CNOOC Ltd A (600938)

Currency in CNY
33.91
-0.51(-1.48%)
Closed·
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Fair Value
Day's Range
33.8035.50
52 wk Range
25.5044.54
Key Statistics
Bid/Ask
33.91 / 33.92
Prev. Close
34.42
Open
34.94
Day's Range
33.8-35.5
52 wk Range
25.5-44.54
Volume
98.91M
Average Volume (3m)
56.97M
1-Year Change
29.3288%
Fair Value
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Fair Value Upside
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600938 Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
40.11
Upside
+18.28%
Members' Sentiments
Bearish
Bullish
ProTips
Trading at a low P/E ratio relative to near-term earnings growth

CNOOC Ltd A News & Analysis

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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Technical Indicators
Strong Sell
Moving Averages
Sell

Analyst Ratings

11 Buy
0 Hold
2 Sell
Ratings:
13 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 40.11
(+18.28% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
JPMorgan
Buy43.00+26.81%47.00Maintain28-08-2026
Macquarie
Sell20.60-39.25%-Maintain30-06-2026
CLSA
Buy48.80+43.91%44.00Maintain16-06-2026
Macquarie
Sell20.60-39.25%14.80Maintain21-04-2026
CLSA
Buy44.00+29.76%31.10Maintain27-03-2026

Earnings

Latest Release
26-08-2026
EPS / Forecast
0.98 / 1.12
Revenue / Forecast
126.58B / 138.18B
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 2.91%
Dividend Yield
3.33%
Industry Median 4.84%
Annualised payout
1.14
Paid unevenly
5-Years Growth
+23.82%
Growth Streak

600938 Income Statement

Compare 600938 to Peers and Sector

Metrics to compare
600938
Peers
Sector
Relationship
P/E Ratio
7.5x15.5x6.0x
PEG Ratio
0.920.370.00
Price/Book
1.2x1.9x1.1x
Price / LTM Sales
2.4x1.5x1.5x
Upside (Analyst Target)
24.9%6.7%20.9%
Fair Value Upside
Unlock6.9%6.5%Unlock

CNOOC Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas in worldwide. The company produces offshore crude oil and natural gas primarily in Bohai Sea, the Western South China Sea, the Eastern South China Sea, and the East China Sea in China. It also holds interests in various oil and gas assets in Asia, Africa, North America, South America, Oceania, and Europe. In addition, the company is involved in the sales and trading of petroleum and natural gas; oil sands exploration, development, and production; and exploration, development, and production of unconventional natural gas resources in onshore China, as well as in shale oil and gas activities. The company was incorporated in 1999 and is based in Hong Kong. CNOOC Limited operates as a subsidiary of CNOOC (BVI) LTD.

Industry
Oil & Gas
Sector
Energy
Employees
22045
Market
China

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
1.69B3.56%58.25B
Other Institutional Investors
30.70B64.59%1.06T
Public Companies & Retail Investors
15.14B31.85%521.12B
Total
47.53B100.00%1.64T

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
China National Offshore Oil Corporation62.13%29,53,04,51,2731,01,64,38,133
E Fund Management Co., Ltd.0.61%29,11,60,5821,00,21,747

FAQ

What Is the CNOOC (600938) Share Price Today?

The CNOOC share price today is 33.91.

What is the current CNOOC (600938) share price and day range?

As of 11-09-2026, the CNOOC share price is 33.91, with a previous close of 34.42. The share price has ranged from 33.80 to 35.50 today, while the 52-week range spans from 25.50 to 44.54.

What Is the CNOOC Market Cap?

As of today, CNOOC market cap is 1.06T.

Does CNOOC Pay Dividends? What's The Current Dividend Yield?

The CNOOC dividend yield is 3.35%.

What Is the CNOOC (600938) Share Price Target?

The average 12-month share price target for CNOOC is 40.11, with a high estimate of 48.8 and a low estimate of 20.2. 11 analysts recommend buying, while 2 suggest selling, with an overall rating of Buy and +18.28% Upside potential.

What Is CNOOC's Earnings Per Share (TTM)?

The CNOOC EPS (TTM) is 2.91.

When Is the Next CNOOC Earnings Date?

CNOOC will release its next earnings report on 22-10-2026.

From a Technical Analysis Perspective, Is 600938 a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.

What Stock Exchange Does CNOOC Trade On?

CNOOC is listed and trades on the Shanghai Stock Exchange.

What Is the Stock Symbol for CNOOC?

The stock symbol for CNOOC is "600938."

How Many Times Has CNOOC Stock Split?

CNOOC has split 0 times.

How Many Employees Does CNOOC Have?

CNOOC has 22045 employees.
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