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CNOOC Limited
Native name
中国海洋石油有限公司
Traded as SEHK: 0883
NYSE: CEO
TSX: CNU
Industry Oil and gas, energy
Founded August 1999
Headquarters
  • Hong Kong, China (registered office)
  • Beijing (de facto)
Key people
Zhong Hua (CFO)
Yang Hua (Chairman and CEO), Yuan Guangyu (President)
Total assets RMB384.26 billion (2012)
Number of employees
5,377 (2012)
Parent CNOOC
Subsidiaries Nexen
China Oilfield Services
Website cnoocltd.com

CNOOC Limited (中国海洋石油有限公司) is China’s largest producer of offshore crude oil and natural gas. It is a major subsidiary of China National Offshore Oil Corporation (CNOOC) and has been listed in Hong Kong SEHK: 0883 and in New York NYSE: CEO since February 2001. It was admitted as a constituent stock of the Hang Seng Index in July 2001. In September 2013 it was listed on the Toronto Stock Exchange following its acquisition of Canadian oil and gas company Nexen Inc.

Its core domestic operation areas are in Bohai, the South China Sea, and the East China Sea. Internationally, it has oil and gas assets in Asia, Africa, North America, South America, and Oceania.

As of December 31, 2011, the CNOOC Limited owned net proven reserves of approximately 3.19 billion barrel of oil equivalent (BOE), and its average daily net production was 909,000 BOE.

CNOOC Ltd's parent, China National Offshore Oil Corporation (CNOOC), is the third largest of the "Big Three" Chinese oil companies, and traditionally specialised in offshore upstream exploration and production, whereas CNPC Group specialised in onshore upstream exploration and production, and Sinopec Group specialised in refining and marketing. These distinctions are now increasingly blurred as the three companies compete in all areas. All of the "Big Three" have vested the majority of revenue producing assets in listed Hong Kong subsidiaries. CNPC into PetroChina, Sinopec Group into Sinopec Limited, and CNOOC Group into CNOOC Limited.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2020 2020-08-19 0.00 3.29
Q4 2019 2020-03-25 0.00 9.76
Q2 2019 2019-08-29 0.00 9.88
Q4 2018 2019-03-21 0.00 8.55
Q2 2018 2018-09-04 0.00 8.61
Q4 2017 2018-03-29 0.00 3.12
Q2 2017 2017-08-24 0.00 5.37
Q4 2016 2017-03-23 0.00 2.82
Q2 2016 2016-08-24 0.00 -2.61
Q4 2015 2016-03-24 0.00 1.68

Ratings

2016-06-21 Upgrade BOCOM International Holdings Neutral to Buy
2016-05-18 Upgrade Nomura Neutral to Buy
2016-05-18 Upgrade Nomura Holdings Inc. Neutral to Buy
2016-05-17 Upgrade Mizuho Neutral to Buy
2016-05-10 Downgrade Morgan Stanley Overweight to Equal Weight
2016-03-08 Reiterated Rating Sanford C. Bernstein Outperform
2016-01-20 Upgrade Jefferies Group Hold to Buy
2015-12-08 Downgrade CLSA Outperform to Sell
2015-12-08 Downgrade Credit Agricole Outperform to Sell
2015-12-08 Downgrade Credit Agricole SA Outperform to Sell
2015-10-20 Upgrade Barclays Equal Weight to Overweight
2015-10-20 Upgrade Barclays PLC Equal Weight to Overweight
2015-09-29 Upgrade Jefferies Group Hold to Buy
2015-09-01 Downgrade HSBC Hold to Reduce
2015-08-31 Upgrade Bank of America Neutral to Buy
2015-08-31 Upgrade Bank of America Corp. Neutral to Buy
2015-08-27 Upgrade Credit Suisse Neutral to Outperform
2015-08-27 Lower Price Target Bank of America Neutral $129.00 to $110.00
2015-08-27 Upgrade Credit Suisse Group AG Neutral to Outperform
2015-08-25 Upgrade Societe Generale Hold to Buy
2015-08-24 Reiterated Rating Barclays Equal Weight
2015-06-15 Upgrade Jefferies Group Underperform to Hold
2015-05-26 Upgrade JPMorgan Chase & Co. Underweight to Neutral
2015-03-31 Upgrade CICC Research Hold to Buy
2015-03-12 Upgrade Bank of America Underperform to Buy
2015-02-04 Upgrade BNP Paribas Hold
2015-01-22 Downgrade Citigroup Inc. Buy to Neutral
2015-01-19 Downgrade JPMorgan Chase & Co. Neutral to Underweight
2015-01-15 Downgrade Jefferies Group Hold to Underperform
2015-01-14 Upgrade Nomura Hold
2014-10-30 Reiterated Rating Nomura Reduce
2014-10-29 Downgrade Jefferies Group Buy to Hold
2014-10-08 Upgrade Jefferies Group Hold to Buy
2014-10-07 Upgrade Sanford C. Bernstein Outperform
2014-08-18 Downgrade Jefferies Group Buy to Hold
2014-08-18 Upgrade Credit Suisse Underperform to Neutral
2014-07-10 Upgrade JPMorgan Chase & Co. Neutral to Overweight
2014-03-31 Upgrade Jefferies Group Hold to Buy
2014-02-27 Downgrade Goldman Sachs Buy to Neutral
2014-01-21 Downgrade Nomura Neutral to Reduce
2014-01-21 Downgrade Credit Suisse Outperform to Neutral
2014-01-21 Downgrade Sanford C. Bernstein Outperform to Market Perform
2013-11-05 Initiated Coverage Barclays Overweight
2009-05-18 Downgrade Credit Suisse Neutral to Underperform
2009-04-08 Downgrade UBS Neutral to Sell
2009-03-26 Downgrade UBS Buy to Neutral
2008-11-06 Downgrade Credit Suisse Outperform to Neutral
2008-05-20 Upgrade Credit Suisse Neutral to Outperform
2007-12-04 Downgrade Credit Suisse Outperform to Neutral
2007-11-23 Upgrade Citigroup Hold to Buy
2007-09-26 Downgrade Bear Stearns Peer Perform to Underperform
2007-06-20 Upgrade Credit Suisse Neutral to Outperform
2007-05-23 Downgrade Bear Stearns Outperform to Peer Perform
2007-04-20 Upgrade Goldman Sachs Neutral to Buy
2007-04-19 Upgrade JP Morgan Neutral to Overweight
2007-01-31 Downgrade Goldman Sachs Buy to Neutral
2016-06-21 Upgrade BOCOM International Holdings Neutral to Buy
2016-05-18 Upgrade Nomura Neutral to Buy
2016-05-18 Upgrade Nomura Holdings Inc. Neutral to Buy
2016-05-17 Upgrade Mizuho Neutral to Buy
2016-05-10 Downgrade Morgan Stanley Overweight to Equal Weight

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks

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