- Cnooc’s total revenue for the fiscal year amounted to 420.51 billion yuan, falling short of the estimated 446.92 billion yuan.
- Oil and gas revenue reached 355.62 billion yuan, nearly meeting the estimated 356.03 billion yuan.
- Marketing revenue was significantly lower than expected, at 55.14 billion yuan compared to an estimate of 78.84 billion yuan.
- Other revenues were recorded at 9.75 billion yuan.
- The company reported a net income of 137.94 billion yuan.
- A final dividend of 66 HK cents per share was announced.
- Capital expenditure totaled 130.22 billion yuan for the fiscal year.
- Analysts have given 21 buy ratings, 1 hold, and 1 sell recommendation for the company.
A look at CNOOC Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
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
Looking at the Smartkarma Smart Scores for CNOOC Ltd, we see a generally positive long-term outlook for the company. With solid scores in Dividend, Growth, Resilience, and Momentum, CNOOC Ltd seems well-positioned in key areas crucial for its future success. The company’s strong Dividend score indicates its ability to provide steady returns to investors, while the Growth and Resilience scores point towards a promising trajectory and capacity to weather economic uncertainties. Although the Value and Momentum scores are slightly lower, the overall picture suggests a company with favorable prospects.
CNOOC Limited, a company engaged in the exploration and production of crude oil and natural gas, operates both domestically and internationally. With a focus on various regions in offshore China and oil and gas assets spread across Asia, Africa, North America, South America, and Oceania, CNOOC Ltd is a diversified player in the energy sector. The company’s strong performance across key Smartkarma Smart Scores reflects its strategic position and potential for sustainable growth in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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