CNOOCHAM:NC2B 79 OCF Margin % is 47.51% as of Mar. 2026, which is 9% below its 10-year median of 52.03. GuruFocus rates HAM:NC2B with a GF Score™ of 79/100 and a GF Value™ of €1.93. The stock has 1 warning sign investors should review. Among 905 Oil & Gas companies, CNOOC ranks worse than 50.28% on this metric.
OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. CNOOC's Cash Flow from Operations for the
three
months ended in Mar. 2026 was €6,921 Mil. CNOOC's Revenue for the
three
months ended in Mar. 2026 was €14,569 Mil. Therefore, CNOOC's OCF Margin % for the quarter that ended in Mar. 2026 was 47.51%.
The historical rank and industry rank for CNOOC's OCF Margin % or its related term are showing as below:
HAM:NC2B'
s OCF Margin % Range Over the Past 10 Years
Min: 47.56 Med: 52.03 Max: 59.47
Current: 13.93
During the past 13 years, the highest OCF Margin % of CNOOC was 59.47%. The lowest was 47.56%. And the median was 52.03%.
HAM:NC2B's OCF Margin % is ranked worse than 50.28% of 905
companies
in the Oil & Gas industry
Industry Median: 13.96
vs HAM:NC2B: 13.93
CNOOC OCF Margin % Related Terms
CNOOC OCF Margin % Historical Data
* Premium members only.
The historical data trend for CNOOC's OCF Margin % 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.
HAM:NC2B vs COP, EOG, OXY: OCF Margin % Comparison
For the Oil & Gas E&P subindustry, CNOOC's OCF Margin %, along with its competitors' market caps and OCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CNOOC OCF Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, CNOOC's OCF Margin % distribution charts can be found below:
* The bar in red indicates where CNOOC's OCF Margin % falls into.
* 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 (HAM:NC2B) has a OCF Margin % of 47.51% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on CNOOC and its competitors. This is near median its historical median of 52.03. Over the past decade, CNOOC's OCF Margin % has ranged from 47.56 to 59.47. According to the industry distribution chart, CNOOC ranks #455 out of 905 companies in the Oil & Gas industry, placing it in the top 50.3%.
Is CNOOC's OCF Margin % too high?
CNOOC's current OCF Margin % of 47.51% is near median its 10-year median of 52.03. Over the past 10 years, this metric has ranged from a low of 47.56 to a high of 59.47. The Oil & Gas industry median OCF Margin % is 13.96. CNOOC's value of 47.51% is 240.3% above this industry median. Based on the distribution chart, CNOOC ranks #455 out of 905 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, CNOOC has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does CNOOC's OCF Margin % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, CNOOC ranks #455 out of 905 companies for OCF Margin %. This places CNOOC in the lower half of its industry. The industry median OCF Margin % is 13.96. CNOOC's value of 47.51% is 240.3% above this benchmark. Historically, CNOOC's own OCF Margin % has ranged from 47.56 to 59.47 over the past decade. While the company's 10-year median is 52.03 vs. the industry median of 13.96, CNOOC has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good OCF Margin % for an Oil & Gas company?
The median OCF Margin % among Oil & Gas companies is 13.96, based on 905 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CNOOC's current OCF Margin % of 47.51% is 240.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on CNOOC and its competitors. For the Oil & Gas industry, the median OCF Margin % is 13.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CNOOC's current OCF Margin % is 47.51%, which is near median its own 10-year median of 52.03. 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 (HAM:NC2B) has a current OCF Margin % of 47.51%. The stock's GF Value™ is €1.93, compared to a current price of €2.16 — trading 11.9% above its estimated fair value. The current OCF Margin % is 47.51%, which is near median its 10-year median of 52.03 and 240.3% above the Oil & Gas industry median of 13.96. 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 OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For CNOOC (HAM:NC2B), the current OCF Margin % is 47.51% 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 (HAM:NC2B) Overvalued in 2026?
Based on GuruFocus' analysis, CNOOC stock appears to be overvalued.
The current stock price of €2.16 is trading 11.9% above its estimated GF Value™ of €1.93.
Key valuation signals for HAM:NC2B:
OCF Margin %: 47.51% (near median its 10-year median of 52.03)
GF Value™: €1.93 vs. price of €2.16 (11.9% above fair value)
Industry Position: 240.3% above the Oil & Gas median (#455 of 905)
No single metric tells the full story. See the HAM:NC2B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
79GF Score
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