CNOOC (SHSE:600938) Total Tax Payable: ¥27,967 Mil (As of Jun. 2026)

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SHSE:600938 CNOOC Ltd SHSE:600938
78 GF Score
Price ¥33.54
GF Value ¥28.00
Valuation Modestly Overvalued
! 3 Warning Signs
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What is CNOOC Total Tax Payable?

CNOOC SHSE:600938 +3.84% 78 Total Tax Payable is ¥27,967 Mil as of Jun. 2026. GuruFocus rates SHSE:600938 with a GF Score™ of 78/100 and a GF Value™ of ¥28.00 (Modestly Overvalued). The stock has 3 warning signs investors should review.

CNOOC's Total Tax Payable for the quarter that ended in Jun. 2026 was ¥27,967 Mil.

CNOOC's quarterly Total Tax Payable declined from Jun. 2025 (¥20,043 Mil) to Dec. 2025 (¥16,819 Mil) but then increased from Dec. 2025 (¥16,819 Mil) to Jun. 2026 (¥27,967 Mil).

CNOOC's annual Total Tax Payable declined from Dec. 2023 (¥25,130 Mil) to Dec. 2024 (¥19,949 Mil) and declined from Dec. 2024 (¥19,949 Mil) to Dec. 2025 (¥16,819 Mil).

CNOOC Total Tax Payable Historical Data

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The historical data trend for CNOOC's Total Tax Payable 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 Tax Payable Chart

CNOOC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Tax Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16,538.00 16,513.00 25,130.00 19,949.00 16,819.00

CNOOC Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Total Tax Payable 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 28,499.00 19,949.00 20,043.00 16,819.00 27,967.00
SHSE:600938
78GF Score
CNOOC Ltd SHSE:600938
Total Tax Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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CNOOC Total Tax Payable Calculation

Total Tax Payable is the taxes liability owed to federal, state, and local tax authorities. It is the carrying value as of the balance sheet date of obligations incurred and payable for statutory income, sales, use, payroll, excise, real, property and other taxes.

Frequently Asked Questions Learn more about Total Tax Payable →
What does a Total Tax Payable of ¥27,967 Mil mean?
CNOOC (SHSE:600938) has a Total Tax Payable of ¥27,967 Mil as of Jun. 2026. Tax Payable is the taxes liability owed to federal, state, and local tax authorities. View historical data on CNOOC and its competitors.
Is CNOOC's Total Tax Payable too high?
CNOOC's current Total Tax Payable is ¥27,967 Mil. Overall, CNOOC has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CNOOC's Total Tax Payable compare to COP and EOG?
CNOOC's Total Tax Payable of ¥27,967 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 Tax Payable for an Oil & Gas company?
A good Total Tax Payable depends on the Oil & Gas industry context. However, Total Tax Payable 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 Tax Payable mean?
A high Total Tax Payable can signal that a stock is expensive relative to its fundamentals. Tax Payable is the taxes liability owed to federal, state, and local tax authorities. View historical data on CNOOC and its competitors. CNOOC's current Total Tax Payable is ¥27,967 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 ¥28.00, compared to a current price of ¥33.54 — trading 19.8% above its estimated fair value. The current Total Tax Payable is ¥27,967 Mil. CNOOC's overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Tax Payable calculated?
Total Tax Payable is calculated from a company's financial statements. For CNOOC (SHSE:600938), the current Total Tax Payable is ¥27,967 Mil as of Jun. 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 ¥33.54 is trading 19.8% above its estimated GF Value™ of ¥28.00. GuruFocus considers CNOOC to be Modestly Overvalued.

Key valuation signals for SHSE:600938:

  • Total Tax Payable: ¥27,967 Mil
  • GF Value™: ¥28.00 vs. price of ¥33.54 (19.8% above fair value)
  • GF Score™: 78/100 with 3 warning signs

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.
78GF Score

Get the complete analysis for SHSE:600938

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

¥33.54
Price
¥28.00
GF Value