vested
CNOOC Expects Interim NP to Leap About 1.12-1.18x YoY
CNOOC (00883.HK) announced that, under the Chinese Accounting Standards for Business Enterprises, the net profit attributable to equity shareholders of the Company for the first half of 2022 is estimated to be between RMB70.5 billion and RMB72.5 billion, representing an increase between approximately 112% and 118% as compared with the corresponding period of 2021.
Source: AAStocks Financial News
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CNOOC 0883
Re: CNOOC 0883
by winston » Fri Jul 15, 2022 9:08 am
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: CNOOC 0883
by winston » Thu Mar 30, 2023 4:36 pm
not vested
CICC Lifts CNOOC (00883.HK) TP to $14, Rating Outperform
CNOOC (00883.HK) reported a net profit of RMB141.7 billion last year, up 101.5% YoY, setting an all-time high and aligning with CICC forecast, which attributed this to higher oil prices and impressive cost control.
The company promised an annual dividend payout ratio of no less than 40% from 2022 to 2024, with an absolute value of dividend of HKD33.3 billion at the lower end. This showed a stronger dividend guarantee of CNOOC, in CICC view.
Related News: C Suisse: CNOOC (00883.HK) 2022 Results In-line, but Payout Ratio Misses
As the volatility of crude oil subsides and remains high this year, this will enhance the certainty and continuity of dividends, and the dividend payout ratio is also expected to heighten YoY.
The company disclosed that it had repurchased in an amount of about RMB 623 million last year. The broker assumed that the company is still likely to scale up the repurchase of H shares at the right time.
The TP on CNOOC H shares was lifted by 22% to HKD14, with rating Outperform.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... t-news/HK6
CICC Lifts CNOOC (00883.HK) TP to $14, Rating Outperform
CNOOC (00883.HK) reported a net profit of RMB141.7 billion last year, up 101.5% YoY, setting an all-time high and aligning with CICC forecast, which attributed this to higher oil prices and impressive cost control.
The company promised an annual dividend payout ratio of no less than 40% from 2022 to 2024, with an absolute value of dividend of HKD33.3 billion at the lower end. This showed a stronger dividend guarantee of CNOOC, in CICC view.
Related News: C Suisse: CNOOC (00883.HK) 2022 Results In-line, but Payout Ratio Misses
As the volatility of crude oil subsides and remains high this year, this will enhance the certainty and continuity of dividends, and the dividend payout ratio is also expected to heighten YoY.
The company disclosed that it had repurchased in an amount of about RMB 623 million last year. The broker assumed that the company is still likely to scale up the repurchase of H shares at the right time.
The TP on CNOOC H shares was lifted by 22% to HKD14, with rating Outperform.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... t-news/HK6
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: CNOOC 0883
by winston » Wed Sep 11, 2024 11:17 am
not vested
Aug 29, 2024
Broker│Opinion
Huatai Securities│Oil and gas production hit a new record high, cost reduction was effective
UBS│Interim oil and gas production rose 9.3% YoY, earnings broadly in line
Goldman Sachs│2Q production and realised oil prices beat, Buy rating maintained
Morgan Stanley│Interim results in line, dividend payout ratio kept at 40%
JPMorgan│2Q results in line
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
Aug 29, 2024
Broker│Opinion
Huatai Securities│Oil and gas production hit a new record high, cost reduction was effective
UBS│Interim oil and gas production rose 9.3% YoY, earnings broadly in line
Goldman Sachs│2Q production and realised oil prices beat, Buy rating maintained
Morgan Stanley│Interim results in line, dividend payout ratio kept at 40%
JPMorgan│2Q results in line
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 114229
- Joined: Wed May 07, 2008 9:28 am
Re: CNOOC 0883
by winston » Wed Sep 11, 2024 12:00 pm
vested
<Results>CNOOC Interim NP RMB79.731B, Up 25%; Interim DPS Hikes to $0.74
2024/08/28
CNOOC (00883.HK) has announced its interim results for the six months ended 30 June 2024.
Its turnover amounted to RMB226.77 billion, up 18.1% YoY, while its net profit surged 25% YoY to RMB79.731 billion.
EPS stood at RMB1.68.
An interim dividend of HK74 cents was declared, a record high for the same period in history, compared to HK59 cents paid in the same period last year.
During the period, the company achieved a total net oil and gas production of 363 million barrels of oil equivalent (BOE), representing a YoY increase of 9.3%, and the oil and gas production from both China and overseas delivered the best ever results.
Additionally, major new projects such as “Shenhai-1” Phase II and Mero3 Project in Brazil progressed smoothly.
Revenue from oil and gas sales increased by 22% to RMB185.11 billion. The all-in cost of a barrel of oil was US$27.75 per BOE.
Source: AAstocks.com
<Results>CNOOC Interim NP RMB79.731B, Up 25%; Interim DPS Hikes to $0.74
2024/08/28
CNOOC (00883.HK) has announced its interim results for the six months ended 30 June 2024.
Its turnover amounted to RMB226.77 billion, up 18.1% YoY, while its net profit surged 25% YoY to RMB79.731 billion.
EPS stood at RMB1.68.
An interim dividend of HK74 cents was declared, a record high for the same period in history, compared to HK59 cents paid in the same period last year.
During the period, the company achieved a total net oil and gas production of 363 million barrels of oil equivalent (BOE), representing a YoY increase of 9.3%, and the oil and gas production from both China and overseas delivered the best ever results.
Additionally, major new projects such as “Shenhai-1” Phase II and Mero3 Project in Brazil progressed smoothly.
Revenue from oil and gas sales increased by 22% to RMB185.11 billion. The all-in cost of a barrel of oil was US$27.75 per BOE.
Source: AAstocks.com
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: CNOOC 0883
by winston » Tue Nov 26, 2024 9:20 am
not vested
CNOOC Ltd (883 HK)
Recommendation : BUY
Fair Value : HKD 23.44
STEADFAST COMMITMENT TO GROWTH AND EFFICIENCY
• Outperforming peers and the market with total returns of 44% year-to-date (YTD), after total returns of 62% in 2022 and 45% in 2023
• Not just a pure proxy to oil price – Brent crude has corrected about 3% YTD
• Steady execution with strong production growth and good cost control
CNOOC Ltd is the largest producer of offshore crude oil and natural gas in China and one of the largest pure play oil and gas exploration as well as production companies in the world.
Its earnings fluctuate with oil and gas prices, though the company has been focusing on cost control and organic growth in recent years.
The group’s good cost control is one of CNOOC’s key competitive strengths to create shareholders’ value.
Going forward, we expect continued production growth as energy security remains a key concern for China.
Source: OCBC
CNOOC Ltd (883 HK)
Recommendation : BUY
Fair Value : HKD 23.44
STEADFAST COMMITMENT TO GROWTH AND EFFICIENCY
• Outperforming peers and the market with total returns of 44% year-to-date (YTD), after total returns of 62% in 2022 and 45% in 2023
• Not just a pure proxy to oil price – Brent crude has corrected about 3% YTD
• Steady execution with strong production growth and good cost control
CNOOC Ltd is the largest producer of offshore crude oil and natural gas in China and one of the largest pure play oil and gas exploration as well as production companies in the world.
Its earnings fluctuate with oil and gas prices, though the company has been focusing on cost control and organic growth in recent years.
The group’s good cost control is one of CNOOC’s key competitive strengths to create shareholders’ value.
Going forward, we expect continued production growth as energy security remains a key concern for China.
Source: OCBC
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: CNOOC 0883
by winston » Mon Mar 02, 2026 8:33 am
not vested
<Research>JPM Downgrades CNOOC to Neutral, Trims EPS Forecast
Feb 11, 2026
JPMorgan issued a report downgrading CNOOC (00883.HK) 's rating to Neutral as its stock price had surpassed the broker's target price.
In addition, JPMorgan, while considering CNOOC's current valuation reasonable, has adjusted its oil stock preferences: PETROCHINA (00857.HK) > SINOPEC CORP (00386.HK) > CNOOC.
JPMorgan has lowered its 2026-27 EPS forecasts for CNOOC by 7-9% to reflect the weaker US dollar. CNOOC's target price remains at HKD23.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
<Research>JPM Downgrades CNOOC to Neutral, Trims EPS Forecast
Feb 11, 2026
JPMorgan issued a report downgrading CNOOC (00883.HK) 's rating to Neutral as its stock price had surpassed the broker's target price.
In addition, JPMorgan, while considering CNOOC's current valuation reasonable, has adjusted its oil stock preferences: PETROCHINA (00857.HK) > SINOPEC CORP (00386.HK) > CNOOC.
JPMorgan has lowered its 2026-27 EPS forecasts for CNOOC by 7-9% to reflect the weaker US dollar. CNOOC's target price remains at HKD23.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: CNOOC 0883
by winston » Fri Mar 27, 2026 9:28 am
not vested
China's Cnooc 2025 net profit fell 11.5 percent despite record oil and gas production
Source: The Standard
https://www.thestandard.com.hk/finance/article/327804/
China's Cnooc 2025 net profit fell 11.5 percent despite record oil and gas production
CNOOC's oil and gas output rose 7 percent to a record of 777.3 million barrels of oil equivalent (boe).
The company's 2025 proven reserves rose 6.9 percent from a year earlier to 7.77 billion boe.
Revenue from crude oil sales totalled 279.8 billion yuan in 2025, down 9.1 percent from a year earlier, with realised prices down 13.4 percent to US$66.47 per barrel.
Source: The Standard
https://www.thestandard.com.hk/finance/article/327804/
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Re: CNOOC 0883
by winston » Tue Mar 31, 2026 10:27 am
<Research>Citi: CNOOC (00883.HK) 2025 Earnings Miss; TP at HKD24
2026/03/27
CNOOC (00883.HK) notched a net profit decline of 11% YoY to RMB122 billion in 2025, 6% below street consensus, Citi said in its report.
This was primarily due to a 14% drop in Brent oil price and an investment loss of RMB943 million.
The company declared a final DPS of HKD0.55, with a total annual DPS of HKD1.28, maintaining a payout ratio of 45%.
However, the total annual DPS was disappointing as it was lower than the HKD1.4 in 2024.
Management expected the payout ratio to remain at no less than 45% for 2026-27.
Related News: UBS Raises CNOOC (00883.HK) TP to HKD37.8, Maintains 'Buy' Rating
The broker set a target price of HKD24 for CNOOC, with a Buy rating.
Source: AASTOCKS Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
2026/03/27
CNOOC (00883.HK) notched a net profit decline of 11% YoY to RMB122 billion in 2025, 6% below street consensus, Citi said in its report.
This was primarily due to a 14% drop in Brent oil price and an investment loss of RMB943 million.
The company declared a final DPS of HKD0.55, with a total annual DPS of HKD1.28, maintaining a payout ratio of 45%.
However, the total annual DPS was disappointing as it was lower than the HKD1.4 in 2024.
Management expected the payout ratio to remain at no less than 45% for 2026-27.
Related News: UBS Raises CNOOC (00883.HK) TP to HKD37.8, Maintains 'Buy' Rating
The broker set a target price of HKD24 for CNOOC, with a Buy rating.
Source: AASTOCKS Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: CNOOC 0883
by winston » Tue Mar 31, 2026 10:30 am
not vested
<Research>UBS Keeps Buy on CNOOC, Lifts TP to HKD37.8
According to a report from UBS, CNOOC (00883.HK) 's 2025 revenue and net profit dropped by 5.3% and 11.5% YoY, largely in line with the broker's expectations.
CNOOC's 4Q25 net profit fell by 5.5% YoY or 38% QoQ, mainly reflecting the oil price pullback during the period and the recognition of asset impairment losses.
Related News - Citi: CNOOC (00883.HK) Last Year's Net Profit and Dividend Below Expectations, Maintains 'Buy' Rating
UBS has lifted its target price for CNOOC from HKD33.6 to HKD37.8, with a Buy rating remaining in place.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
<Research>UBS Keeps Buy on CNOOC, Lifts TP to HKD37.8
According to a report from UBS, CNOOC (00883.HK) 's 2025 revenue and net profit dropped by 5.3% and 11.5% YoY, largely in line with the broker's expectations.
CNOOC's 4Q25 net profit fell by 5.5% YoY or 38% QoQ, mainly reflecting the oil price pullback during the period and the recognition of asset impairment losses.
Related News - Citi: CNOOC (00883.HK) Last Year's Net Profit and Dividend Below Expectations, Maintains 'Buy' Rating
UBS has lifted its target price for CNOOC from HKD33.6 to HKD37.8, with a Buy rating remaining in place.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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