Update shared on18 Sep 2025
Fair value Increased 4.28%The rise in analyst price target for CNOOC reflects improved consensus on revenue growth forecasts and a higher expected future P/E, leading to a fair value increase from HK$21.53 to HK$22.46.
What's in the News
- Wenchang 16-2 Oilfield Development Project commenced production, targeting 11,200 barrels/day plateau by 2027; CNOOC holds 100% interest.
- Interim dividend of HKD 0.73 per share declared for H1 2025.
- CNOOC secured 5.56% interests in Gaea and Gaea II exploration blocks in Indonesia, in partnership with Tangguh LNG project stakeholders.
- Yellowtail Project in Guyana’s Stabroek Block began production ahead of schedule, boosting block capacity to 900,000 barrels/day.
- Dongfang 1-1 Gas Field 13-3 Block, the first high-temp, high-pressure, low-permeability offshore gas project in China, began production, strengthening integrated supply for Guangdong, Hong Kong, and Hainan.
Valuation Changes
Summary of Valuation Changes for CNOOC
- The Consensus Analyst Price Target has risen slightly from HK$21.53 to HK$22.46.
- The Consensus Revenue Growth forecasts for CNOOC has significantly risen from 1.4% per annum to 1.8% per annum.
- The Future P/E for CNOOC has significantly risen from 8.39x to 9.44x.
Disclaimer
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