CNOOC Limited
Research CNOOC Limited (600938.SS) on Bullrun: market cap CNY 1.65T, P/E 11.9, dividend yield 3.7%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- Ticker600938.SS
- ExchangeSS
- CountryChina
- SectorEnergy
- IndustryOil & Gas E&P
- CurrencyCNY
- Market capCNY 1.65T
- P/E11.9
- Dividend yield3.7%
- Financial periodFY2025
- RevenueCNY 398.22B
- Revenue growth-5.3%
- Net incomeCNY 122.08B
- Free cash flowCNY 97.49B
- Gross margin67.5%
Valuation Snapshot
latest market cap is CNY 1.65T; P/E is 11.9; dividend yield is 3.7%.
Peer valuation comparison
Latest P/E is 11.9x versus a Energy sector median of 15.05x (20.9% below).
Latest dividend yield is 3.72% versus a Energy sector median of 3.45% (7.8% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | CNY 398.22B | CNY 122.08B | CNY 97.49B | 67.5% | 2.57 | CNY 78.68B | CNY 69.80B | CNY 802.75B |
| FY2024 | CNY 420.51B | CNY 137.94B | CNY 97.53B | 68.4% | 2.9 | CNY 81.28B | CNY 91.89B | CNY 747.55B |
| FY2023 | CNY 421.53B | CNY 123.84B | CNY 88.87B | 62.7% | 2.6 | CNY 133.44B | CNY 120.18B | CNY 666.59B |
| FY2022 | CNY 432.23B | CNY 141.70B | CNY 110.82B | 64.3% | 3.03 | CNY 85.63B | CNY 134.40B | CNY 597.18B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-18 | CNY 1.65T | 11.9 | 3.7% | 1.29 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.29 CNY, yield 3.7%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.27 CNY |
| FY2024 | 1.28 CNY |
| FY2023 | 1.22 CNY |
| FY2022 | 1.62 CNY |
About CNOOC Limited
CNOOC Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas in worldwide. The company produces offshore crude oil and natural gas primarily in Bohai Sea, the Western South China Sea, the Eastern South China Sea, and the East China Sea in China. It also holds interests in various oil and gas assets in Asia, Africa, North America, South America, Oceania, and Europe.
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Frequently asked questions
What is CNOOC Limited's market cap?
CNOOC Limited's market capitalization is CNY 1.65T.
What is CNOOC Limited's P/E ratio?
CNOOC Limited's price-to-earnings (P/E) ratio is 11.9.
Does CNOOC Limited pay a dividend?
CNOOC Limited has a dividend yield of 3.7%.
What does CNOOC Limited do?
CNOOC Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas in worldwide. The company produces offshore crude oil and natural gas primarily in Bohai Sea, the Western South China Sea, the Eastern South China Sea, and the East China Sea in China. It also holds interests in various oil and gas assets in Asia, Africa, North America, South America, Oceania, and Europe.