C

CNOOC Ltd
SSE:600938

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CNOOC Ltd
SSE:600938
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Price: 28.94 CNY 0.38%
Market Cap: 791.7B CNY
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CNOOC Ltd
Tax Provision

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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CNOOC Ltd
Tax Provision Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Tax Provision CAGR 3Y CAGR 5Y CAGR 10Y
C
CNOOC Ltd
SSE:600938
Tax Provision
-ÂĄ48.9B
CAGR 3-Years
-70%
CAGR 5-Years
-17%
CAGR 10-Years
N/A
S
Shandong Xinchao Energy Corp Ltd
SSE:600777
Tax Provision
-ÂĄ670m
CAGR 3-Years
N/A
CAGR 5-Years
-4%
CAGR 10-Years
-35%
G
Geo-Jade Petroleum Corp
SSE:600759
Tax Provision
-ÂĄ1.1B
CAGR 3-Years
N/A
CAGR 5-Years
-79%
CAGR 10-Years
-21%
S
Sino Prima Gas Technology Co Ltd
SZSE:300483
Tax Provision
ÂĄ11.6m
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
No Stocks Found

CNOOC Ltd
Glance View

Market Cap
791.7B CNY
Industry
Energy

In the vast expanse of China's energy sector, CNOOC Ltd. stands as a commanding figure, bridging the gap between the nation’s thirst for energy and the immense reserves hidden beneath the ocean floor. Established in 1982, CNOOC Ltd. has evolved into the largest offshore oil and gas producer in China. The company operates primarily through its exploration and production segment, where it embarks on the quest to discover and extract hydrocarbons from offshore basins. With a significant stake in fields across the Bohai Bay, South China Sea, and even ventures into international waters, CNOOC’s operations are the embodiment of calculated risk and high reward. The company’s ability to harness advanced technology and expertise plays a crucial role in turning these underwater treasures into viable energy sources, contributing extensively to the robustness of China’s energy supply. CNOOC Ltd.’s business model intricately weaves exploration, development, and production, which allows the company to efficiently convert discovered reserves into financial health. Their income primarily stems from the sale of crude oil, natural gas, and petroleum products, surfacing from deep-sea extraction. This process is buoyed by strategic partnerships and joint ventures globally, extending their influence and capacity. Furthermore, by leveraging government backing and access to capital, CNOOC maintains a competitive edge in securing lucrative exploration rights and maintaining operational resilience even amidst fluctuating oil prices. Consequently, CNOOC Ltd. not only drives forward with a strong production profile but also consistently contributes significant energy resources to meet the growing demands of China and beyond.

Intrinsic Value
62.94 CNY
Undervaluation 54%
Intrinsic Value
Price
C

See Also

What is CNOOC Ltd's Tax Provision?
Tax Provision
-48.9B CNY

Based on the financial report for Dec 31, 2023, CNOOC Ltd's Tax Provision amounts to -48.9B CNY.

What is CNOOC Ltd's Tax Provision growth rate?
Tax Provision CAGR 5Y
-17%

Over the last year, the Tax Provision growth was 8%. The average annual Tax Provision growth rates for CNOOC Ltd have been -70% over the past three years , -17% over the past five years .

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