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.
With purely upstream activities, CNOOC's fair value estimate and earnings would benefit significantly from a rise in oil prices and/or output.
The state-owned nature of CNOOC places national interests above investors' interests.
|
Metric
|
00883
|
XOM
|
00857
|
|---|---|---|---|
Price/Earnings (Normalized) | 7.49 | 21.66 | 9.29 |
Price/Book Value | 1.15 | 2.83 | 0.97 |
Price/Sales | 2.35 | 2.09 | 0.56 |
Price/Cash Flow | 4.27 | 11.33 | 3.64 |
|
Metric
|
00883
|
XOM
|
00857
|
|---|---|---|---|
Quick Ratio | 2.63 | 0.74 | 0.68 |
Current Ratio | 2.80 | 1.04 | 1.15 |
Interest Coverage | 29.79 | 59.52 | 15.35 |
|
Metric
|
00883
|
XOM
|
00857
|
|---|---|---|---|
Return on Assets (Normalized) | 12.35% | 8.50% | 7.42% |
Return on Equity (Normalized) | 17.27% | 14.95% | 13.51% |
Return on Invested Capital (Normalized) | 15.99% | 12.72% | 10.25% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| ConocoPhillips
COP
| LOCK|Mf^mTpD | LOCK|GLjX | $174B | |||
| Canadian Natural Resources Ltd
CNQ
| LOCK|$!<mDs | LOCK|&>m?j | $112B | |||
| EOG Resources Inc
EOG
| LOCK|MM>>?PF | LOCK|L%D>< | $83B | |||
| Occidental Petroleum Corp
OXY
| LOCK|<&% | LOCK|N%n | $63B | |||
| Diamondback Energy Inc
FANG
| LOCK|x@y&<KL< | LOCK|Z#?fH | $57B | |||
| Devon Energy Corp
DVN
| LOCK|bHgZ?Xy? | LOCK|<>TcH | $56B | |||
| EQT Corp
EQT
| LOCK|Dz?&l?y$ | LOCK|!! | $34B | |||
| Expand Energy Corp Ordinary Shares - New
EXE
| LOCK|SdVdfw | LOCK|vw | $22B | |||
| Ovintiv Inc
OVV
| LOCK|RJL^>Vj | LOCK|@g | $19B | |||
| Antero Resources Corp
AR
| LOCK|n%S!mn | LOCK|!@m | $12B |
United States