CNOOC Past Earnings Performance
Past criteria checks 3/6
CNOOC has been growing earnings at an average annual rate of 27.5%, while the Oil and Gas industry saw earnings growing at 33.9% 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 | 27.8% |
| 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
Revenue & Expenses Breakdown
How CNOOC makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| 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 N has high quality earnings.
Growing Profit Margin: 883 N'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 N's earnings have grown significantly by 27.5% per year over the past 5 years.
Accelerating Growth: 883 N's earnings growth over the past year (9.4%) is below its 5-year average (27.5% per year).
Earnings vs Industry: 883 N earnings growth over the past year (9.4%) did not outperform the Oil and Gas industry 22.5%.
Return on Equity
High ROE: 883 N's Return on Equity (19.9%) is considered low.