CNOOC’s Stock Price Dips to 18.62 HKD, Witnessing a Slight 0.64% Decrease

CNOOC (883)

18.62 HKD -0.12 (-0.64%) Volume: 116.32M

Explore CNOOC’s stock price currently at 18.62 HKD, experiencing a slight drop of -0.64% this trading session with a trading volume of 116.32M. Despite a year-to-date decline of -2.62%, CNOOC (883) continues to be a player in the stock market.

Latest developments on CNOOC

Leading up to today’s stock price movements, CNOOC Ltd has been making strategic decisions to drive growth and maximize production. The company recently announced plans to lower oil output targets while keeping spending flat in 2025. Despite this, CNOOC set a record high output target for the same year and brought the Dongfang 29-1 gas field development project online. With a focus on maintaining capex levels and achieving production milestones, CNOOC is positioning itself for success in the coming years. These developments have influenced investor sentiment, with some expressing concerns about the company’s growth prospects. However, CNOOC remains committed to its 2025 business strategy and development plan, signaling confidence in its long-term performance.

A look at CNOOC Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, CNOOC Ltd has a positive long-term outlook based on its overall scores. The company scores well in Growth, Resilience, and Momentum, indicating a strong potential for future development and stability. With a focus on exploring, developing, and selling crude oil and natural gas, CNOOC Ltd‘s diverse oil and gas assets both in China and internationally position it well for continued growth and success in the industry.

CNOOC Ltd‘s Smartkarma Smart Scores show a favorable outlook for the company, with solid scores in Dividend and Resilience. As a company that explores, develops, produces, and sells crude oil and natural gas, CNOOC Ltd‘s strategic focus in key areas such as Bohai and the South China Sea, combined with its international oil and gas assets, provide a strong foundation for long-term success. Investors may find CNOOC Ltd to be a promising choice for potential growth and stability in the energy sector.

### CNOOC Limited, through its subsidiaries, explores, develops, produces, and sells crude oil and natural gas. The Company focuses in the areas such as Bohai, Western South China Sea, Eastern South China Sea and East China Sea in offshore China. Internationally, the Group has oil and gas assets in Asia, Africa, North America, South America, and Oceania. ###

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