CNOOC (HKSE:00883) Total Operating Expense: HK$104,989 Mil (TTM As of Mar. 2026)

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HKSE:00883 CNOOC Ltd HKSE:00883
84 GF Score
Price HK$23.58
GF Value HK$20.07
Valuation Modestly Overvalued
! 1 Warning Sign
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What is CNOOC Total Operating Expense?

CNOOC HKSE:00883 -0.67% 84 Total Operating Expense is HK$104,989 Mil as of Mar. 2026. GuruFocus rates HKSE:00883 with a GF Score™ of 84/100 and a GF Value™ of HK$20.07 (Modestly Overvalued). The stock has 1 warning sign investors should review.

CNOOC's Total Operating Expense for the three months ended in Mar. 2026 was HK$8,514 Mil. CNOOC's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was HK$104,989 Mil.

CNOOC Total Operating Expense Related Terms

CNOOC Total Operating Expense Historical Data

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The historical data trend for CNOOC's Total Operating Expense 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 Operating Expense Chart

CNOOC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 80,424.24 93,557.24 101,615.34 101,232.39 105,343.27

CNOOC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense 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 8,444.76 39,174.14 -23,056.31 80,357.71 8,513.74
HKSE:00883
84GF Score
CNOOC Ltd HKSE:00883
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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CNOOC Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense 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 HK$104,989 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.

What does a Total Operating Expense of HK$104,989 Mil mean?
CNOOC (HKSE:00883) has a Total Operating Expense of HK$104,989 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on CNOOC and its competitors.
Is CNOOC's Total Operating Expense too high?
CNOOC's current Total Operating Expense is HK$104,989 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 Total Operating Expense compare to COP and EOG?
CNOOC's Total Operating Expense of HK$104,989 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 Operating Expense for an Oil & Gas company?
A good Total Operating Expense depends on the Oil & Gas industry context. However, Total Operating Expense 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 Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on CNOOC and its competitors. CNOOC's current Total Operating Expense is HK$104,989 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 (HKSE:00883) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$20.07, compared to a current price of HK$23.58 — trading 17.5% above its estimated fair value. The current Total Operating Expense is HK$104,989 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 Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For CNOOC (HKSE:00883), the current Total Operating Expense is HK$104,989 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 (HKSE:00883) Overvalued in 2026?

Based on GuruFocus' analysis, CNOOC stock appears to be overvalued. The current stock price of HK$23.58 is trading 17.5% above its estimated GF Value™ of HK$20.07. GuruFocus considers CNOOC to be Modestly Overvalued.

Key valuation signals for HKSE:00883:

  • Total Operating Expense: HK$104,989 Mil
  • GF Value™: HK$20.07 vs. price of HK$23.58 (17.5% above fair value)
  • GF Score™: 84/100 with 1 warning sign

No single metric tells the full story. See the HKSE:00883 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

CNOOC Business Description

Industry EnergyOil & Gas
Other Exchanges 600938: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.
84GF Score

Get the complete analysis for HKSE:00883

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$23.58
Price
HK$20.07
GF Value