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CNOOC Limited

CEO
$121.76
+0.00%
N/A+$0.00
Energy
Oil & Gas Exploration & Production
NYSE
Inactive

CNOOC Limited operates as an investment holding enterprise, primarily engaged in the exploration, development, extraction, and commercialization of crude oil and natural ...

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Company Overview

CNOOC Limited (NYSE: CEO) is a premier offshore oil and gas exploration and production (E&P) company, operating as the overseas listed arm of the China National Offshore Oil Corporation. Headquartered in Hong Kong, the company specializes in the exploration, development, production, and sale of crude oil and natural gas. With ...CNOOC Limited (NYSE: CEO) is a premier offshore oil and gas exploration and production (E&P) company, operating as the overseas listed arm of the China National Offshore Oil Corporation. Headquartered in Hong Kong, the company specializes in the exploration, development, production, and sale of crude oil and natural gas. With a massive operational footprint, its assets span across China, Guyana, Brazil, the United States, and various international waters. Business and Strategy: The company focuses on the 'Efficiency, Profitability, and Sustainability' model. It aggressively invests in capital expenditure to increase reserves and production capacity. Its business model relies heavily on large-scale offshore drilling projects which are capital-intensive but provide high-yield returns when global energy prices are favorable. Financial Profile: As of the provided data, the company maintains a strong gross profit margin (exceeding 20%) and a competitive valuation compared to its industry peers. Its Price-to-Earnings (PE) ratio sits at approximately 10.59, reflecting investor confidence in its asset-heavy balance sheet and consistent dividend payouts. The company effectively manages its EBITDA by focusing on high-margin offshore fields, though it faces cyclical challenges inherent in the oil and gas sector. Operational Scope: CNOOC operates through a complex supply chain involving specialized equipment manufacturers, seismic technology providers, and logistics firms. BOM (Bill of Materials) and operational costs are dominated by exploration drilling, subsea infrastructure maintenance, and vessel chartering. Management and Future Outlook: Led by experienced industry executives, the company is pivoting toward energy transition goals, investing in offshore wind and carbon capture technology to complement its core hydrocarbon business. The company's goal remains to maximize shareholder value through consistent reserve replacement while navigating the geopolitical complexities of international energy markets. Despite the volatility in quarterly revenue growth, CNOOC's strong cash position and strategic partnerships—particularly in regions like Guyana and Brazil—position it as a dominant force in global energy exploration for the coming decades.
Founded
1999
Employees
18425
CEO
Keqiang Xu
Full Name
CNOOC Limited
Sector
Energy
Industry
Oil & Gas Exploration & Production
ROE
19.51%
Market Cap
$5.97B
Current Ratio
2.23
ROIC
12.36%

Contact Information

http://www.cnoocltd.com
852 2213 2500
Bank of China Tower, Central
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