C

CNOOC Ltd
SSE:600938

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CNOOC Ltd
SSE:600938
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Price: 28.83 CNY -0.72%
Market Cap: 788.7B CNY
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Gross Margin
CNOOC Ltd

47.6%
Current
47%
Average
34.2%
Industry

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
47.6%
=
Gross Profit
207.3B
/
Revenue
435.8B

Gross Margin Across Competitors

Country CN
Market Cap 788.7B CNY
Gross Margin
48%
Country US
Market Cap 125.1B USD
Gross Margin
47%
Country US
Market Cap 68B USD
Gross Margin
62%
Country CA
Market Cap 91.9B CAD
Gross Margin
50%
Country US
Market Cap 46.3B USD
Gross Margin
72%
Country US
Market Cap 46B USD
Gross Margin
51%
Country US
Market Cap 40.2B USD
Gross Margin
76%
Country AU
Market Cap 46.1B AUD
Gross Margin
45%
Country US
Market Cap 25.8B EUR
Gross Margin
92%
Country US
Market Cap 26.8B USD
Gross Margin
93%
Country US
Market Cap 26.4B USD
Gross Margin
56%
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CNOOC Ltd
Glance View

Market Cap
788.7B 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

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What is Gross Margin?

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
47.6%
=
Gross Profit
207.3B
/
Revenue
435.8B
What is the Gross Margin of CNOOC Ltd?

Based on CNOOC Ltd's most recent financial statements, the company has Gross Margin of 47.6%.