CNOOC Past Earnings Performance

Past criteria checks 4/6

CNOOC has been growing earnings at an average annual rate of 27.5%, while the Oil and Gas industry saw earnings growing at 23.7% annually. Revenues have been growing at an average rate of 20.5% per year. CNOOC's return on equity is 19.9%, and it has net margins of 32.8%.

Key information

27.5%

Earnings growth rate

25.9%

EPS growth rate

Oil and Gas Industry Growth	28.1%
Revenue growth rate	20.5%
Return on equity	19.9%
Net Margin	32.8%
Last Earnings Update	30 Sep 2024

Recent past performance 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

Revenue & Expenses Breakdown

How CNOOC makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SEHK:883 Revenue, expenses and earnings (CNY Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
30 Sep 24	435,816	142,857	25,003	33
30 Jun 24	451,315	139,813	25,096	5
31 Mar 24	430,366	131,449	25,054	-15
31 Dec 23	416,609	123,843	24,742	0
30 Sep 23	417,902	130,577	25,325	377
30 Jun 23	411,939	133,574	25,037	283
31 Mar 23	429,043	139,512	24,705	126
31 Dec 22	422,230	141,700	24,515	0
30 Sep 22	383,401	126,251	21,790	-170
30 Jun 22	338,233	108,878	21,413	-140
31 Mar 22	284,623	89,815	21,024	55
31 Dec 21	246,111	70,320	20,657	0
30 Sep 21	214,261	60,124	8,791	982
30 Jun 21	191,045	47,902	10,180	615
31 Mar 21	170,478	34,571	11,504	170
31 Dec 20	155,372	24,956	13,049	0
30 Sep 20	176,912	33,048	15,139	0
30 Jun 20	198,452	41,140	17,228	0
31 Mar 20	215,826	51,093	18,845	0
31 Dec 19	233,199	61,045	20,461	0
30 Sep 19	232,284	59,266	19,922	0
30 Jun 19	231,369	57,486	19,382	0
31 Mar 19	229,540	55,081	17,280	0
31 Dec 18	227,711	52,675	15,177	0
30 Sep 18	213,697	43,290	14,333	0
30 Jun 18	199,683	33,904	13,488	0
31 Mar 18	193,040	29,291	13,721	0
31 Dec 17	186,396	24,677	13,954	0
30 Sep 17	178,987	24,650	14,026	0
30 Jun 17	171,578	24,622	14,098	0
31 Mar 17	158,813	12,630	14,283	0
31 Dec 16	146,048	637	14,468	0
30 Sep 16	147,443	-792	14,872	0
30 Jun 16	148,838	-2,222	14,354	0
31 Mar 16	160,217	9,012	14,751	0
31 Dec 15	171,595	20,246	15,609	0
30 Sep 15	197,763	30,793	16,042	0
30 Jun 15	223,931	41,339	16,997	0
31 Mar 15	248,537	50,769	17,568	0
31 Dec 14	273,142	60,199	18,107	0
30 Sep 14	279,881	57,935	21,350	0
30 Jun 14	285,258	55,671	25,509	0
31 Mar 14	285,372	56,066	25,244	0
31 Dec 13	286,166	56,461	24,505	0

Quality Earnings: 883 has high quality earnings.

Growing Profit Margin: 883's current net profit margins (32.8%) are higher than last year (31.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 883's earnings have grown significantly by 27.5% per year over the past 5 years.

Accelerating Growth: 883's earnings growth over the past year (9.4%) is below its 5-year average (27.5% per year).

Earnings vs Industry: 883 earnings growth over the past year (9.4%) exceeded the Oil and Gas industry -2.7%.

CNOOC Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

Third quarter 2024 earnings released: EPS: CN¥0.77 (vs CN¥0.71 in 3Q 2023)

CNOOC Limited to Report Q3, 2024 Results on Oct 24, 2024

Second quarter 2024 earnings released: EPS: CN¥0.84 (vs CN¥0.66 in 2Q 2023)

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

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

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

Recent updates

CNOOC Limited Just Recorded A 15% Revenue Beat: Here's What Analysts Think

Third quarter 2024 earnings released: EPS: CN¥0.77 (vs CN¥0.71 in 3Q 2023)

Should You Be Adding CNOOC (HKG:883) To Your Watchlist Today?

Investor sentiment improves as stock rises 16%

Is CNOOC (HKG:883) A Risky Investment?

CNOOC Limited to Report Q3, 2024 Results on Oct 24, 2024

CNOOC Limited Brings On-stream Shenhai-1 Phase II Natural Gas Development Project

Benign Growth For CNOOC Limited (HKG:883) Underpins Its Share Price

First half dividend of HK$0.74 announced

Second quarter 2024 earnings released: EPS: CN¥0.84 (vs CN¥0.66 in 2Q 2023)

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