CNOOC Past Earnings Performance

Past criteria checks 2/6

CNOOC has been growing earnings at an average annual rate of 26.8%, while the Oil and Gas industry saw earnings growing at 26.8% annually. Revenues have been growing at an average rate of 18.9% per year. CNOOC's return on equity is 18.6%, and it has net margins of 30.5%.

Key information

26.8%

Earnings growth rate

25.2%

EPS growth rate

Oil and Gas Industry Growth28.1%
Revenue growth rate18.9%
Return on equity18.6%
Net Margin30.5%
Last Earnings Update31 Mar 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

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


Earnings and Revenue History

SHSC:883 Revenue, expenses and earnings (CNY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 24430,366131,44925,054-15
31 Dec 23416,609123,84324,7420
30 Sep 23417,902130,57725,322377
30 Jun 23411,939133,57425,034283
31 Mar 23429,043139,51224,705126
31 Dec 22422,230141,70024,5150
30 Sep 22383,401126,25121,790-170
30 Jun 22338,233108,87821,413-140
31 Mar 22284,62389,81521,02455
31 Dec 21246,11170,32020,6570
30 Sep 21214,26160,1248,791982
30 Jun 21191,04547,90210,180615
31 Mar 21170,47834,57111,504170
31 Dec 20155,37224,95613,0490
30 Sep 20176,91233,04815,1390
30 Jun 20198,45241,14017,2280
31 Mar 20215,82651,09318,8450
31 Dec 19233,19961,04520,4610
30 Sep 19232,28459,26619,9220
30 Jun 19231,36957,48619,3820
31 Mar 19229,54055,08117,2800
31 Dec 18227,71152,67515,1770
30 Sep 18213,69743,29014,3330
30 Jun 18199,68333,90413,4880
31 Mar 18193,04029,29113,7210
31 Dec 17186,39624,67713,9540
30 Sep 17178,98724,65014,0260
30 Jun 17171,57824,62214,0980
31 Mar 17158,81312,63014,2830
31 Dec 16146,04863714,4680
30 Sep 16147,443-79214,8720
30 Jun 16148,838-2,22214,3540
31 Mar 16160,2179,01214,7510
31 Dec 15171,59520,24615,6090
30 Sep 15197,76330,79316,0420
30 Jun 15223,93141,33916,9970
31 Mar 15248,53750,76917,5680
31 Dec 14273,14260,19918,1070
30 Sep 14279,88157,93521,3500
30 Jun 14285,25855,67125,5090
31 Mar 14285,37256,06625,2440
31 Dec 13286,16656,46124,5050
30 Sep 13276,74161,33319,6030
30 Jun 13267,99666,20514,2260

Quality Earnings: 883 has high quality earnings.

Growing Profit Margin: 883's current net profit margins (30.5%) are lower than last year (32.5%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: 883's earnings have grown significantly by 26.8% per year over the past 5 years.

Accelerating Growth: 883's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 883 had negative earnings growth (-5.8%) over the past year, making it difficult to compare to the Oil and Gas industry average (-6.8%).


Return on Equity

High ROE: 883's Return on Equity (18.6%) is considered low.


Return on Assets


Return on Capital Employed


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