CNOOC Energy Technology & Services (SHSE:600968) Construction In Progress: ¥1,692 Mil (As of Mar. 2026)

What is CNOOC Energy Technology & Services Construction In Progress?

CNOOC Energy Technology & Services SHSE:600968 -0.57% 89 Construction In Progress is ¥1,692 Mil as of Mar. 2026. GuruFocus rates SHSE:600968 with a GF Score™ of 89/100 and a GF Value™ of ¥3.91 (Modestly Undervalued). The stock has 2 warning signs investors should review.

CNOOC Energy Technology & Services's quarterly construction in progress declined from Sep. 2025 (¥1,568 Mil) to Dec. 2025 (¥1,553 Mil) but then increased from Dec. 2025 (¥1,553 Mil) to Mar. 2026 (¥1,692 Mil).

CNOOC Energy Technology & Services's annual construction in progress increased from Dec. 2023 (¥912 Mil) to Dec. 2024 (¥1,735 Mil) but then declined from Dec. 2024 (¥1,735 Mil) to Dec. 2025 (¥1,553 Mil).

CNOOC Energy Technology & Services Construction In Progress Historical Data

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The historical data trend for CNOOC Energy Technology & Services'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 Energy Technology & Services Construction In Progress Chart

CNOOC Energy Technology & Services Annual Data

Trend

Dec16

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Construction In Progress

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969.32

2,023.97

912.28

1,734.96

1,553.24

CNOOC Energy Technology & Services 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															1,977.20	1,440.98	1,568.11	1,553.24	1,692.39

89GF Score

CNOOC Energy Technology & Services Ltd SHSE:600968

Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.

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CNOOC Energy Technology & Services 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.

Frequently Asked Questions Learn more about Construction In Progress →

What does a Construction In Progress of ¥1,692 Mil mean?

CNOOC Energy Technology & Services (SHSE:600968) has a Construction In Progress of ¥1,692 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on CNOOC Energy Technology & Services and its competitors.

Is CNOOC Energy Technology & Services' Construction In Progress too high?

CNOOC Energy Technology & Services' current Construction In Progress is ¥1,692 Mil. Overall, CNOOC Energy Technology & Services has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does CNOOC Energy Technology & Services' Construction In Progress compare to SLB and BKR?

CNOOC Energy Technology & Services' Construction In Progress of ¥1,692 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 Energy Technology & Services and its competitors. CNOOC Energy Technology & Services's current Construction In Progress is ¥1,692 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is CNOOC Energy Technology & Services stock overvalued right now?

Based on GuruFocus' analysis, CNOOC Energy Technology & Services (SHSE:600968) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥3.91, compared to a current price of ¥3.48 — trading 11% below its estimated fair value. The current Construction In Progress is ¥1,692 Mil. CNOOC Energy Technology & Services' overall GF Score™ is 89/100 with 2 warning signs 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 Energy Technology & Services (SHSE:600968), the current Construction In Progress is ¥1,692 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.

Is CNOOC Energy Technology & Services (SHSE:600968) Overvalued in 2026?

Based on GuruFocus' analysis, CNOOC Energy Technology & Services stock appears to be undervalued. The current stock price of ¥3.48 is trading 11% below its estimated GF Value™ of ¥3.91. GuruFocus considers CNOOC Energy Technology & Services to be Modestly Undervalued.

Key valuation signals for SHSE:600968:

Construction In Progress: ¥1,692 Mil
GF Value™: ¥3.91 vs. price of ¥3.48 (11% below fair value)
GF Score™: 89/100 with 2 warning signs

No single metric tells the full story. See the SHSE:600968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

CNOOC Energy Technology & Services Business Description

Industry Energy Oil & Gas

Comparable Companies SHSE:601808 SHSE:600583 SHSE:600339 SHSE:603800 SZSE:300191 SZSE:300084 SHSE:688377 SHSE:603318 SHSE:603727 SZSE:000852 SLB BKR MIL:TEN HAL FTI SZSE:002353 OSL:SUBC MIL:SPM XPAR:GTT KGS

Address No. 6 Dongzhimenwai Street, CNOOC Building, Dongcheng District, Beijing, CHN, 100027

Website https://cenertech.cnooc.com.cn

CNOOC Energy Technology & Services Ltd is a diversified industrial group that covers majority of the upstream and downstream sectors of the oil and gas industry chain, forming four core business segments: Energy technology services; Floating Production Storage and Offloading (FPSO) Production Technical Service segment; Energy logistics services; and the Safety, environmental protection and Energy conservation.

89GF Score

Get the complete analysis for SHSE:600968

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥3.48

Price

¥3.91

GF Value

View SHSE:600968 Analysis

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