progress declined from Sep. 2025 (MXN392,370.43 Mil) to Dec. 2025 (MXN0.00 Mil) but then increased from Dec. 2025 (MXN0.00 Mil) to Mar. 2026 (MXN409,701.60 Mil).

CNOOC Construction In Progress Historical Data

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The historical data trend for CNOOC's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

CNOOC Construction In Progress Chart

CNOOC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

CNOOC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 444,440.17 0.00 392,370.43 0.00 409,701.60

CNOOC Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of MXN409,701.60 Mil mean?
CNOOC (MEX:883N) has a Construction In Progress of MXN409,701.60 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on CNOOC and its competitors.
Is CNOOC's Construction In Progress too high?
CNOOC's current Construction In Progress is MXN409,701.60 Mil. Overall, CNOOC has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does CNOOC's Construction In Progress compare to COP and EOG?
CNOOC's Construction In Progress of MXN409,701.60 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Oil & Gas company?
A good Construction In Progress depends on the Oil & Gas industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on CNOOC and its competitors. CNOOC's current Construction In Progress is MXN409,701.60 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CNOOC stock overvalued right now?
CNOOC (MEX:883N) has a current Construction In Progress of MXN409,701.60 Mil. The current Construction In Progress is MXN409,701.60 Mil. CNOOC's overall GF Score™ is 79/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For CNOOC (MEX:883N), the current Construction In Progress is MXN409,701.60 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

CNOOC Business Description

Industry EnergyOil & Gas
Other Exchanges 00883:Hong Kong600938:China
Address 1 Garden Road, 65th Floor, Bank of China Tower, Hong Kong, HKG, 999077
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.