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Morningstar’s Analysis

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About Quantitative Ratings

Morningstar Quantitative ratings for equities (denoted on this page by) are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies withratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating. Click here for more on how to use these ratings.

Company Profile

Business Description

CNOOC is China’s main offshore oil and gas exploration and production company. Through its parent company, it has exclusive rights to partner with foreign companies in offshore China projects. Production for 2019 averaged 1.39 million barrels of oil equivalent per day (81% oil), and year-end proven reserves were 5.18 billion barrels of oil equivalent, or boe, (72% oil). Assets outside China make up around 36% of production.

1 Garden Road, 65th Floor, Bank of China Tower
Hong Kong, Hong Kong
T +852 22132500
Sector Energy
Industry Oil & Gas E&P
Most Recent Earnings Dec 31, 2010
Fiscal Year End Dec 31, 2020
Stock Type
Employees 18,703