Update shared on03 Sep 2025
Fair value Increased 1.71%CNOOC's consensus forecasts have improved, with analysts now projecting markedly higher revenue growth and a higher future P/E, supporting a slight upward revision in the fair value price target to HK$21.53.
What's in the News
- CNOOC's Board declared an interim dividend of HKD 0.73 per share.
- Subsidiaries entered into production sharing contracts for Gaea and Gaea II blocks in Indonesia, securing non-operating interests near the Tangguh LNG project.
- Yellowtail Project in Guyana began production ahead of schedule, raising Stabroek Block's capacity to 900,000 barrels of crude oil per day.
- Dongfang 1-1 Gas Field 13-3 Block in the Yinggehai Basin offshore China commenced production, establishing a high-tech integrated gas supply network for the region.
- Kenli 10-2 Oilfields Development Project (Phase I) in the Bohai Sea commenced production, leveraging advanced recovery and platform technologies for heavy oil.
Valuation Changes
Summary of Valuation Changes for CNOOC
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from HK$21.17 to HK$21.53.
- The Consensus Revenue Growth forecasts for CNOOC has significantly risen from 0.2% per annum to 1.4% per annum.
- The Future P/E for CNOOC has significantly risen from 8.23x to 9.17x.
Disclaimer
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