CNOOC (SHSE:600938) Inventories, Finished Goods: ¥0 Mil (As of Mar. 2026)

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SHSE:600938 CNOOC Ltd SHSE:600938
77 GF Score
Price ¥33.86
GF Value ¥27.63
Valuation Modestly Overvalued
! 1 Warning Sign
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What is CNOOC Inventories, Finished Goods?

CNOOC SHSE:600938 +1.68% 77 Inventories, Finished Goods is ¥0 Mil as of Mar. 2026. GuruFocus rates SHSE:600938 with a GF Score™ of 77/100 and a GF Value™ of ¥27.63 (Modestly Overvalued). The stock has 1 warning sign investors should review.

CNOOC's quarterly finished goods increased from Sep. 2025 (¥0 Mil) to Dec. 2025 (¥2,319 Mil) but then declined from Dec. 2025 (¥2,319 Mil) to Mar. 2026 (¥0 Mil).

CNOOC's annual finished goods declined from Dec. 2023 (¥2,813 Mil) to Dec. 2024 (¥2,167 Mil) but then increased from Dec. 2024 (¥2,167 Mil) to Dec. 2025 (¥2,319 Mil).

CNOOC Inventories, Finished Goods Historical Data

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The historical data trend for CNOOC's Inventories, Finished Goods 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 Inventories, Finished Goods Chart

CNOOC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventories, Finished Goods
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,808.00 2,207.00 2,813.00 2,167.00 2,319.00

CNOOC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventories, Finished Goods 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 0.00 0.00 0.00 2,319.00 0.00
SHSE:600938
77GF Score
CNOOC Ltd SHSE:600938
Inventories, Finished Goods is just one metric. See GF Score™, valuation, warning signs, and more.
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CNOOC Inventories, Finished Goods Calculation

The products in a manufacturer's inventory that are completed and are waiting to be sold.

What does a Inventories, Finished Goods of ¥0 Mil mean?
CNOOC (SHSE:600938) has a Inventories, Finished Goods of ¥0 Mil as of Mar. 2026. Finished goods are inventory items that are complete and ready to be sold. View historical data on CNOOC and its competitors.
Is CNOOC's Inventories, Finished Goods too high?
CNOOC's current Inventories, Finished Goods is ¥0 Mil. Overall, CNOOC has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CNOOC's Inventories, Finished Goods compare to COP and EOG?
CNOOC's Inventories, Finished Goods of ¥0 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 Inventories, Finished Goods for an Oil & Gas company?
A good Inventories, Finished Goods depends on the Oil & Gas industry context. However, Inventories, Finished Goods 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 Inventories, Finished Goods mean?
A high Inventories, Finished Goods can signal that a stock is expensive relative to its fundamentals. Finished goods are inventory items that are complete and ready to be sold. View historical data on CNOOC and its competitors. CNOOC's current Inventories, Finished Goods is ¥0 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?
Based on GuruFocus' analysis, CNOOC (SHSE:600938) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥27.63, compared to a current price of ¥33.86 — trading 22.5% above its estimated fair value. The current Inventories, Finished Goods is ¥0 Mil. CNOOC's overall GF Score™ is 77/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventories, Finished Goods calculated?
Inventories, Finished Goods is calculated from a company's financial statements. For CNOOC (SHSE:600938), the current Inventories, Finished Goods is ¥0 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 (SHSE:600938) Overvalued in 2026?

Based on GuruFocus' analysis, CNOOC stock appears to be overvalued. The current stock price of ¥33.86 is trading 22.5% above its estimated GF Value™ of ¥27.63. GuruFocus considers CNOOC to be Modestly Overvalued.

Key valuation signals for SHSE:600938:

  • Inventories, Finished Goods: ¥0 Mil
  • GF Value™: ¥27.63 vs. price of ¥33.86 (22.5% above fair value)
  • GF Score™: 77/100 with 1 warning sign

No single metric tells the full story. See the SHSE:600938 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

CNOOC Business Description

Industry EnergyOil & Gas
Other Exchanges 00883:Hong Kong
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.
77GF Score

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Inventories, Finished Goods is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥33.86
Price
¥27.63
GF Value