China National Offshore Oil Overview
- Year Founded
-
1982
- Status
-
Public
- Employees
-
19,511
- Stock Symbol
-
00883
- Investments
-
25
- Share Price
-
$2.78
- (As of Friday Closing)
China National Offshore Oil General Information
Description
CNOOC is China's main offshore oil and gas exploration and production company. Through its parent company, it has exclusive rights to partner with foreign companies in offshore China projects. Net production for 2023 reached 678.0 million barrels of oil equivalent (78.1% oil), and year-end proven reserves were 6.78 billion barrels of oil equivalent. Assets outside China make up around 31.2% of production.
Contact Information
Website
www.cnoocltd.comCorporate Office
- Number 25 Chaoyangmenbei Dajie
- Dongcheng District
- Beijing, 100010
- China
Corporate Office
- Number 25 Chaoyangmenbei Dajie
- Dongcheng District
- Beijing, 100010
- China
China National Offshore Oil Stock Performance
(As of Friday Closing)
| Stock Price | Previous Close | 52 wk Range | Market Cap | Shares | Average Volume | EPS |
|---|---|---|---|---|---|---|
| $2.78 | $2.69 | $1.52 - $3.06 | $136B | 47.5B | 111M | $0.41 |
China National Offshore Oil Financials Summary
|
In Thousands, USD |
TTM 30-Jun-2024 | FY 2023 31-Dec-2023 | FY 2022 31-Dec-2022 | FY 2021 31-Dec-2021 |
|---|---|---|---|---|
| EV | 126,733,756 | 71,054,377 | 48,537,756 | 43,665,168 |
| Revenue | 63,397,810 | 59,581,223 | 64,180,330 | 38,516,171 |
| EBITDA | 26,370,407 | 33,854,991 | 38,268,686 | 24,012,712 |
| Net Income | 19,428,186 | 17,504,608 | 21,040,784 | 10,890,371 |
| Total Assets | 147,958,119 | 141,861,299 | 134,655,835 | 123,400,794 |
| Total Debt | 12,811,386 | 16,953,559 | 19,479,657 | 21,201,738 |
China National Offshore Oil Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
China National Offshore Oil Comparisons
Industry
Financing
Details
China National Offshore Oil Competitors (6)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| PetroChina Company | Corporation | Beijing, China | ||||
| PTT Exploration and Production | Corporation | Bangkok, Thailand | ||||
| Singapore Petroleum | Corporate Backed or Acquired | Singapore, Singapore | ||||
| PTT Public Company | Corporation | Bangkok, Thailand | ||||
| China National Petroleum | Corporation | Beijing, China |
China National Offshore Oil Patents
China National Offshore Oil Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| CA-3166868-A1 | Removal of interferences from produced water prior to colourmetric or spectrophotometric analysis | Pending | 06-Jul-2022 | ||
| US-20220397491-A1 | Coring device | Pending | 28-Jul-2020 | ||
| US-20230194373-A1 | Sensor module, sensor assembly and acoustic logging tool | Pending | 24-Jul-2020 | ||
| US-20210285849-A1 | Core detection device of coring instrument | Active | 12-Mar-2020 | ||
| US-20230194388-A1 | Core detection device of coring instrument and spacer insertion device | Active | 12-Mar-2020 | G01N1/08 |
China National Offshore Oil Executive Team (23)
| Name | Title | Board Seat |
|---|---|---|
| Zhou Xinhuai | Chief Executive Officer & Executive Director | |
| Xu Keqiang | Chief Executive Officer & Board Member | |
| Guangjie Hu | President and Executive Director | |
| Xie Weizhi | Chief Financial Officer | |
| Xinjian Cao | Executive Vice President and General Manager |
China National Offshore Oil Board Members (15)
| Name | Representing | Role | Since |
|---|---|---|---|
| Self | Independent Non-Executive Director | ||
| Self | Chairman | ||
| China National Offshore Oil | President and Executive Director | ||
| Self | Board Member | ||
| Self | Chairman & Secretary |
China National Offshore Oil Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
China National Offshore Oil Investments & Acquisitions (25)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Petrobras (Buzios and Itapu Blocks) | 24-Nov-2022 | Buildings and Property | |||
| Joint Venture (CNOOC / ExxonMobil / Hess) | 26-Sep-2022 | Buildings and Property | |||
| Kufpec (Yacheng 13-1 Offshore Gas Field in Yinggehai Basin) | 26-Jul-2022 | Other Energy | |||
| East African Crude Oil Pipeline | 01-Feb-2022 | Other Commercial Services | |||
| Petrobras (Buzios and Itapu Blocks) | 05-Nov-2019 | Corporate Asset Purchase | Buildings and Property |
China National Offshore Oil Subsidiaries (6)
| Company Name | Industry | Location | Founded |
|---|---|---|---|
| CNOOC Insurance | Insurance Company | Hong Kong, Hong Kong | 1999 |
| Zhonghai Trust | Asset Manager | Shanghai, China | |
| CNOOC Petroleum North America | Energy Exploration | Calgary, Canada | |
| CNOOC Luxembourg | Acquirer | ||
| CNOOC (Parts of Gulf of Mexico Assets) | Buildings and Property |
China National Offshore Oil ESG
Risk Overview
Risk Rating
Updated May, 10, 2024
41.46 | Severe Risk
Risk Scale
A lower score indicates better sustainability
Negl
0-10
Low
10-20
Med
20-30
High
30-40
Severe
40+
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues
Management
Management is related to actions taken to manage ESG issues
Peers Analysis
Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.
Global
Covered Companies
of 16,009
Rank
Percentile
Oil & Gas Producers
Industry
of 307
Rank
Percentile
Oil & Gas Exploration and Production
Subindustry
of 165
Rank
Percentile
China National Offshore Oil Exits (2)
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| Tangguh LNG Project | 13-May-2004 | Completed |
|
||
| Tangguh LNG Project | 04-Feb-2003 | Secondary Transaction - Private | Completed |
China National Offshore Oil FAQs
-
When was China National Offshore Oil founded?
China National Offshore Oil was founded in 1982.
-
Who is the CEO of China National Offshore Oil?
Zhou Xinhuai and Xu Keqiang are the CEOs of China National Offshore Oil.
-
Where is China National Offshore Oil headquartered?
China National Offshore Oil is headquartered in Beijing, China.
-
What is the size of China National Offshore Oil?
China National Offshore Oil has 19,511 total employees.
-
What industry is China National Offshore Oil in?
China National Offshore Oil’s primary industry is Energy Exploration.
-
Is China National Offshore Oil a private or public company?
China National Offshore Oil is a Public company.
-
What is China National Offshore Oil’s stock symbol?
The ticker symbol for China National Offshore Oil is 00883.
-
What is the current stock price of China National Offshore Oil?
As of 04-Oct-2024 the stock price of China National Offshore Oil is $2.78.
-
What is the current market cap of China National Offshore Oil?
The current market capitalization of China National Offshore Oil is $136B.
-
What is China National Offshore Oil’s current revenue?
The trailing twelve month revenue for China National Offshore Oil is $63.4B.
-
Who are China National Offshore Oil’s competitors?
PetroChina Company, PTT Exploration and Production, Singapore Petroleum, PTT Public Company, and China National Petroleum are some of the 6 competitors of China National Offshore Oil.
-
What is China National Offshore Oil’s annual earnings per share (EPS)?
China National Offshore Oil’s EPS for 12 months was $0.41.
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