CNOOC Energy Technology & Services (SHSE:600968) Research & Development: ¥1,363 Mil (TTM As of Mar. 2026)


SHSE:600968 CNOOC Energy Technology & Services Ltd SHSE:600968
89 GF Score
Price ¥3.80
GF Value ¥3.89
Valuation Fairly Valued
! 2 Warning Signs
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What is CNOOC Energy Technology & Services Research & Development?

CNOOC Energy Technology & Services SHSE:600968 +0.26% 89 Research & Development is ¥1,363 Mil as of Mar. 2026. GuruFocus rates SHSE:600968 with a GF Score™ of 89/100 and a GF Value™ of ¥3.89 (Fairly Valued). The stock has 2 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. CNOOC Energy Technology & Services's Research & Development for the three months ended in Mar. 2026 was ¥268 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ¥1,363 Mil.

CNOOC Energy Technology & Services  (SHSE:600968) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

CNOOC Energy Technology & Services Research & Development Related Terms

CNOOC Energy Technology & Services Research & Development Historical Data

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The historical data trend for CNOOC Energy Technology & Services's Research & Development 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 Research & Development Chart

CNOOC Energy Technology & Services Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,040.60 1,329.64 1,162.04 986.08 1,251.10

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
Research & Development 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 155.81 276.15 275.49 543.64 267.53
SHSE:600968
89GF Score
CNOOC Energy Technology & Services Ltd SHSE:600968
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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CNOOC Energy Technology & Services Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development 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 ¥1,363 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 Research & Development →
What does a Research & Development of ¥1,363 Mil mean?
CNOOC Energy Technology & Services (SHSE:600968) has a Research & Development of ¥1,363 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on CNOOC Energy Technology & Services and its competitors.
Is CNOOC Energy Technology & Services' Research & Development too high?
CNOOC Energy Technology & Services' current Research & Development is ¥1,363 Mil. Overall, CNOOC Energy Technology & Services has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CNOOC Energy Technology & Services' Research & Development compare to SLB and BKR?
CNOOC Energy Technology & Services' Research & Development of ¥1,363 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 Research & Development for an Oil & Gas company?
A good Research & Development depends on the Oil & Gas industry context. However, Research & Development 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 Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on CNOOC Energy Technology & Services and its competitors. CNOOC Energy Technology & Services's current Research & Development is ¥1,363 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 Fairly Valued. The stock's GF Value™ is ¥3.89, compared to a current price of ¥3.80 — trading 2.3% below its estimated fair value. The current Research & Development is ¥1,363 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 Research & Development calculated?
Research & Development is calculated from a company's financial statements. For CNOOC Energy Technology & Services (SHSE:600968), the current Research & Development is ¥1,363 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 ¥3.80 is trading 2.3% below its estimated GF Value™ of ¥3.89. GuruFocus considers CNOOC Energy Technology & Services to be Fairly Valued.

Key valuation signals for SHSE:600968:

  • Research & Development: ¥1,363 Mil
  • GF Value™: ¥3.89 vs. price of ¥3.80 (2.3% 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 EnergyOil & Gas
Address No. 6 Dongzhimenwai Street, CNOOC Building, Dongcheng District, Beijing, CHN, 100027
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

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

¥3.80
Price
¥3.89
GF Value