CNOOC Limited

CNOOC Limited - Current Ratioverified

600938.SS

Price:

$32.67

Market Cap:

$971.06B

CNOOC Limited, an investment holding firm, is primarily involved in the full spectrum of crude oil and natural gas operations, encompassing their discovery, development, production, and subsequent sale. The company organizes its activities into two core divisions: Exploration & Production (E&P) and Trading. Key offshore regions for its crude oil and natural gas output within China include Bohai, the Western and Eastern South China Sea, and the East China Sea. Beyond its domestic operations, CNOOC also holds stakes in diverse oil and gas ventures spanning Asia, Africa, North America, South America, Oceania, and Europe. Additionally, its business scope extends to the trading of petroleum and n...[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

2022-04-21

Stock Exchange

SHH

Ticker

600938.SS

The Current Ratio as of August 2026 (TTM) for CNOOC Limited (600938.SS) is 3.24

According to CNOOC Limited’s latest financial reports and current stock price. The company's current Current Ratio is 3.24. This represents a change of 34.69% compared to the average of 2.40 of the last 4 quarters.

CNOOC Limited (600938.SS) Historical Current Ratio (quarterly & annually)

How has 600938.SS Current Ratio performed in the past?

The mean historical Current Ratio of CNOOC Limited over the last ten years is 2.31. The current 3.24 Current Ratio has changed 13.90% with respect to the historical average. Over the past ten years (40 quarters), 600938.SS's Current Ratio was at its highest in in the December 2006 quarter at 3.31. The Current Ratio was at its lowest in in the December 2013 quarter at 1.14.

Quarterly (TTM)
Annual

Average

2.31

Median

2.24

Minimum

1.82

Maximum

3.24

CNOOC Limited (600938.SS) Current Ratio by Quarter and Year

Discovering the peaks and valleys of CNOOC Limited Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 45.42%

Maximum Annual Current Ratio = 3.24

Minimum Annual Increase = -13.49%

Minimum Annual Current Ratio = 1.82

Quarterly (TTM)
Annual
YearCurrent RatioChange
20253.2445.42%
20242.2310.23%
20232.02-13.49%
20222.335.44%
20212.211.41%
20202.18-3.28%
20192.26-12.45%
20182.5814.02%
20172.2624.28%
20161.829.48%

CNOOC Limited (600938.SS) Average Current Ratio

How has 600938.SS Current Ratio performed in the past?

The current Current Ratio of CNOOC Limited (600938.SS) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

2.49

5-year avg

2.41

10-year avg

2.31

CNOOC Limited (600938.SS) Current Ratio vs. Peers

How is 600938.SS’s Current Ratio compared to its peers?

CNOOC Limited’s Current Ratio is greater than China Shenhua Energy Company Limited (0.99), greater than China Petroleum & Chemical Corporation (0.82), greater than PetroChina Company Limited (1.13), greater than Shandong Xinchao Energy Corporation Limited (2.05), greater than CNOOC Energy Technology & Services Limited (1.75), greater than Offshore Oil Engineering Co.,Ltd (1.73), greater than Geo-Jade Petroleum Corporation (1.28), greater than China Merchants Energy Shipping Co., Ltd. (0.57), less than Nanjing Tanker Corporation Class A (6.00), greater than Zhongman Petroleum and Natural Gas Group Corp., Ltd. (1.00),

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