CNOOC Ltd

00883: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	%?	LOCK\|DN	LOCK\|qVXkCSL

CNOOC Earnings: Cost Discipline and Output Growth Cushion Lower Oil Prices

Chokwai Lee

Mar 27, 2026

CNOOC's 2025 net profit fell 11% year on year to CNY 122.1 billion. This was driven by a 7% increase in net production and a 2% decline in all-in cost, which offset a 13% drop in the average realized oil selling price.

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CNOOC Ltd

CNOOC Earnings: Cost Discipline and Output Growth Cushion Lower Oil Prices

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