CNOOC (883) Stock Overview
An investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas in worldwide. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
883 Community Fair Values
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Analyst Price Targets
CNOOC Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$29.38 |
| 52 Week High | HK$30.98 |
| 52 Week Low | HK$16.24 |
| Beta | 0.30 |
| 1 Month Change | 4.93% |
| 3 Month Change | 20.51% |
| 1 Year Change | 75.30% |
| 3 Year Change | 137.32% |
| 5 Year Change | 240.05% |
| Change since IPO | 1,428.62% |
Recent News & Updates
883: Rising Production And Steady Dividends Will Support Stronger Future Returns
Analysts have raised their CNOOC price target from HK$27.06 to HK$31.52, citing updated assumptions that reflect different revenue growth expectations, a slightly higher profit margin outlook, and a modestly higher future P/E multiple. What's in the News CNOOC reported operating results for the year ended 31 December 2025, with net production of approximately 2.13 million BOE per day and total net oil and gas production of 777.3 million BOE.
883: Higher Dividend Payout And New Leadership Will Support Future Upside
Analysts now place CNOOC's fair value at HK$45.08, compared with the previous HK$27.63, reflecting updated views on revenue growth, profit margins, and future P/E assumptions. What's in the News CNOOC reported operating results for the year ended 31 December 2025, with net production of approximately 2.13 million BOE per day and total net oil and gas production of 777.3 million BOE for the year.Recent updates
883: Rising Production And Steady Dividends Will Support Stronger Future Returns
Analysts have raised their CNOOC price target from HK$27.06 to HK$31.52, citing updated assumptions that reflect different revenue growth expectations, a slightly higher profit margin outlook, and a modestly higher future P/E multiple. What's in the News CNOOC reported operating results for the year ended 31 December 2025, with net production of approximately 2.13 million BOE per day and total net oil and gas production of 777.3 million BOE.883: Higher Dividend Payout And New Leadership Will Support Future Upside
Analysts now place CNOOC's fair value at HK$45.08, compared with the previous HK$27.63, reflecting updated views on revenue growth, profit margins, and future P/E assumptions. What's in the News CNOOC reported operating results for the year ended 31 December 2025, with net production of approximately 2.13 million BOE per day and total net oil and gas production of 777.3 million BOE for the year.New Forecasts: Here's What Analysts Think The Future Holds For CNOOC Limited (HKG:883)
Mar 31
CNOOC Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Mar 30883: Offshore Project Startups And New Discoveries Will Support Balanced Future Returns
Analysts have raised their CNOOC price target from HK$23.52 to HK$27.06, reflecting updated assumptions for revenue growth, profit margins and a higher future P/E multiple. What's in the News CNOOC has scheduled a board meeting on Mar 26, 2026 to approve the annual results for the year ended Dec 31, 2025 and to consider a recommendation on a final dividend (Key Developments).
883: New Offshore Discoveries Will Likely Fail To Justify Current Pricing
Analysts have trimmed their price target on CNOOC by about HK$0.86, citing slightly adjusted assumptions for fair value, discount rate, revenue growth, profit margin and future P/E as they refresh their valuation model. What's in the News CNOOC reported that the Buzios6 Project in Brazil has started production, using an FPSO and subsea system with 13 planned development wells and an FPSO designed to handle 180,000 barrels of crude oil and 7.2 million cubic meters of natural gas per day, plus storage for 2 million barrels (company announcement).883: Offshore Project Ramp Up And New Finds Will Shape Returns
Analysts have trimmed their HK$ fair value estimate for CNOOC from about HK$23.68 to HK$23.52 as slightly lower revenue growth, profit margin and future P/E assumptions feed into a modestly higher discount rate. What's in the News CNOOC reported that the Buzios6 project in Brazil's Santos Basin has started production, using an FPSO and subsea system with 13 planned wells and installed field capacity of 1.15 million barrels per day once fully on-stream (company announcement).883: Offshore Project Ramp Up And Fair Outlook Will Shape Returns
Analysts have raised their price target for CNOOC to US$23.68 from US$22.87, citing updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News CNOOC reported that the Buzios6 project in Brazil has started production, using an FPSO with designed capacity of 180,000 barrels of crude oil per day, 7.2 million cubic meters of natural gas per day and storage of 2 million barrels.883: Future Offshore Projects Will Likely Fail To Support Current Valuation
Analysts have slightly adjusted their price target on CNOOC, trimming fair value from US$15.46 to US$15.40 as they factor in updated assumptions for revenue contraction, profit margins, and a lower forward P/E multiple. What's in the News The Buzios6 Project in Brazil has started production, using an FPSO with a designed capacity of 180,000 barrels of crude oil per day, 7.2 million cubic meters of natural gas per day, and storage of 2 million barrels, with equipment aimed at reducing greenhouse gas emissions and energy consumption (company announcement).883: Offshore Project Startups And Executive Change Will Shape Balanced Outlook
Analysts have nudged their fair value estimate for CNOOC to about $22.87 from roughly $22.46, citing small adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News CNOOC reported that the Buzios6 project in Brazil has started production, using an FPSO with designed capacity of 180,000 barrels of crude oil per day and 7.2 million cubic meters of natural gas per day, plus storage capacity of 2 million barrels, and equipment aimed at reducing greenhouse gas emissions and energy consumption (company announcement).883: Future Offshore Output Will Likely Fail To Justify Current Optimism
Analysts have modestly raised their price target on CNOOC from approximately $15.15 to $15.46, reflecting slightly lower perceived risk and a marginally improved long term revenue outlook despite largely unchanged profitability assumptions. What's in the News The Weizhou 11-4 Oilfield Adjustment and Satellite Fields Development Project in the Beibu Gulf Basin has commenced production, with 35 planned wells and targeted plateau output of about 16,900 barrels of oil equivalent per day in 2026, supporting regional energy supply security (Key Developments).Improved Earnings Required Before CNOOC Limited (HKG:883) Shares Find Their Feet
Dec 04Returns On Capital Are Showing Encouraging Signs At CNOOC (HKG:883)
Sep 30Reserve Investments And Asia-Pacific Demand Will Shape Future Success
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.Reserve Investments And Asia-Pacific Demand Will Shape Future Success
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.CNOOC (HKG:883) Will Pay A Dividend Of CN¥0.73
Aug 29Is CNOOC (HKG:883) A Risky Investment?
Aug 18CNOOC (HKG:883) Shareholders Will Want The ROCE Trajectory To Continue
Jun 26We Take A Look At Why CNOOC Limited's (HKG:883) CEO Compensation Is Well Earned
May 29CNOOC (HKG:883) Will Pay A Dividend Of CN¥0.66
May 16CNOOC Limited Just Beat Revenue By 5.4%: Here's What Analysts Think Will Happen Next
May 03
New Discoveries Like Lingshui 36-1 May Strengthen Operations, But Risks Could Affect Future Results
Strategic focus on cost control and technological advancements are set to enhance net margins and profitability through operational efficiencies and cost reductions.Shareholder Returns
| 883 | HK Oil and Gas | HK Market | |
|---|---|---|---|
| 7D | 6.2% | 9.2% | 0.3% |
| 1Y | 75.3% | 75.4% | 23.3% |
Return vs Industry: 883 matched the Hong Kong Oil and Gas industry which returned 75.4% over the past year.
Return vs Market: 883 exceeded the Hong Kong Market which returned 23.3% over the past year.
Price Volatility
| 883 volatility | |
|---|---|
| 883 Average Weekly Movement | 5.3% |
| Oil and Gas Industry Average Movement | 8.3% |
| Market Average Movement | 7.1% |
| 10% most volatile stocks in HK Market | 14.8% |
| 10% least volatile stocks in HK Market | 3.5% |
Stable Share Price: 883 has not had significant price volatility in the past 3 months compared to the Hong Kong market.
Volatility Over Time: 883's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1999 | 22,045 | Yongzhang Huang | www.cnoocltd.com |
CNOOC Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas in worldwide. The company produces offshore crude oil and natural gas primarily in Bohai Sea, the Western South China Sea, the Eastern South China Sea, and the East China Sea in China. It also holds interests in various oil and gas assets in Asia, Africa, North America, South America, Oceania, and Europe.
CNOOC Limited Fundamentals Summary
| 883 fundamental statistics | |
|---|---|
| Market cap | HK$1.45t |
| Earnings (TTM) | HK$142.80b |
| Revenue (TTM) | HK$466.73b |
9.8x
P/E Ratio3.0x
P/S RatioIs 883 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 883 income statement (TTM) | |
|---|---|
| Revenue | CN¥407.45b |
| Cost of Revenue | CN¥96.13b |
| Gross Profit | CN¥311.31b |
| Other Expenses | CN¥186.65b |
| Earnings | CN¥124.66b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.62 |
| Gross Margin | 76.41% |
| Net Profit Margin | 30.60% |
| Debt/Equity Ratio | 7.3% |
How did 883 perform over the long term?
See historical performance and comparisonDividends
4.3%
Current Dividend Yield44%
Payout RatioDoes 883 pay a reliable dividends?
See 883 dividend history and benchmarks| CNOOC dividend dates | |
|---|---|
| Ex Dividend Date | Jun 11 2026 |
| Dividend Pay Date | Jul 10 2026 |
| Days until Ex dividend | 42 days |
| Days until Dividend pay date | 71 days |
Does 883 pay a reliable dividends?
See 883 dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/30 09:32 |
| End of Day Share Price | 2026/04/30 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
CNOOC Limited is covered by 46 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Scott Lee Darling | Barclays |
| NEIL BEVERIDGE | Bernstein |
| Xiaohui Lau | CCB International Securities Limited |