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 Oct 16, 2026
Summary
CNOOC Ltd. is a major Chinese offshore oil and gas producer listed on the Hong Kong exchange. The stock is trading at HK$23.96 with a bullish technical bias, though it has pulled back 1.6% over the past month; however, it has gained 37.5% over the past year, reflecting broader energy sector strength.
Price history
As of Oct 16, 2026
Performance
-0.99%
+0.25%
-1.64%
+4.16%
+19.45%
+37.53%
As of Oct 16, 2026
Technical indicators
- 50.6
- 0.05Bullish
- 50: 23.85 · 200: 23.69Bullish
- HK$23.71 / HK$24.14
Technical Bias
Bullish lean
CNOOC Ltd. is trading at HK$23.96, positioned between support at HK$23.71 and resistance at HK$24.14. The technical picture leans bullish: the 50-day moving average sits above the 200-day, and MACD momentum is positive, whilst RSI sits neutrally at 50.6. This is a derived technical read, not a recommendation.
A transparent read of the indicators below — not a prediction or recommendation.
As of Oct 16, 2026
Fundamentals
- HK$1.14T
- 7.35
- HK$2.92
- 31.94%
- +25.6%
- HK$96.9B
- 0.38
- HK$17.59 – HK$29.17
- 6.16%
- Sep 10, 2026
- Mar 25, 2027 (158 days)
As of Oct 18, 2026
Upcoming catalysts
- Earnings report
As of Oct 18, 2026
Latest news
As of Oct 18, 2026
MonkeyTrade's Take on CNOOC Ltd.
Short-term outlook
The short-term setup leans mildly bullish for CNOOC: MACD has turned positive and price sits above both its 50-day (HK$23.85) and 200-day (HK$23.69) averages, though RSI at 50.6 shows no strong momentum either way. A push through HK$24.14 resistance would confirm the tilt, while a slip below HK$23.71 support would undercut it. With earnings not due until March 2027, there's no near-term catalyst to disrupt this technical picture.
Medium-term outlook
CNOOC's numbers make a strong case over the next few quarters: a 7.35 P/E alongside 25.6% revenue growth and a hefty 31.9% profit margin suggests the market still isn't paying up for this kind of profitability, while the 6.2% dividend yield rewards patience. With the technical lean also bullish, the balance tilts constructively. A slowdown in that revenue growth pace would be the signal to revisit this view.
Key risks
- CNOOC's earnings are tied to oil and gas prices, so any downturn in global energy markets could weigh on profit margins despite the current 31.9% level.
- The company's push to boost reserves and output in the second half signals higher capital spending ahead, which carries execution risk if production targets aren't met.
- The stock trades well below its 52-week high of HK$29.17, now at HK$23.96, showing it can swing sharply within a wide range.
- High dividend yield stocks in the sector can see payouts pressured if cash flows soften, so income-focused holders should watch for any change in distribution policy.
About CNOOC Ltd.
CNOOC Ltd. is one of China's major players in the oil and gas industry, focused on the exploration and production side of the energy business. Listed on the Hong Kong Stock Exchange under the ticker 0883, the company sits within the broader Energy sector and carries a market capitalisation of HK$1.14 trillion, reflecting its scale as a heavyweight producer in the region's upstream oil and gas market.
Looking at the numbers, CNOOC trades on a price-to-earnings ratio of 7.35, a level that points to a relatively modest valuation compared to earnings generated. The dividend yield of +6.2% stands out as a notable feature for income-focused investors, indicating that the company returns a significant portion of its earnings to shareholders. Together, these figures paint a picture of a well-established energy producer with a cost profile and payout policy that keep it firmly on the radar of investors tracking the Oil & Gas E&P space.
How to trade CNOOC Ltd.
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