Key Takeaways Aggressive reserve expansion, efficient project execution, and low-cost operations drive sustainable production growth and protect margins across market cycles. Favorable policy, strong regional demand, and disciplined capital allocation underpin stable revenues, reduced risk, and attractive shareholder returns.Read more
Key Takeaways Technological innovation and rapid project development are driving efficiency gains and positioning CNOOC for strong, resilient margin and revenue growth, even in volatile markets. Strategic advantages in reserves, cost leadership, and state support underpin long-term stability and upside, while energy transition trends secure enduring demand for its gas business.Read more
Key Takeaways Rapid growth in renewables and global decarbonization trends are eroding long-term demand for CNOOC's core oil and gas assets, threatening market share and revenue stability. Escalating ESG, regulatory, and geopolitical pressures are increasing compliance and funding costs while restricting international expansion and technology access.Read more
CNOOC Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas in worldwide. It produces offshore crude oil and natural gas primarily in Bohai, the Western South China Sea, the Eastern South China Sea, and the East China Sea in offshore China. The company also holds interests in various oil and gas assets in Asia, Africa, North America, South America, Oceania, and Europe. In addition, it is involved in the sales and trading of petroleum and natural gas; oil sands exploration, development, and production; and exploration, development, and production of unconventional natural gas resources in onshore China, as well as in shale oil and gas activities. Further, it engages in the development of Kenli 10-2 Oilfields Project. The company was incorporated in 1999 and is based in Hong Kong. CNOOC Limited operates as a subsidiary of CNOOC (BVI) LTD.
