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cnooc ltd (883) Snapshot

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cnooc ltd (883) Details

CNOOC Limited, an investment holding company, explores for, develops, produces, and sells crude oil, natural gas, and other petroleum products. The company operates through Exploration and Production, and Trading Business. It produces offshore crude oil and natural gas primarily in Bohai, Western South China Sea, Eastern South China Sea, and East China Sea in offshore China; and Asia, Africa, North America, South America, Oceania, and Europe. As of December 31, 2016, the company had net proved reserves of approximately 3.9 billion barrels-of-oil equivalent. It is also involved in the issuance of bonds. The company was incorporated in 1999 and is based in Central, Hong Kong. CNOOC Limited is considered a Red Chip company due to its listing on the Hong Kong Stock Exchange. CNOOC Limited is a subsidiary of China National Offshore Oil Corporation.

19,718 Employees
Last Reported Date: 04/24/17
Founded in 1999

cnooc ltd (883) Top Compensated Officers

Chief Executive Officer & Executive Director
Total Annual Compensation: CNY172.0K
Compensation as of Fiscal Year 2016.
cnooc ltd
CNOOC Limited Reports Unaudited Earnings and Production Results for the First Quarter 2017

CNOOC Limited reported unaudited earnings and production results for the first quarter 2017. For the first quarter, the company achieved total net production of 119.1 million barrels of oil equivalent, representing a decrease of 4.2% year-on-year, mainly due to the natural decline of the producing oil and gas fields. For the first quarter of the year, the unaudited oil and gas sales revenue of the company reached approximately RMB 38.39 billion, representing an increase of 55.8% year-on-year, mainly attributable to the significant rebound in international oil prices. During the period, the company's average realized oil price increased by 58.7% year-on-year to USD 51.64 per barrel, which was on par with the trend of the international oil prices, while the average realized gas price was USD 6 per thousand cubic feet, up 5.4% year-on-year. For the first quarter, the company's capital expenditure amounted to approximately RMB 8.67 billion, representing a decrease of 10.6% year-on-year, mainly due to the year-on-year decrease in investment on development according to the work schedule arrangement.

CNOOC Limited Recommends Final Dividend for the Year Ended 31 December 2016, Payable on 18 July 2017

The Board of CNOOC Limited recommended a payment of a final dividend of HKD 0.23 (tax inclusive) per share for the year ended 31 December 2016, payable on 18 July 2017 to all shareholders on the register of members of the company on 16 June 2017 subject to shareholders’ approval.

CNOOC Limited, Annual General Meeting, May 26, 2017

CNOOC Limited, Annual General Meeting, May 26, 2017, at 15:30 China Standard Time. Location: Island Shangri-La Hotel Hong Kong, Pacific Place, Supreme Court Road, Central Hong Kong Hong Kong Agenda: To receive and consider the audited financial statements together with the report of the directors and independent auditors' report thereon for the year ended 31 December 2016; to declare a final dividend for the year ended 31 December 2016; to consider board changes; to authorise the Board to fix the remuneration of each of the Directors; to re-appoint Deloitte Touche Tohmatsu as the independent auditors of the company and its subsidiaries, and to authorize the Board to fix the remuneration of the independent auditors; to consider as special business, to consider and, if thought fit, pass with or without amendments; and to consider others.


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Valuation 883 Industry Range
Price/Earnings 100.0x
Price/Sales 2.3x
Price/Book 0.9x
Price/Cash Flow 4.2x
TEV/Sales 0.7x

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