883 On Other Exchanges
Symbol
Exchange
883 is not on other exchanges.

cnooc ltd (883) Snapshot

Open
--
Previous Close
--
Day High
--
Day Low
--
52 Week High
-- - --
52 Week Low
-- - --
Market Cap
--
Average Volume 10 Days
--
EPS TTM
--
Shares Outstanding
--
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CNOOC LTD (883)
\

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.

18,802 Employees
Last Reported Date: 04/12/18
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 Announces Audited Consolidated Earnings and Operating Results for the Year Ended December 31, 2017

CNOOC Limited announced audited consolidated earnings and operating results for the year ended December 31, 2017. For the year, the company reported revenue of RMB 186,390 million against RMB 146,490 million a year ago. Profit from operating activities was RMB 37,050 million against loss of RMB 2,412 million a year ago. Profit before tax was RMB 36,357 million against loss of RMB 5,275 million a year ago. Profit for the year attributable to owners of the parent was RMB 24,677 million against RMB 637 million a year ago. Basic and diluted earnings per share were RMB 0.55 against RMB 0.01 a year ago. Net cash flows from operating activities was RMB 94,734 million compared to RMB 72,863 million a year ago. Capital expenditure was RMB 47,734 million compared to RMB 51,347 million a year ago. For the year, the company's net production of crude and liquids (barrels/day) was 1,042,842 compared to 1,060,509 a year ago. Net production of natural gas (mmcf/day) was 1,154.2 compared to 1,121.2 a year ago. Total net production (BOE/day) was 1,240,773 compared to 1,253,643 a year ago. Total production (BOE/day) was 1,288,128 compared to 1,302,922 a year ago.

CNOOC Limited Announces Consolidated Earnings Results for the Year Ended December 31, 2017 and Production Results for the Year Ended December 31, 2017

CNOOC Limited announced consolidated earnings results for the year ended December 31, 2017 and production results for the year ended December 31, 2017. For the year, the company's average realized oil price was USD 52.65 per barrel, representing an increase of 27.2% year-over-year. The average realized natural gas price was USD 5.84 per thousand cubic feet, representing an increase of 7.0% year-over-year. In addition, the company's oil and gas sales revenue was RMB 151.9 billion, representing an increase of 25.2% year-over-year. In 2017, the company realized a net production of 470.2 million BOE, representing a decrease of 1.4% over the previous year, which exceeded the annual production target. In terms of exploration, the company made breakthroughs domestically and overseas, consolidating its resources base for sustainable development. New project construction progressed smoothly. All five new projects planned for 2017 have commenced production. HSE maintained a stable performance. Sales volume was 452.4 million BOE against 458.3 million BOE a year ago. For the year, the company reported revenue of RMB 186,390 million against RMB 146,490 million a year ago. Profit from operating activities was RMB 37,050 million against loss of RMB 2,412 million a year ago. Profit before tax was RMB 36,357 million against loss of RMB 5,275 million a year ago. Profit for the year attributable to owners of the parent was RMB 24,677 million against RMB 637 million a year ago. Basic and diluted earnings per share were RMB 0.55 against RMB 0.01 a year ago. Consolidated net profit increased significantly in 2017 from 2016, primarily as a result of the increase in profitability due to higher international oil price environment, as well as the combined effects of increased reserve and reduced costs as a result of adoption of efficient measures by the company. The cash inflow from operating activities increased 30.0% to RMB 94,734 million in 2017 from RMB 72,863 million in 2016, primarily attributable to the increase in oil and gas sales cash inflows caused by the increase in international oil price partially offset by the increase in the income tax expense for the current period. In 2017, capital expenditure payment (excluding acquisition) decreased 7.0% to RMB 47,734 million from 2016. Development expenditures in 2017 were primarily related to the capital expenditure of OML130 project, deep-water Gulf of Mexico and shale oil and gas in U.S., as well as the expenses incurred for improving recovery factors of the oil and gas fields in production. The company had no significant expenditure incurred for acquisition during the year.

CNOOC Limited Proposes Year-End Dividend for the Year Ended December 31, 2017, Payable on 10 July 2018

The Board of Directors of CNOOC Limited has proposed a year-end dividend of HKD 0.30 per share (tax inclusive) for the year ended December 31, 2017, payable on 10 July 2018 to all shareholders on the register of members of the company on 15 June 2018 subject to shareholders approval.

 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

883 Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for 883.
View Industry Companies
 

Industry Analysis

883

Industry Average

Valuation 883 Industry Range
Price/Earnings 19.4x
Price/Sales 2.6x
Price/Book 1.3x
Price/Cash Flow 5.1x
TEV/Sales 1.3x
 | 

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact CNOOC LTD, please visit www.cnoocltd.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.