Business description: CNOOC Limited

CNOOC Ltd is an investment holding company principally engaged in exploration, development, production and sale of crude oil and natural gas. The Company operates its businesses through three segments. Exploration and Production (E&P) segment is mainly engaged in the exploration and production of conventional oil and gas, shale oil and gas, oil sands and other unconventional oil and gas. Trading Business segment is mainly involved in import and export and crude and gas. Corporate segment is mainly involved in technology development, asset management, product sales and other businesses. The Company conducts its businesses in the domestic market and overseas markets, including Asia, Africa, North America, South America, Oceania and Europe.

Number of employees: 22,045

Sales by Activity: CNOOC Limited

Fiscal Period: December 2021 (CNY) 2022 (CNY) 2023 (CNY) 2024 (CNY) 2025 (CNY)

Exploration and Production (E&P)

23TCr 36TCr 34TCr 36TCr 34TCr

Trading Business

1.81TCr 6.05TCr 7.93TCr 5.53TCr 5.38TCr

Corporate

71Cr 128.7Cr 70Cr 140.4Cr 161.2Cr

Eliminations

-17Cr -86Cr -240Cr 168.7Cr -142.7Cr

Geographical breakdown of sales: CNOOC Limited

Fiscal Period: December 2021 (CNY) 2022 (CNY) 2023 (CNY) 2024 (CNY) 2025 (CNY)

People's Republic of China (PRC)

17TCr 27TCr 26TCr 27TCr 25TCr

Overseas

7.38TCr 15TCr 16TCr 15TCr 14TCr

Executive Committee: CNOOC Limited

Manager TitleAgeSince
Chief Executive Officer 60 20/03/2026
Director of Finance/CFO 52 22/01/2025
Chief Tech/Sci/R&D Officer 55 27/10/2022
Compliance Officer 57 01/05/2021
President 56 27/11/2024

Composition of the Board of Directors: CNOOC Limited

Director TitleAgeSince
Director/Board Member 71 07/05/2019
Director/Board Member 69 30/09/2022
Director/Board Member 64 31/05/2023
Director/Board Member 60 27/11/2024
Chairman 58 08/07/2025
Director/Board Member 60 20/03/2026

Shareholders: CNOOC Limited

NameStocks%Valuation
China State-Owned Assets Supervision & Admn Commission
66.01 %
29,40,16,36,023 66.01 % 99 038 M $
Sinopec International Energy Investment Co. Ltd.
0.4158 %
18,51,85,185 0.4158 % 624 M $
Da Cheng Fund Management Co., Ltd.
0.1803 %
8,03,23,997 0.1803 % 271 M $
ICBC UBS Asset Management Co. Ltd.
0.151 %
6,72,36,328 0.151 % 226 M $
Zhong Ou Asset Management Co., Ltd
0.1284 %
5,71,73,000 0.1284 % 193 M $
NameStocks%Valuation
Huatai-PineBridge Fund Management Co., Ltd.
2.666 %
7,57,58,055 2.666 % 385 M $
China Asset Management Co., Ltd.
2.253 %
6,40,36,912 2.253 % 325 M $
Da Cheng Fund Management Co., Ltd.
1.734 %
4,92,90,773 1.734 % 251 M $
Essence Fund Co., Ltd.
0.632 %
1,79,60,064 0.632 % 91 M $
Zhong Ou Asset Management Co., Ltd
0.5882 %
1,67,15,088 0.5882 % 85 M $

Company details: CNOOC Limited

CNOOC Ltd.

Bank of China Tower

999077, Hong Kong

+852 2213 2500

http://www.cnoocltd.com
address CNOOC Limited(883)

Group companies: CNOOC Limited

NameCategory and Sector
Wholesale Distributors
Finance/Rental/Leasing
Finance/Rental/Leasing
Oil & Gas Production
Finance/Rental/Leasing

Integrated Oil & Gas

Change 5-day change 1-year change 3-year change Capi.($)
-3.14%-14.46%+22.40%+103.20% 15TCr
-0.60%-2.06%+5.14%-18.15% 1,72500Cr
-1.40%-4.92%+21.61%+12.92% 36TCr
-0.61%-4.61%+31.84%+67.76% 26TCr
-1.08%-4.63%+15.60%+29.92% 23TCr
-1.15%-5.57%+32.45%+34.22% 19TCr
-6.32%-7.39%+17.09%+26.79% 10TCr
-0.28%-6.73%+18.32%+0.70% 8.51TCr
-0.82%-5.60%+56.00%+68.21% 7.51TCr
+0.61%+2.61%+103.70%+230.83% 4.1TCr
Average -1.33%-4.54%+32.41%+55.64% 32.17TCr
Weighted average by Cap. -0.88%-3.05%+15.48%+11.58%
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
16
Last Close Price
19.70CNY
Average target price
28.79CNY
Spread / Average Target
+46.12%

Quarterly revenue - Rate of surprise

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