CNOOC (600938.SS) Stock Price

CNOOC Price

SSE·CLOSED
34.35
​
Market closed

Over the last 19 years CNOOC grew revenue by 8.2% annually, reaching 398.22 B CNY. Earnings per share have grown at 6.9% per year over the last 19 years. For CNOOC, the net margin of 30.7% is up versus 28.6% a few years ago. At today's price the dividend yield works out to roughly 1.94%. The payout ratio is around 26% of earnings. The consensus 12-month price target for CNOOC is 31.72 CNY, about 7.7% below where the stock trades today. Of 17 analysts, 15 rate the stock a buy — an overall Buy consensus.

CNOOC stock price

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CNOOC business model & stock analysis

CNOOC Ltd is a CN-based company operating in Oil, Gas & Consumable Fuels industry. The company is headquartered in Beijing, Beijing and currently employs 21,452 full-time employees. The company went IPO on 2001-02-28. CNOOC Ltd is a China-based investment holding company principally engaged in the exploration, production and sales of crude oil and natural gas. The firm operates three segments. Exploration and Production segment is engaged in conventional oil and gas business, shale oil and gas business, oil sands business and other unconventional oil and gas businesses. Trading segment is engaged in entrepot trade of crude oil in overseas areas. Corporate segment is engaged in headquarter management, assets management, research & development, and other businesses. The firm mainly operates businesses in China, Canada, the United Kingdom, Nigeria, and Brazil, among others.

Frequently asked questions about CNOOC

Analysts currently set an average price target of 31.20 CNY for the CNOOC stock (median: 31.72 CNY), implying -9.2 % versus the latest price. The consensus is based on 17 analyst ratings.

17 analysts currently rate the CNOOC stock: 15 recommend buying, 1 holding and 1 selling. For 2026, analysts expect CNOOC to generate revenue of 482.06 B CNY and earnings per share of 3.45 CNY.

Converted at the current exchange rate, the CNOOC share trades at 4.57 EUR (34.35 CNY).

The CNOOC share (600938.SS) is listed on 1 stock exchanges, including: Shanghai (600938.SS).

The expected revenue of CNOOC is 482.06 B CNY. This figure is based on current financial data and reflects the company's business performance.

The expected profit of CNOOC is 164.12 B CNY. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of CNOOC is currently 9.95. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the CNOOC stock.

The price-to-sales ratio (P/S) of CNOOC is currently 3.39. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the CNOOC stock.

The Eulerpool Quality Score for CNOOC is 4/10.

The ISIN of CNOOC is CNE100005980. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The ticker of CNOOC is 600938.SS. The ticker symbol is used to trade CNOOC shares on the stock exchange.

Fair ValueTerminal
28.85 CNY
Over-/UndervaluationTerminal
Fairly valued
Sector
Industry
Oil, Gas & Consumable Fuels
Number of shares
Employees
Revenue per Employee
18.56 M CNY
Revenue growth Ø5 years
EBIT growth Ø5 years
Net Income growth Ø5 years
Website cnoocltd.com
Country
Currency
CNY
Initial public offering
Feb 28, 2001
ISIN
CNE100005980
Cusip
Y1662W117
Market capitalization
1.63 T CNYMega Cap
52-Week Range
PEG
-6.60
P/E ratio
P/Ee 2026
9.95
P/Ee 2027
10.52
P/Ee 2028
10.44
P/Ee 2029
10.80
P/S
P/Se
3.39
EV/EBIT
9.37
P/B Ratio
2.03
ROE (Return on Equity)
ROA (Return on Assets)
ROCE (Return on Capital Employed)
ROIC (Return on Invested Capital)
13.99 %
Dividend
Dividend yield
1.94 %
Est. Dividend Yield
2.79 %
Payout Ratio
25.93 %
Dividend growth Ø5Y
—
Dividend payments per year
1
Dividend paid since
4 years
Dividend not reduced since
0 years
Dividend increased since
0 years
Dividend withholding tax
10.00 %
Last updated Oct 8, 2026, 6:46 PM

CNOOC Peer Group

CNOOC Ticker

SHH · 600938.SS

CNOOC FIGI

600938:CH · BBG01416QCK8600938:CG · BBG01416QCL7600938:C1 · BBG01BWN6QC1

All fundamentals and in-depth analysis of CNOOC

Our stock analysis for CNOOC stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of CNOOC. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.