CNOOC (FRA:NC2B) Interest Expense: €-804 Mil (TTM As of Mar. 2026)

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FRA:NC2B CNOOC Ltd FRA:NC2B
85 GF Score
Price €2.18
GF Value €1.84
! 1 Warning Sign
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What is CNOOC Interest Expense?

CNOOC FRA:NC2B 85 Interest Expense is €-804 Mil as of Mar. 2026. GuruFocus rates FRA:NC2B with a GF Score™ of 85/100 and a GF Value™ of €1.84. The stock has 1 warning sign investors should review.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CNOOC's interest expense for the three months ended in Mar. 2026 was € -70 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2026 was €-804 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. CNOOC's Operating Income for the three months ended in Mar. 2026 was € 6,514 Mil. CNOOC's Interest Expense for the three months ended in Mar. 2026 was € -70 Mil. CNOOC's Interest Coverage for the quarter that ended in Mar. 2026 was 93.69. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

CNOOC  (FRA:NC2B) Interest Expense Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

CNOOC's Interest Expense for the three months ended in Mar. 2026 was €-70 Mil. Its Operating Income for the three months ended in Mar. 2026 was €6,514 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2026 was €8,232 Mil.

CNOOC's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*6514.39/-69.53
=93.69

* 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.

The higher the ratio, the stronger the company's financial strength is.

CNOOC Interest Expense Historical Data

* Premium members only.

The historical data trend for CNOOC's Interest Expense 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 Interest Expense Chart

CNOOC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -834.38 -809.58 -685.16 -796.59 -789.11

CNOOC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Expense 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 -57.68 -324.20 141.61 -552.30 -69.53
FRA:NC2B
85GF Score
CNOOC Ltd FRA:NC2B
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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CNOOC Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-804 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of €-804 Mil mean?
CNOOC (FRA:NC2B) has a Interest Expense of €-804 Mil as of Mar. 2026. Interest Expense is the amount a company pays on its long-term debt. View historical data on CNOOC and its competitors.
Is CNOOC's Interest Expense too high?
CNOOC's current Interest Expense is €-804 Mil. Overall, CNOOC has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does CNOOC's Interest Expense compare to COP and EOG?
CNOOC's Interest Expense of €-804 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 Interest Expense for an Oil & Gas company?
A good Interest Expense depends on the Oil & Gas industry context. However, Interest Expense 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 Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on CNOOC and its competitors. CNOOC's current Interest Expense is €-804 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 (FRA:NC2B) has a current Interest Expense of €-804 Mil. The stock's GF Value™ is €1.84, compared to a current price of €2.18 — trading 18.5% above its estimated fair value. The current Interest Expense is €-804 Mil. CNOOC's overall GF Score™ is 85/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For CNOOC (FRA:NC2B), the current Interest Expense is €-804 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 (FRA:NC2B) Overvalued in 2026?

Based on GuruFocus' analysis, CNOOC stock appears to be overvalued. The current stock price of €2.18 is trading 18.5% above its estimated GF Value™ of €1.84.

Key valuation signals for FRA:NC2B:

  • Interest Expense: €-804 Mil
  • GF Value™: €1.84 vs. price of €2.18 (18.5% above fair value)
  • GF Score™: 85/100 with 1 warning sign

No single metric tells the full story. See the FRA:NC2B 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 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.
85GF Score

Get the complete analysis for FRA:NC2B

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

€2.18
Price
€1.84
GF Value