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CNOOC Limited CNOOC Limited

CNOOC Limited

0883
Rank in Stocks #154
CNOOC Limited functions as an investment holding company, with its core... CNOOC Limited functions as an investment holding company, with its core business encompassing the full lifecycle of crude oil and natural gas, from exploration and development to production and sales. Its activities are organized across three primary segments: Exploration & Production (E&P), Trading, and Corporate functions. The company primarily extracts offshore crude oil and natural gas from Chinese waters, specifically in the Bohai Sea, Western South China Sea, Eastern South China Sea, and East China Sea regions. Furthermore, CNOOC Limited maintains interests in various oil and gas assets distributed across Asia, Africa, North America, South America, Oceania, and Europe. As of December 31, 2021, its net proved reserves were approximately 5.73 billion barrels of oil equivalent. Beyond its primary operations, the company also participates in bond issuance, the marketing and sale of petroleum and natural gas, and the surface exploration and commercialization of coalbed methane. With a global presence, CNOOC Limited conducts operations in countries such as China, Canada, the United States, the United Kingdom, Nigeria, Argentina, Indonesia, Uganda, Iraq, Brazil, Guyana, Russia, and Australia, alongside other international ventures. Founded in 1999 and headquartered in Central, Hong Kong, CNOOC Limited functions as a subsidiary of China National Offshore Oil Corporation.
Share Price
$2.99
Market Cap
$142.16B
Change (1 day)
-0.68%
Change (1 year)
20.63%
Country
HK
Trade CNOOC Limited (0883)

Category

Energy
P/E ratio for CNOOC Limited (0883)
P/E ratio as of September 2026 TTM: 7.36
According to CNOOC Limited latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.36. 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) 7.36 18.89%
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
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Canadian Natural Resources Limited Canadian Natural Resources Limited
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 - -
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Allied Energy, Inc. Allied Energy, Inc.
Allied Energy, Inc.
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 - -
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EOG Resources, Inc. EOG Resources, Inc.
EOG Resources, Inc.
EOG.US
 11.50 56.22%
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Pioneer Natural Resources Company Pioneer Natural Resources Company
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 - -
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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.