CNOOC

600938 · SSE · CNY

¥33.42Change from previous close: +0.18%Absolute change: +¥0.06

Close · September 30, 2026

Valuation

Data as of October 2, 2026

Valuation multiples

Market cap
¥1.59T
Enterprise value
¥1.33T
P/E (trailing 12 months)
11.4
Forward P/E
11.1
Price/book
1.86
Price/sales
3.67
EV/EBITDA
5.00
EV/revenue
3.08

Profitability and growth

Gross margin
75.9%
Operating margin
48.1%
Net margin
31.9%
ROE
16.8%
ROA
10.0%
Revenue growth (year over year)
25.6%
Earnings growth (year over year)
42.9%

Financial health

Total cash
¥326.27B
Total debt
¥68.09B
Debt/equity
0.08
Current ratio
2.80
Quick ratio
2.68

Dividends

Annual dividend per share
¥1.14
Dividend yield
3.4%
Payout ratio
43.5%
Ex-dividend date
July 10, 2026

Analysts and estimates

Average price target
¥40.11
Median price target
¥43.00
High price target
¥48.80
Low price target
¥20.20
Number of analysts
10
Consensus
Buy
Forward EPS
¥3.02
EPS estimate, current year
¥3.39

Shares and trading

Beta
0.32
Average volume
52.91M
Shares outstanding
2.99B
Float
17.18B
Institutional ownership
15.7%
Insider ownership
25.2%