CNOOC Ltd

00883: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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CNOOC Earnings: Robust Results Driven by High Oil Prices, H-Shares Remain Undervalued

Chokwai Lee

Nov 2, 2026

CNOOC's nine-month net profit rose 17% year on year, driven by a 26% increase in average realized oil price and 3% growth in net production. CNOOC also recorded CNY 7.2 billion of impairment losses on overseas assets.

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CNOOC Ltd

CNOOC Earnings: Robust Results Driven by High Oil Prices, H-Shares Remain Undervalued

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