CNOOC (SHSE:600938) Inventories, Raw Materials & Components: ¥0 Mil (As of Mar. 2026)

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SHSE:600938 CNOOC Ltd SHSE:600938
84 GF Score
Price ¥29.52
GF Value ¥25.25
Valuation Modestly Overvalued
! 1 Warning Sign
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What is CNOOC Inventories, Raw Materials & Components?

CNOOC SHSE:600938 +2.43% 84 Inventories, Raw Materials & Components is ¥0 Mil as of Mar. 2026. GuruFocus rates SHSE:600938 with a GF Score™ of 84/100 and a GF Value™ of ¥25.25 (Modestly Overvalued). The stock has 1 warning sign investors should review.

CNOOC's inventories, raw materials & components for the quarter that ended in Mar. 2026 was ¥0 Mil.

CNOOC's quarterly raw materials increased from Sep. 2025 (¥0 Mil) to Dec. 2025 (¥4,563 Mil) but then declined from Dec. 2025 (¥4,563 Mil) to Mar. 2026 (¥0 Mil).

CNOOC's annual raw materials declined from Dec. 2023 (¥4,296 Mil) to Dec. 2024 (¥4,188 Mil) but then increased from Dec. 2024 (¥4,188 Mil) to Dec. 2025 (¥4,563 Mil).

CNOOC Inventories, Raw Materials & Components Historical Data

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The historical data trend for CNOOC's Inventories, Raw Materials & Components 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, Raw Materials & Components Chart

CNOOC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventories, Raw Materials & Components
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,561.00 4,611.00 4,296.00 4,188.00 4,563.00

CNOOC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventories, Raw Materials & Components 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 4,563.00 0.00
SHSE:600938
84GF Score
CNOOC Ltd SHSE:600938
Inventories, Raw Materials & Components is just one metric. See GF Score™, valuation, warning signs, and more.
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CNOOC Inventories, Raw Materials & Components Calculation

Materials and components scheduled for use in making a product.

What does a Inventories, Raw Materials & Components of ¥0 Mil mean?
CNOOC (SHSE:600938) has a Inventories, Raw Materials & Components of ¥0 Mil as of Mar. 2026. Raw materials are the components a company uses for its main products. View historical data on CNOOC and its competitors.
Is CNOOC's Inventories, Raw Materials & Components too high?
CNOOC's current Inventories, Raw Materials & Components is ¥0 Mil. Overall, CNOOC has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CNOOC's Inventories, Raw Materials & Components compare to COP and EOG?
CNOOC's Inventories, Raw Materials & Components 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, Raw Materials & Components for an Oil & Gas company?
A good Inventories, Raw Materials & Components depends on the Oil & Gas industry context. However, Inventories, Raw Materials & Components 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, Raw Materials & Components mean?
A high Inventories, Raw Materials & Components can signal that a stock is expensive relative to its fundamentals. Raw materials are the components a company uses for its main products. View historical data on CNOOC and its competitors. CNOOC's current Inventories, Raw Materials & Components 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 ¥25.25, compared to a current price of ¥29.52 — trading 16.9% above its estimated fair value. The current Inventories, Raw Materials & Components is ¥0 Mil. CNOOC's overall GF Score™ is 84/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventories, Raw Materials & Components calculated?
Inventories, Raw Materials & Components is calculated from a company's financial statements. For CNOOC (SHSE:600938), the current Inventories, Raw Materials & Components 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 ¥29.52 is trading 16.9% above its estimated GF Value™ of ¥25.25. GuruFocus considers CNOOC to be Modestly Overvalued.

Key valuation signals for SHSE:600938:

  • Inventories, Raw Materials & Components: ¥0 Mil
  • GF Value™: ¥25.25 vs. price of ¥29.52 (16.9% above fair value)
  • GF Score™: 84/100 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.
84GF Score

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Inventories, Raw Materials & Components is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥29.52
Price
¥25.25
GF Value