CNOOC Limited

SZSC:883 Stock Report

Market Cap: HK$884.5b

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 26% 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 Growth28.1%
Revenue growth rate20.5%
Return on equity19.9%
Net Margin32.8%
Last Earnings Update30 Sep 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

SZSC:883 Revenue, expenses and earnings (CNY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24435,816142,85725,00333
30 Jun 24451,315139,81325,0965
31 Mar 24430,366131,44925,054-15
31 Dec 23416,609123,84324,7420
30 Sep 23417,902130,57725,325377
30 Jun 23411,939133,57425,037283
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

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 -0.9%.

Return on Equity

High ROE: 883's Return on Equity (19.9%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 11:43
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

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 .

Analyst Sources

CNOOC Limited is covered by 59 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Scott Lee DarlingBarclays
Yong Liang PorBNP Paribas Securities (Asia)
Cho Ming LauBOCI Research Ltd.