How Investors Are Reacting To CNOOC (SEHK:883) Lower Revenue and Net Income for 2025

• CNOOC Limited recently reported earnings for the nine months ended September 30, 2025, with revenue of CNY 312.50 billion and net income of CNY 101.97 billion, both lower than the previous year's results for the same period.
• This marks a continued trend of year-over-year declines in both sales and net income, alongside reduced basic and diluted earnings per share from continuing operations.
• We'll explore how these lower earnings and revenue figures may impact CNOOC's outlook and long-term investment narrative.

This technology could replace computers: discover 28 stocks that are working to make quantum computing a reality.

CNOOC Investment Narrative Recap

To be a shareholder in CNOOC, you need to believe in the company's ability to sustain attractive returns through low-cost oil and gas production and steady project ramp-ups, even as global energy markets change. While the recent earnings decline reflects softer oil and gas prices, it does not materially impact the short-term catalyst of bringing new production online, though it does put a spotlight on the ongoing risk of price pressure and margin erosion. One of the most relevant recent announcements is the start of production at the Yellowtail Project in Guyana, which is expected to meaningfully increase output. This addition builds on CNOOC's core strength in rapid project delivery and could help support cash flows if commodity prices remain subdued. However, with net margins and earnings per share now trending lower, investors should keep in mind that... In contrast, any sustained decline in global prices or increased competition could quickly affect CNOOC’s revenue base, something all investors should be aware of.

Read the full narrative on CNOOC (it's free!)

CNOOC's outlook anticipates CN¥418.9 billion in revenue and CN¥134.5 billion in earnings by 2028. This relies on a 1.4% annual revenue growth rate and a CN¥6.8 billion earnings increase from current earnings of CN¥127.7 billion.

Uncover how CNOOC's forecasts yield a HK$22.46 fair value, a 8% upside to its current price.

Exploring Other Perspectives

Simply Wall St Community members provided five fair value estimates for CNOOC, ranging from HK$7 to HK$64.55 per share. Views on growth and earnings reveal just how differently people are weighing risks like weaker net margins and the company’s ongoing project expansions, inviting you to consider the full spectrum of opinions on CNOOC’s prospects.

Explore 5 other fair value estimates on CNOOC - why the stock might be worth less than half the current price!

Build Your Own CNOOC Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your CNOOC research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.
• Our free CNOOC research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate CNOOC's overall financial health at a glance.

Curious About Other Options?

Don't miss your shot at the next 10-bagger. Our latest stock picks just dropped:

• We've found 17 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.
• Trump's oil boom is here - pipelines are primed to profit. Discover the 22 US stocks riding the wave.
• The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 25 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com