CNOOC (883.HK) Stock Price
CNOOC Price
Revenue has compounded at 10.8% per year over the past 6 years to 420.51 B CNY. Earnings per share have grown at 17.3% per year over the last 6 years. CNOOC's net margin stands at 32.8%, up from 16.1% several years earlier. The payout ratio is around 42% of earnings. The dividend has grown at 15.2% per year over the past 6 years.
CNOOC stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of CNOOC over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how CNOOC stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing CNOOC's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
| Date | CNOOC Price |
|---|
CNOOC Revenue, EBIT, Net Income
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CNOOC Income Statement, Balance Sheet, Cash Flow Statement
| REVENUEB CNY |
|---|
| REVENUE GROWTH% |
| GROSS MARGIN% |
| GROSS INCOMEB CNY |
| EBITB CNY |
| EBIT MARGIN% |
| NET INCOMEB CNY |
| NET INCOME GROWTH% |
| DIVIDENDDIV.CNY |
| DIVIDEND GROWTHDIV. GROWTH% |
| SHARESB |
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025e | 2026e | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 227.71 | 233.20 | 155.37 | 246.11 | 422.23 | 416.61 | 420.51 | 413.49 | 408.28 | 425.52 | 433.50 | 397.65 |
| – | 2.41 | -33.37 | 58.40 | 71.56 | -1.33 | 0.94 | -1.67 | -1.26 | 4.22 | 1.88 | -8.27 |
| 40.23 | 42.04 | 34.59 | 47.71 | 50.33 | 46.72 | 50.29 | 50.29 | 50.29 | 50.29 | 50.29 | 50.29 |
| 91.61 | 98.05 | 53.75 | 117.43 | 212.49 | 194.65 | 211.47 | 207.94 | 205.32 | 213.99 | 218.00 | 199.97 |
| 78.07 | 83.92 | 40.75 | 101.70 | 191.67 | 169.29 | 190.31 | 174.14 | 167.88 | 175.91 | 184.51 | 182.71 |
| 34.29 | 35.99 | 26.23 | 41.32 | 45.39 | 40.63 | 45.26 | 42.11 | 41.12 | 41.34 | 42.56 | 45.95 |
| 52.68 | 61.05 | 24.96 | 70.32 | 141.70 | 123.84 | 137.94 | 132.58 | 129.17 | 137.31 | 141.11 | 134.19 |
| – | 15.89 | -59.12 | 181.77 | 101.51 | -12.60 | 11.38 | -3.89 | -2.57 | 6.30 | 2.77 | -4.90 |
| – | – | – | – | 1.88 | 1.34 | 1.40 | 1.39 | 1.39 | 1.39 | – | – |
| – | – | – | – | – | -28.72 | 4.48 | -0.71 | – | – | – | – |
| 47.25 | 47.25 | 47.25 | 47.25 | 46.77 | 47.57 | 47.55 | 47.55 | 47.55 | 47.55 | 47.55 | 47.55 |
Details
Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales CNOOC generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue CNOOC retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare CNOOC's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares CNOOC has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against CNOOC's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
CNOOC stock margins
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CNOOC Stock Revenue, EBIT, Earnings per Share
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CNOOC business model & stock analysis
CNOOC SWOT Analysis
Strengths
CNOOC Ltd, an energy company based in China, has several strengths that contribute to its success in the market. These include:
- A strong financial position, allowing for significant investment in exploration and production activities.
- A diverse portfolio of offshore and onshore oil and gas assets, providing a stable revenue stream.
- Strong government support and favorable policies in China, providing stability and growth opportunities.
- Efficient operations and advanced technology, enabling cost-effective exploration and production processes.
- An extensive network of partnerships and collaborations, facilitating access to new markets and resources.
Weaknesses
Despite its strengths, CNOOC Ltd also faces some weaknesses that may hinder its growth and performance. These weaknesses include:
- Reliance on the Chinese market, making the company susceptible to changes in government policies and economic fluctuations.
- Limited reserve replacement ratio, suggesting potential challenges in maintaining production levels in the long term.
- Relatively lower brand recognition and market presence compared to some international competitors.
- Environmental concerns related to offshore drilling and production activities, leading to potential reputational risks.
Opportunities
CNOOC Ltd can leverage various opportunities to expand its market presence and enhance its competitive position. These opportunities include:
- Increasing global demand for energy, especially in emerging economies, offering potential growth markets.
- Exploration and production opportunities in offshore areas such as the South China Sea and international deepwater blocks.
- Investment in renewable energy sources, such as wind and solar, to diversify the energy portfolio and tap into the growing green energy market.
- Expansion of strategic partnerships and collaborations with international energy companies, enabling access to expertise and resources.
Threats
CNOOC Ltd faces several threats that can negatively impact its operations and profitability. These threats include:
- Volatility in global oil and gas prices, leading to uncertain revenue streams and potential financial challenges.
- Competitive landscape, with strong competition from international and domestic energy companies.
- Geo-political tensions and territorial disputes in the South China Sea, which can disrupt operations and exploration activities.
- Stringent regulations and increasing environmental concerns, necessitating compliance costs and potential operational restrictions.
CNOOC Eulerpool Fair Value
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Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
CNOOC historical P/E ratio, EBIT multiple, and P/S ratio
CNOOC annual returns
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Annual Return
ⓘWhat This Chart Shows
This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
CNOOC shares outstanding
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CNOOC stock splits
CNOOC Dividend History
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CNOOC dividend history and estimates
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CNOOC dividend payout ratio
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EESG©
Eulerpool ESG Scorecard© for the CNOOC stock
EEnvironment
20
Environment
SSocial
20
Social
GGovernance (Corporate Governance)
4
Governance (Corporate Governance)
The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.
CNOOC shareholder structure
| % | Name |
|---|---|
0.00378% | |
0.00144% | |
0.00028% | |
0.00020% | |
0.00020% | |
0.00019% |
CNOOC Executives and Management Board
Mr. Yugao Xu
(55)Chief Compliance Officer, General Counsel, Secretary of the company, Joint Company Secretary
Mr. Changgui Xu
(54)Chief Geologist
Mr. Hongtao Yan
(55)President, Executive Director, Chief Safety Officer · since 2022
Ms. Shuk Yin Li
(63)Independent Non-Executive Director
Mr. Xinhuai Zhou
(55)Chief Executive Officer, Executive Vice Chairman of the Board · since 2022
Frequently asked questions about CNOOC
The business model of CNOOC Ltd revolves around being a leading exploration and production company in China. As one of the largest national oil companies, CNOOC focuses on offshore oil and gas activities. The company operates through three main segments: Exploration and Production, Trading and Marketing, and Corporate. CNOOC's core strategy involves enhancing its oil and gas reserves, expanding production capacity, and optimizing cost efficiency. With a strong focus on technology and innovation, the company strives to sustainably develop its resources and contribute to China's energy security. As a prominent player in the energy sector, CNOOC Ltd aims to provide value to its shareholders while promoting global cooperation and responsible operations.
CNOOC stock
CNOOC Peer Group
CNOOC Ticker
CNOOC FIGI
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.