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 Jul 17, 2026
Executive summary
CNOOC Ltd. is China's dominant offshore oil and gas producer, listed on the Hong Kong exchange. The stock trades at HK$22.72 with a bullish technical lean, though it has retreated 3.6% over the past month and is down 0.7% today. Over the full year the stock has gained 32.4%, supported by elevated oil prices and the company's commanding market position valued at HK$1.08 trillion.
Price history
As of Jul 17, 2026
Performance
-0.70%
+4.12%
-3.65%
-11.44%
+9.01%
+32.37%
As of Jul 17, 2026
Technical indicators
- 49.6
- 0.36Bullish
- 50: 24.22 · 200: 23.16
- HK$19.92 / HK$27.03
Technical Bias
Bullish lean
CNOOC Ltd. is trading at HK$22.72, positioned between support at HK$19.92 and resistance at HK$27.03. The technical indicators show mixed signals: RSI sits at 49.6 (neutral), MACD reads 0.36 (bullish), and the 50-day moving average at 24.22 sits above the 200-day at 23.16 (neutral). Collectively, this technical read leans bullish, though momentum remains tempered. This is a derived technical assessment, not investment advice.
A transparent read of the indicators below — not a prediction or recommendation.
As of Jul 17, 2026
Fundamentals
- HK$1.08T
- 7.65
- HK$2.62
- 30.60%
- +8.6%
- HK$96.9B
- 0.3
- HK$17.28 – HK$30.31
- 5.59%
- Jun 11, 2026
- Aug 26, 2026 (38 days)
As of Jul 18, 2026
Upcoming catalysts
- Earnings report
As of Jul 18, 2026
Latest news
As of Jul 18, 2026
Short-term outlook
CNOOC's technical picture is mixed heading into the coming weeks: RSI at 49.6 sits squarely neutral, though MACD's bullish reading offers a modest counterpoint to the recent 1-month dip of -3.6%. With the 50-day average (HK$24.22) above the 200-day (HK$23.16), the broader trend still leans constructive. Watch how price behaves between support at HK$19.92 and resistance at HK$27.03, well ahead of earnings on Aug 26, 2026.
Medium-term outlook
CNOOC's fundamentals remain solid, with revenue growing 8.6% year-on-year, a healthy 30.6% profit margin and a dividend yield of 5.6%, all while trading on a modest price-to-earnings ratio of 7.65. The technical setup leans bullish over the coming quarters, suggesting the market may be warming to this combination of growth, profitability and income, though valuation and payout levels will be worth watching for consistency.
Key risks
- As an oil and gas producer, CNOOC's earnings are closely tied to global crude prices, so any downturn in oil markets could weigh on future profits despite the recent Q1 boost from higher prices.
- The stock trades well below its 52-week high of HK$30.31 at HK$22.72, showing it has already pulled back meaningfully from its range.
- Operating primarily in China's energy sector exposes the company to domestic regulatory and policy shifts that can affect production quotas, pricing, or investment plans.
- Revenue growth of 8.6% year-on-year is respectable but leaves limited room for error if oil prices soften, given how central they are to the company's profit margin of 30.6%.
About CNOOC Ltd.
CNOOC Ltd. is one of China's largest producers of offshore crude oil and natural gas, engaged in the exploration, development and production of oil and gas resources. Listed on the HKEX under ticker 0883, the company sits within the Energy sector, specifically the Oil & Gas E&P industry, and holds a market capitalisation of HK$1.08T, reflecting its scale as a major player in China's energy supply chain.
The company's key figures point to a business valued conservatively relative to its earnings, with a price-to-earnings ratio of 7.65, and one that returns a notable portion of profit to shareholders, shown by a dividend yield of +5.6%. Together, these numbers offer a snapshot of how the market currently prices CNOOC's earnings power and income potential within the broader oil and gas exploration and production space.
AI-assisted research for informational purposes only — not investment advice. Figures are sourced from third-party market data and may be delayed. Do your own research before trading. Your capital is at risk.