CNOOC Limited

CNOOC Limitedverified

600938.SS

Price:

$27.79

Market Cap:

$876.95B

CNOOC Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas. It operates through, E&P and Trading Business segments. The company produces offshore crude oil and natural gas primarily in Bohai, the Western South China Sea, the Eastern South China Sea, and the East China Sea in offshore China. It also holds interests in various oil and gas assets in Asia, Africa, North America, South America, Oceania, and Europe. In addition, the company is involved in the sales and trading of petroleum and natural gas; oil sands exploration, development, and production; and exploration, development, and production of unconventional n...[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

2022-04-21

Stock Exchange

SHH

Ticker

600938.SS

The ROE as of December 2025 (TTM) for CNOOC Limited (600938.SS) is 16.65%

According to CNOOC Limited’s latest financial reports and current stock price. The company's current ROE is 16.65%. This represents a change of 80.84% compared to the average of 9.21% of the last 4 quarters.

CNOOC Limited (600938.SS) Historical ROE (quarterly & annually)

How has 600938.SS ROE performed in the past?

The mean historical ROE of CNOOC Limited over the last ten years is 11.92%. The current 16.65% ROE has changed 39.71% with respect to the historical average. Over the past ten years (40 quarters), 600938.SS's ROE was at its highest in in the January 2009 quarter at 51.02%. The ROE was at its lowest in in the June 2016 quarter at -2.09%.

Quarterly (TTM)
Annual

Average

11.92%

Median

13.08%

Minimum

0.17%

Maximum

23.73%

CNOOC Limited (600938.SS) ROE by Quarter and Year

Discovering the peaks and valleys of CNOOC Limited ROE, 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 = 3.80%

Maximum Annual ROE = 23.73%

Minimum Annual Increase = -96.82%

Minimum Annual ROE = 0.17%

Quarterly (TTM)
Annual
YearROEChange
202418.45%-0.68%
202318.58%-21.70%
202223.73%62.27%
202114.62%154.12%
20205.75%-57.75%
201913.62%8.55%
201812.55%93.21%
20176.49%3.80%
20160.17%-96.82%
20155.24%-66.93%

CNOOC Limited (600938.SS) Average ROE

How has 600938.SS ROE performed in the past?

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

3-year avg

20.25%

5-year avg

16.23%

10-year avg

11.92%

CNOOC Limited (600938.SS) ROE vs. Peers

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

CNOOC Limited’s ROE is less than China Shenhua Energy Company Limited (13.60%), less than China Petroleum & Chemical Corporation (4.33%), less than PetroChina Company Limited (10.23%), less than Shandong Xinchao Energy Corporation Limited (7.44%), less than CNOOC Energy Technology & Services Limited (13.75%), less than Offshore Oil Engineering Co.,Ltd (7.59%), less than Geo-Jade Petroleum Corporation (5.00%), less than China Merchants Energy Shipping Co., Ltd. (12.45%), less than Nanjing Tanker Corporation (10.82%), less than Zhongman Petroleum and Natural Gas Group Corp., Ltd. (12.17%),

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