Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
600938.SS
BUYFLAGCNOOC Limited · Energy · Hong Kong · $191.6B · Avg Vol: $314M/d
CNOOC has strong quality at Q81 and value V56, but momentum at M43 is below the calibrated floor, so stage one fails. A 2.8% forward-EPS cut is separately adverse.
COMPANY DESCRIPTION
CNOOC Limited is the largest producer of offshore crude oil and natural gas in China, focusing on exploration, development, and production in offshore China and international deep-water basins. The company possesses an exclusive mandate for offshore oil and gas exploration in China, giving it an unmatched domestic resource moat. It is a highly profitable, low-cost global E&P giant with industry-leading reserve replacement ratios.
FINANCIAL SUMMARY (USD)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | 63.7B | 62.1B | 61.9B | 58.7B | -2.7% | 60.0B | 72.0B | 67.1B | 7.0% |
| EPS | — | 7.10 | 6.09 | 6.79 | 6.02 | -5.4% | — | — | — | — |
| Shares | — | 3.0B | 3.0B | 3.0B | 3.0B | 0.0% | 3.0B | — | — | — |
| Debt | — | 19.8B | 17.7B | 13.5B | 10.3B | -19.6% | 10.2B | — | — | — |
| Equity | — | 88.0B | 98.2B | 110.1B | 118.2B | 10.4% | — | — | — | — |
| Op CF | 21.8B | 30.3B | 30.9B | 32.5B | 30.8B | 9.0% | 30.5B | — | — | — |
| Inv CF | -14.2B | -14.5B | -11.5B | -25.8B | -18.4B | — | — | — | — | — |
| Fin CF | -4.9B | -9.6B | -12.4B | -14.4B | -12.7B | — | — | — | — | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Energy, ranked by industry match, size, and score similarity. Cross-listings of 600938.SS are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 600938.SS | CNOOC Limited(you) | $191.6B | 79 | BUY |
| COP.MX | ConocoPhillips | $149.4B | 80 | STRONG BUY |
| CNQ.TO | Canadian Natural Resources Limited | $101.1B | 74 | BUY |
| EOG | EOG Resources, Inc. | $78.0B | 87 | STRONG BUY |
| OXY1.MX | Occidental Petroleum Corporation | $50.0B | 81 | STRONG BUY |
| DY6.DE | Devon Energy Corporation | $49.1B | 74 | BUY |
| WDS | Woodside Energy Group Ltd | $42.9B | 70 | BUY |
| EQT | EQT Corporation | $33.2B | 74 | BUY |
| PR | Permian Resources Corporation | $18.4B | 77 | BUY |
| OVV.TO | Ovintiv Inc. | $18.2B | 83 | STRONG BUY |
Peer medians: ROE 6.8% · P/E 16.7x · Gross margin 34.2%