CNOOC Ltd.
Explores, develops, and produces crude oil and natural gas across global offshore and onshore operations, with primary focus on Chinese waters and Asia-Pacific regions.
As of Sep 1, 2026
Summary
CNOOC Ltd. is a major Chinese offshore oil and gas producer listed in Hong Kong. The stock is showing a bullish technical bias despite a modest daily decline, with shares up 6.2% over the past month and a strong 43.8% return over the past year at a current price of HK$25.30.
Price history
As of Aug 31, 2026
Performance
-0.95%
-0.39%
+6.21%
-3.16%
+21.39%
+43.84%
As of Aug 31, 2026
Technical indicators
- 63.2
- 0.09Bullish
- 50: 23.17 · 200: 23.97
- HK$25.07 / HK$26.50
Technical Bias
Bullish lean
The technical indicators for CNOOC Ltd. show a mixed picture with a slight bullish lean. MACD is printing bullish momentum, but RSI and moving averages are holding neutral ground, suggesting neither overbought conditions nor a confirmed uptrend. This derived technical read is not a recommendation; the stock currently sits between support at HK$25.07 and resistance at HK$26.50.
A transparent read of the indicators below — not a prediction or recommendation.
As of Aug 31, 2026
Fundamentals
- HK$1.21T
- 8.48
- HK$2.92
- 31.94%
- +25.6%
- HK$96.9B
- 0.32
- HK$18.02 – HK$30.31
- 5.03%
- Sep 10, 2026
- —
As of Sep 1, 2026
Upcoming catalysts
- Ex-dividend date
As of Sep 1, 2026
Latest news
As of Sep 1, 2026
MonkeyTrade's Take on CNOOC Ltd.
Short-term outlook
The short-term setup leans bullish: MACD is positive, price sits above both the 50-day (HK$23.17) and 200-day (HK$23.97) averages, and the stock is already up 6.2% over the past month. RSI at 63.2 is neutral, leaving room to run before overbought territory. A clear break above HK$26.50 resistance would confirm the upside continuing, while a slip back to HK$25.07 support would put the bullish read in question. No earnings date is currently flagged as a near-term catalyst.
Medium-term outlook
CNOOC's combination of a low 8.48 P/E, 25.6% revenue growth, a chunky 31.9% profit margin and a 5.0% dividend yield points to a business generating strong cash returns while still priced cheaply, and the bullish technical lean backs up the case for further upside over the coming quarters. The main risk to this view would be a reversal in revenue growth or margins, which would undercut the cheap-valuation argument.
Key risks
- Oil price swings remain the biggest wrench in the works for CNOOC, since weaker crude markets and a soft Asian stock outlook tied to oil could squeeze revenue and margins despite the recent 25.6% growth.
- The sector faces geopolitical and sanctions-related scrutiny, as seen with Hengli's alleged Iran-linked purchases, and CNOOC's Chinese energy peers could draw similar regulatory or reputational attention.
- Diversification into new areas like floating wind turbines signals a strategic pivot, but capital allocated to unproven ventures like this carries execution risk without guaranteed returns.
- The stock's wide 52-week range, from HK$18.02 to HK$30.31, shows it can move sharply, so the current HK$25.30 level sits well
About CNOOC Ltd.
CNOOC Ltd. is one of China's major oil and gas producers, focused on the exploration and production side of the energy business rather than refining or retail. Listed on the Hong Kong Stock Exchange within the Energy sector, the company sits in the Oil & Gas E&P industry, where its scale and asset base give it a solid footing among regional producers. With a market capitalisation of HK$1.21T, it ranks as a significant player in the Hong Kong market.
CNOOC's key figures point to a company trading at a modest valuation relative to its earnings, with a price-to-earnings ratio of 8.48. Its dividend yield of +5.0% reflects a meaningful cash return to shareholders, a factor often associated with established energy producers generating steady operating cash flow from their production activities.
How to trade CNOOC Ltd.
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