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CNOOC Limited CNOOC Limited

CNOOC Limited

0883
Rank in Stocks #87
CNOOC Limited, an investment holding company, engages in the exploration,... CNOOC Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas. It operates through three segments: E&P, Trading Business, and Corporate. The company produces offshore crude oil and natural gas primarily in Bohai, the Western South China Sea, the Eastern South China Sea, and the East China Sea in offshore China. It also holds interests in various oil and gas assets in Asia, Africa, North America, South America, Oceania, and Europe. As of December 31, 2021, it had net proved reserves of approximately 5.73 billion barrels of oil equivalent. In addition, the company is involved in the bond issuance; sale and marketing of petroleum and natural gas; and surface exploration and sale of coalbed methane. CNOOC Limited operates in China, Canada, the United States, the United Kingdom, Nigeria, Argentina, Indonesia, Uganda, Iraq, Brazil, Guyana, Russia, Australia, and internationally. The company was incorporated in 1999 and is based in Central, Hong Kong. CNOOC Limited is a subsidiary of China National Offshore Oil Corporation.
Share Price
$3.63
Market Cap
$178.96B
Change (1 day)
-3.74%
Change (1 year)
51.71%
Country
HK
Trade CNOOC Limited (0883)

Category

Energy
P/E ratio for CNOOC Limited (0883)
P/E ratio as of March 2026 TTM: 9.78
According to CNOOC Limited latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.78. At the end of 2023 the company had a P/E ratio of 4.59.
P/E ratio history for CNOOC Limited from 2000 to 2026
P/E ratio at the end of each year
Year P/E Ratio Change
2026 (TTM) 9.78 57.97%
2024 6.19 34.76%
2023 4.59 59.24%
2022 2.88 -30.52%
2021 4.15 -61.58%
2020 10.81 27.63%
2019 8.47 -5.90%
2018 9.00 -48.13%
2017 17.35 -97.15%
2016 608.49 3,982.11%
2015 14.91 140.97%
2014 6.19 -30.68%
2013 8.92 -5.59%
2012 9.45 34.59%
2011 7.02 -45.75%
2010 12.95 -20.69%
2009 16.32 154.80%
2008 6.41 -63.01%
2007 17.32 68.81%
2006 10.26 16.67%
2005 8.79 -22.54%
2004 11.35 -80.30%
2003 57.63 24.26%
2002 46.38 -15.48%
2001 54.87 69.78%
2000 32.32 0.00%
P/E ratio for similar companies or competitors
Company P/E Ratio P/E Ratio Difference Country
ConocoPhillips ConocoPhillips
ConocoPhillips
COP.US
 18.30 87.10%
US
Canadian Natural Resources Limited Canadian Natural Resources Limited
Canadian Natural Resources Limited
CNQ.US
 12.81 30.95%
CA
EOG Resources, Inc. EOG Resources, Inc.
EOG Resources, Inc.
EOG.US
 14.47 47.94%
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Occidental Petroleum Corporation Occidental Petroleum Corporation
Occidental Petroleum Corporation
OPC.DE
 24.93 154.93%
US
Diamondback Energy, Inc. Diamondback Energy, Inc.
Diamondback Energy, Inc.
FANG.US
 31.27 219.79%
US
How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share.
A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.

Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.