CNOOC (FRA:NC2B) Tax Rate %: 25.16% (As of Mar. 2026)

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FRA:NC2B CNOOC Ltd FRA:NC2B
85 GF Score
Price €2.18
GF Value €1.77
! 1 Warning Sign
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What is CNOOC Tax Rate %?

CNOOC FRA:NC2B 85 Tax Rate % is 25.16% as of Mar. 2026. GuruFocus rates FRA:NC2B with a GF Score™ of 85/100 and a GF Value™ of €1.77. The stock has 1 warning sign investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. CNOOC's Tax Expense for the three months ended in Mar. 2026 was €1,653 Mil. CNOOC's Pre-Tax Income for the three months ended in Mar. 2026 was €6,571 Mil. Therefore, CNOOC's Tax Rate % for the quarter that ended in Mar. 2026 was 25.16%.

CNOOC Tax Rate % Related Terms

CNOOC Tax Rate % Historical Data

* Premium members only.

The historical data trend for CNOOC's Tax Rate % 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 Tax Rate % Chart

CNOOC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.63 27.26 28.26 27.37 28.00

CNOOC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Tax Rate % 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 26.55 26.40 26.99 34.16 25.16
FRA:NC2B
85GF Score
CNOOC Ltd FRA:NC2B
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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CNOOC Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

CNOOC's Tax Rate % for the fiscal year that ended in Dec. 2025 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2025 )/Pre-Tax Income (A: Dec. 2025 )
=5758.365/20569.018
=28.00 %

CNOOC's Tax Rate % for the quarter that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2026 )/Pre-Tax Income (Q: Mar. 2026 )
=1653.416/6571.244
=25.16 %

* 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 Tax Rate % →
What does a Tax Rate % of 25.16% mean?
CNOOC (FRA:NC2B) has a Tax Rate % of 25.16% as of Mar. 2026.
Is CNOOC's Tax Rate % too high?
CNOOC's current Tax Rate % is 25.16%. Overall, CNOOC has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does CNOOC's Tax Rate % compare to COP and EOG?
CNOOC's Tax Rate % of 25.16% 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 Tax Rate % for an Oil & Gas company?
A good Tax Rate % depends on the Oil & Gas industry context. However, Tax Rate % 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 Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. CNOOC's current Tax Rate % is 25.16%. 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 Tax Rate % of 25.16%. The stock's GF Value™ is €1.77, compared to a current price of €2.18 — trading 23.2% above its estimated fair value. The current Tax Rate % is 25.16%. 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 Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For CNOOC (FRA:NC2B), the current Tax Rate % is 25.16% 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 23.2% above its estimated GF Value™ of €1.77.

Key valuation signals for FRA:NC2B:

  • Tax Rate %: 25.16%
  • GF Value™: €1.77 vs. price of €2.18 (23.2% 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

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

€2.18
Price
€1.77
GF Value