CNOOC Future Growth

Future criteria checks 0/6

CNOOC's earnings are forecast to decline at 1.3% per annum while its annual revenue is expected to grow at 0.6% per year. EPS is expected to decline by 1% per annum. Return on equity is forecast to be 14.7% in 3 years.

Key information

-1.3%

Earnings growth rate

-1.0%

EPS growth rate

Oil and Gas earnings growth	-0.3%
Revenue growth rate	0.6%
Future return on equity	14.7%
Analyst coverage	Good
Last updated	27 Aug 2024

Recent future growth updates

Recent updates

The Market Doesn't Like What It Sees From CNOOC Limited's (HKG:883) Earnings Yet

Mar 19

Returns On Capital Are A Standout For CNOOC (HKG:883)

Mar 01

We Think CNOOC (HKG:883) Can Stay On Top Of Its Debt

Jan 05

Calculating The Intrinsic Value Of CNOOC Limited (HKG:883)

Dec 18

Here's What To Make Of CNOOC's (HKG:883) Returns On Capital

Feb 23

Earnings and Revenue Growth Forecasts

SEHK:883 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	455,454	144,678	87,133	229,647	12
12/31/2025	450,764	146,792	105,271	233,852	16
12/31/2024	435,278	143,102	89,800	218,371	16
3/31/2024	430,366	131,449	92,453	217,753	N/A
12/31/2023	416,609	123,843	88,868	209,743	N/A
9/30/2023	417,902	130,577	82,857	197,727	N/A
6/30/2023	411,939	133,574	90,789	202,965	N/A
3/31/2023	429,043	139,512	114,496	218,126	N/A
12/31/2022	422,230	141,700	110,820	205,574	N/A
9/30/2022	383,401	126,251	124,901	210,143	N/A
6/30/2022	338,233	108,878	102,927	185,961	N/A
3/31/2022	284,623	89,815	80,166	163,279	N/A
12/31/2021	246,111	70,320	65,456	147,893	N/A
9/30/2021	214,261	60,124	33,047	128,705	N/A
6/30/2021	191,045	47,902	5,659	112,284	N/A
3/31/2021	170,478	34,571	-699	89,262	N/A
12/31/2020	155,372	24,956	6,920	82,338	N/A
9/30/2020	176,912	33,048	17,230	90,946	N/A
6/30/2020	198,452	41,140	27,539	99,553	N/A
3/31/2020	215,826	51,093	39,523	111,537	N/A
12/31/2019	233,199	61,045	51,507	123,521	N/A
9/30/2019	232,284	59,266	62,207	123,847	N/A
6/30/2019	231,369	57,486	72,907	124,173	N/A
3/31/2019	229,540	55,081	73,020	124,286	N/A
12/31/2018	227,711	52,675	73,132	124,398	N/A
9/30/2018	213,697	43,290	64,846	114,346	N/A
6/30/2018	199,683	33,904	56,559	104,293	N/A
3/31/2018	193,040	29,291	51,780	99,514	N/A
12/31/2017	186,396	24,677	N/A	94,734	N/A
9/30/2017	178,987	24,650	N/A	91,959	N/A
6/30/2017	171,578	24,622	N/A	89,184	N/A
3/31/2017	158,813	12,630	N/A	81,024	N/A
12/31/2016	146,048	637	N/A	72,863	N/A
9/30/2016	147,443	-792	N/A	76,444	N/A
6/30/2016	148,838	-2,222	N/A	80,025	N/A
3/31/2016	160,217	9,012	N/A	80,060	N/A
12/31/2015	171,595	20,246	N/A	80,095	N/A
9/30/2015	197,763	30,793	N/A	83,685	N/A
6/30/2015	223,931	41,339	N/A	87,275	N/A
3/31/2015	248,537	50,769	N/A	98,892	N/A
12/31/2014	273,142	60,199	N/A	110,508	N/A
9/30/2014	279,881	57,935	N/A	112,313	N/A
6/30/2014	285,258	55,671	N/A	114,118	N/A
3/31/2014	285,372	56,066	N/A	112,505	N/A
12/31/2013	286,166	56,461	N/A	110,891	N/A
9/30/2013	276,741	61,333	N/A	109,914	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 883's earnings are forecast to decline over the next 3 years (-1.3% per year).

Earnings vs Market: 883's earnings are forecast to decline over the next 3 years (-1.3% per year).

High Growth Earnings: 883's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 883's revenue (0.6% per year) is forecast to grow slower than the Hong Kong market (7.3% per year).

High Growth Revenue: 883's revenue (0.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 883's Return on Equity is forecast to be low in 3 years time (14.7%).

CNOOC Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

CNOOC Limited Provides Production Guidance for the Year 2023, 2024, 2025 and 2026

CNOOC Limited Provides Earnings Guidance for the Year Ended 31 December 2022

CNOOC Limited Provides Financial Guidance for the Period from 1 January 2022 to 30 September 2022

CNOOC Limited Provides Earnings Guidance for the First Half Ended June 30, 2022

CNOOC Limited Provides Production Guidance for the Year 2022, 2023 and 2024

Recent updates

Returns On Capital Are Showing Encouraging Signs At CNOOC (HKG:883)

Now 20% undervalued

CNOOC Limited Made Major Exploration Breakthrough in Bohai Bay

CNOOC LimitedAnnounces First Ultra-Deep Well in Bohai Bay Outperforms Target

Cnooc Limited Brings On-Stream the First Green Design Oilfield in Offshore China

Calculating The Fair Value Of CNOOC Limited (HKG:883)

CNOOC Limited to Report First Half, 2024 Results on Aug 29, 2024

CNOOC Limited Announces Enping 21-4 Oilfield Development Project Commences Production

Now 20% undervalued

CNOOC (HKG:883) Is Due To Pay A Dividend Of CN¥0.66

CNOOC Limited Announces Major Discovery in Western South China Sea

Upcoming dividend of HK$0.66 per share

Now 21% undervalued

CNOOC's (HKG:883) Dividend Will Be CN¥0.66

CNOOC (HKG:883) Has Announced A Dividend Of CN¥0.66

Dividend of HK$0.66 announced

CNOOC Limited, Annual General Meeting, Jun 07, 2024

CNOOC Limited Appoints Zhou Xinhuai as Vice Chairman

First quarter 2024 earnings released: EPS: CN¥0.84 (vs CN¥0.68 in 1Q 2023)

Is CNOOC (HKG:883) A Risky Investment?

CNOOC Limited to Report Q1, 2024 Results on Apr 26, 2024

Full year 2023 earnings: Revenues exceed analyst expectations

CNOOC Limited Proposes Final Dividend for Year 31 December 2023

CNOOC Limited Announces a Hundred-Million-Ton Oilfield Discovery of Qinhuangdao 27-3 in Bohai Sea

The Market Doesn't Like What It Sees From CNOOC Limited's (HKG:883) Earnings Yet

Now 22% undervalued

CNOOC Limited Announces A Hundred-Million-Ton Oilfield Discovery of Kaiping South in South China Sea

Returns On Capital Are A Standout For CNOOC (HKG:883)

CNOOC Limited Announces Resignation of Xu Keqiang as Non-Executive Director

CNOOC Limited Provides Production Guidance for the Year 2023, 2024, 2025 and 2026

We Think CNOOC (HKG:883) Can Stay On Top Of Its Debt

CNOOC Limited Announces Mero2 Project Commences Production

CNOOC Limited to Report Fiscal Year 2023 Results on Mar 22, 2024

CNOOC Limited Announces Resignation of Li Yong as Non-Executive Director and the Vice Chairman of the Board, Member of the Remuneration Committee and the Strategy and Sustainability Committee

Calculating The Intrinsic Value Of CNOOC Limited (HKG:883)

CNOOC Limited Announces Payara Project in Guyana Commences Production

Cnooc Limited Announces Bozhong 19-6 Condensate Gas Field Phase I Development Project Commences Production

CNOOC Limited Announces Enping 18-6 Oilfield Development Project Commences Production

CNOOC Limited Discovers Deep Coalbed Methane Field with Proved Gas In-place of over 100 Billion Cubic Meters

CNOOC Limited Announces Lufeng 12-3 Oilfield Development Project Commences Production

CNOOC Limited Announces Interim Dividend for the First Half Ended 30 June 2023, Payable on 18 October 2023

CNOOC Limited Announces Board Changes

CNOOC Limited to Report First Half, 2023 Results on Aug 18, 2023

CNOOC Limited Announces China's First Offshore CCS Demonstration Project Commissioned

CNOOC Limited, Annual General Meeting, May 31, 2023

CNOOC Limited Provides Earnings Guidance for the Year Ended 31 December 2022

CNOOC Limited Announces Kenli 6-1 Oilfield 5-1, 5-2, 6-1 Block Development Project Commences Production

CNOOC Limited (SEHK:883) agreed to acquire 40% stake in Wind Power Firm for CNY 1.5 billion.

CNOOC Limited Announces Executive Changes

CNOOC Limited Announces Enping 15-1/10-2/15-2/20-4 Oilfields Joint Development Project Commences Production

CNOOC Limited Announces Jinzhou 31-1 Gas Field Development Project Commenced Production

CNOOC Limited Announces MDA Gas Field of 3M Project in Indonesia Commenced Production

CNOOC Limited Announces the First "Deep-Deep" Large Gas Field Baodao 21-1 with Proved Gas In-place of over 50 Billion Cubic Meters

CNOOC Limited to Report Nine Months, 2022 Results on Oct 27, 2022

CNOOC Limited Provides Financial Guidance for the Period from 1 January 2022 to 30 September 2022

CNOOC Limited Appoints Lin Boqiang as Independent Non- Executive Director

CNOOC Limited Announces Kenli 6-1 Oilfield 10-1 North Block Development Project Commenced Production

CNOOC Limited Announces Establishment of Strategy and Sustainability Committee

CNOOC Limited to Report First Half, 2022 Results on Aug 25, 2022

CNOOC Limited Provides Earnings Guidance for the First Half Ended June 30, 2022

CNOOC Limited, Annual General Meeting, May 26, 2022

CNOOC Limited Announces 2 Projects Commenced Production

Chinese Energy Firms Reportedly in Pipeline to Buy Shell's Russian Gas Stake

CNOOC Limited has completed a Follow-on Equity Offering in the amount of CNY 28.08 billion.

CNOOC Limited has completed a Follow-on Equity Offering in the amount of CNY 28.08 billion.

CNOOC Limited to Report Q1, 2022 Results on Apr 28, 2022

CNOOC Limited Provides Dividend Guidance from 2022 to 2024

CNOOC Limited Announces Weizhou 12-8E Oilfield Development Project Commenced Production

CNOOC Reportedly Plans North Sea Oil Exit in Strategic Shift

CNOOC Limited Announces Liza Phase II Commences Production