CNOOC Ltd A (600938)

Currency in CNY
31.28
+0.30(+0.97%)
Closed·
High dividend Yield
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Fair Value
Day's Range
30.7531.48
52 wk Range
26.4044.54
Key Statistics
Bid/Ask
31.28 / 31.29
Prev. Close
30.98
Open
31.2
Day's Range
30.75-31.48
52 wk Range
26.4-44.54
Volume
56.88M
Average Volume (3m)
47.2M
1-Year Change
9.9473%
Fair Value
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Fair Value Upside
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600938 Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
41.02
Upside
+31.15%
Members' Sentiments
Bearish
Bullish
ProTips
Stock has taken a big hit over the last week

CNOOC Ltd A News & Analysis

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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Technical Indicators
Strong Sell
Moving Averages
Sell

Analyst Ratings

11 Buy
0 Hold
2 Sell
Ratings:
13 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 41.02
(+31.15% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
JPMorgan
Buy45.00+43.86%43.00MaintainNov 02, 2026
JPMorgan
Buy43.00+37.47%47.00MaintainAug 28, 2026
Macquarie
Sell20.60-34.14%-MaintainJun 30, 2026
CLSA
Buy48.80+56.01%44.00MaintainJun 16, 2026
Macquarie
Sell20.60-34.14%14.80MaintainApr 21, 2026

CNOOC Ltd A Earnings Call Summary for Q3/2026

  • CNOOC reported Q3 2026 net income up 16.8% to CNY 171.9B, outpacing 9.5% revenue growth to CNY 305B on stronger margins and pricing.
  • Oil and gas production rose 2.7% to 537M BOEs in nine months; realized oil price jumped 26% YoY to $86.32/barrel, boosting profitability.
  • All-in costs held at $37.57/BOE despite higher oil prices, demonstrating cost discipline; nine new projects launched, five discoveries made.
  • Management expressed 'full confidence' in meeting full-year production targets, citing strong operational performance and disciplined capex.
  • Stock gained 1.55% to $35.97 post-results; trades at 7x P/E with 3.65% dividend yield, suggesting market views update as solid but unsurprising.
Last Updated: 2026/11/01, 11:08
Read Full Transcript

Earnings

Latest Release
Oct 30, 2026
EPS / Forecast
0,70 / 1,04
Revenue / Forecast
112,91B / 133,79B
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 2,94
Dividend Yield
4.13%
Industry Median 4.89%
Annualised payout
1.29
Paid unevenly
5-Years Growth
+67.48%
Growth Streak

600938 Income Statement

Compare 600938 to Peers and Sector

Metrics to compare
600938
Peers
Sector
Relationship
P/E Ratio
7.1x13.6x4.7x
PEG Ratio
0.530.240.00
Price/Book
1.2x1.7x1.1x
Price / LTM Sales
2.2x1.4x1.3x
Upside (Analyst Target)
31.1%9.0%38.8%
Fair Value Upside
Unlock7.6%11.9%Unlock

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. In addition, the company is involved in the sales and trading of petroleum and natural gas; oil sands exploration, development, and production; and exploration, development, and production of unconventional natural gas resources in onshore China, as well as in shale oil and gas activities. The company was incorporated in 1999 and is based in Hong Kong. CNOOC Limited operates as a subsidiary of CNOOC (BVI) LTD.

Industry
Oil & Gas
Sector
Energy
Employees
22045
Market
China

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
1,75B3,68%54,65B
Other Institutional Investors
30,70B64,59%960,31B
Public Companies & Retail Investors
15,08B31,73%471,77B
Total
47,53B100,00%1,49T

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
China National Offshore Oil Corporation62,13%29 530 451 273923 712 516
E Fund Management Co., Ltd.0,55%263 625 6688 246 211

FAQ

What Is the CNOOC (600938) Stock Price Today?

The CNOOC stock price today is 31,28 CNY.

What Stock Exchange Does CNOOC Trade On?

CNOOC is listed and trades on the Shanghai Stock Exchange.

What Is the Stock Symbol for CNOOC?

The stock symbol for CNOOC is "600938."

Does CNOOC Pay Dividends? What’s The Current Dividend Yield?

The CNOOC dividend yield is 4,1%%.

What Is the CNOOC Market Cap?

As of today, CNOOC market cap is 984,16B CNY.

What Is CNOOC's Earnings Per Share (TTM)?

The CNOOC EPS (TTM) is 2,94.

When Is the Next CNOOC Earnings Date?

CNOOC will release its next earnings report on Apr 01, 2027.

From a Technical Analysis Perspective, Is 600938 a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.

How Many Times Has CNOOC Stock Split?

CNOOC has split 0 times.

How Many Employees Does CNOOC Have?

CNOOC has 22045 employees.

What is the current trading status of CNOOC (600938)?

As of Nov 08, 2026, CNOOC (600938) is trading at a price of 31,28 CNY, with a previous close of 30,98 CNY. The stock has fluctuated within a day range of 30,75 CNY to 31,48 CNY, while its 52-week range spans from 26,40 CNY to 44,54 CNY.

What Is CNOOC (600938) Price Target According to Analysts?

The average 12-month price target for CNOOC is 41,02 CNY, with a high estimate of 50.36 CNY and a low estimate of 20.2 CNY. 11 analysts recommend buying the stock, while 2 suggest selling, leading to an overall rating of Buy. The stock has an +31,15% Upside potential.
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