CNOOC Ltd
00883: XHKG (HKG)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| HKD 79.80 | Thtf | Mxxfvfnb |
CNOOC's Record Earnings Driven by Strong Output and Stringent Cost Control
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Business Strategy and Outlook
CNOOC is the upstream arm of China's third state-owned oil company, China National Offshore Oil. As a result, it's the most direct option for investors seeking exposure to China's energy security policy and long-term plans to increase its oil supply. As it does not have downstream activities, the company has also avoided a large legacy labor force. None of the company's sales are subject to government price controls.