CNOOC (MEX:883N) Total Assets: MXN3,012,984.45 Mil (As of Mar. 2026)


What is CNOOC Total Assets?

CNOOC MEX:883N 79 Total Assets is MXN3,012,984.45 Mil as of Mar. 2026. GuruFocus rates MEX:883N with a GF Score™ of 79/100. The stock has 1 warning sign investors should review.

CNOOC's Total Assets for the quarter that ended in Mar. 2026 was MXN3,012,984.45 Mil.

During the past 12 months, CNOOC's average Total Assets Growth Rate was 7.50% per year. During the past 3 years, the average Total Assets Growth Rate was 5.70% per year. During the past 5 years, the average Total Assets Growth Rate was 6.30% per year. During the past 10 years, the average Total Assets Growth Rate was 4.70% per year.

During the past 13 years, CNOOC's highest 3-Year average Total Assets Growth Rate was 35.20%. The lowest was -5.20%. And the median was 19.60%.

Total Assets is connected with ROA %. CNOOC's annualized ROA % for the quarter that ended in Mar. 2026 was 14.07%. Total Assets is also linked to Revenue through Asset Turnover. CNOOC's Asset Turnover for the quarter that ended in Mar. 2026 was 0.10.

CNOOC  (MEX:883N) Total Assets Explanation

Total Assets is connected with ROA %.

CNOOC's annualized ROA % for the quarter that ended in Mar. 2026 is

ROA %=Net Income (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=409670.208/( (2808428.525+3012984.447)/ 2 )
=409670.208/2910706.486
=14.07 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

CNOOC's Asset Turnover for the quarter that ended in Mar. 2026 is

Asset Turnover
=Revenue (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=303712.625/( (2808428.525+3012984.447)/ 2 )
=303712.625/2910706.486
=0.10

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

CNOOC Total Assets Related Terms

CNOOC Total Assets Historical Data

* Premium members only.

The historical data trend for CNOOC's Total Assets 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 Total Assets Chart

CNOOC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,533,351.62 2,597,987.35 2,390,587.08 3,025,736.49 2,808,428.53

CNOOC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Assets 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 3,111,939.07 2,934,246.72 2,900,858.34 2,808,428.53 3,012,984.45

CNOOC Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

CNOOC's Total Assets for the fiscal year that ended in Dec. 2025 is calculated as

Total Assets=Total Equity (A: Dec. 2025 )+Total Liabilities (A: Dec. 2025 )
=2058425.368+750003.157
=2,808,428.53

CNOOC's Total Assets for the quarter that ended in Mar. 2026 is calculated as

Total Assets=Total Equity (Q: Mar. 2026 )+Total Liabilities (Q: Mar. 2026 )
=2196692.174+816292.273
=3,012,984.45

* 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 Total Assets →
What does a Total Assets of MXN3,012,984.45 Mil mean?
CNOOC (MEX:883N) has a Total Assets of MXN3,012,984.45 Mil as of Mar. 2026. The total amount of assets as recorded on a company's balance sheet. View historical data on CNOOC and its competitors.
Is CNOOC's Total Assets too high?
CNOOC's current Total Assets is MXN3,012,984.45 Mil. Overall, CNOOC has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does CNOOC's Total Assets compare to COP and EOG?
CNOOC's Total Assets of MXN3,012,984.45 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 Total Assets for an Oil & Gas company?
A good Total Assets depends on the Oil & Gas industry context. However, Total Assets 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 Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on CNOOC and its competitors. CNOOC's current Total Assets is MXN3,012,984.45 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 (MEX:883N) has a current Total Assets of MXN3,012,984.45 Mil. The current Total Assets is MXN3,012,984.45 Mil. 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 Total Assets calculated?
Total Assets is calculated from a company's financial statements. For CNOOC (MEX:883N), the current Total Assets is MXN3,012,984.45 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.

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.