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CN
National Oil Company
Upstream
HKEX: 0883
CNOOC
Beijing, China · Established 1999 · Profile updated July 1, 2026
Official website ↗Auditor Executive Assessment
Prepared by the Asian Oil Intelligence Desk · Institutional due-diligence memorandum
China National Offshore Oil Corporation (CNOOC) Limited is China's dominant offshore oil and gas producer, operating Bohai Bay, South China Sea, and international assets including Guyana Stabroek stake, Brazil pre-salt, and Nigeria. Production exceeds 1.6 mbpd oil equivalent.
FY2024 revenue approximated $55 billion with net income near $15 billion, among the highest margins of global NOCs due to offshore focus. Guyana Stabroek 25% stake is a transformational growth asset. LNG receiving terminal...
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