CNOOC extends share purchases as CNOOC stock stays below HKD 30.98
Published on 10/09/2026 at 11:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- CNOOC Group had accumulated 31.812 million H shares by October 8, 2026, while its purchase plan continued.
- CNOOC stock was HKD 23.90 on October 9, 2026, 22.85 percent below its HKD 30.98 52-week high.
- First-half 2026 net production reached 398.7 million BOE, up 3.70 percent year over year.
- The company reported first-half net income of RMB 85.8 billion and approved a HKD 0.94 interim dividend.
CNOOC Ltd. (ISIN HK0883013259) was trading at HKD 23.90 on the Hong Kong Stock Exchange on October 9, 2026, 22.85 percent below its 52-week high of HKD 30.98. As Zhitong Finance reported on October 8, 2026, CNOOC Group had accumulated 31.812 million H shares under its ongoing purchase plan and intended to continue buying.
Share purchases continue into October
The October 8 update said CNOOC Group had also accumulated 3.8921 million A shares, taking total investment under the plan to RMB 130 million for A shares and RMB 522 million for H shares. The plan runs through April 8, 2027, with a total intended purchase value of RMB 300 million to RMB 500 million.
The figures show continued support from the controlling shareholder, but the same update said the amount acquired remained below 50 percent of the lower bound of the planned range. Volatile crude oil prices and geopolitical developments were cited as factors affecting the pace of purchases.
Three operating milestones in 2026
On August 26, 2026, CNOOC reported first-half net production of 398.7 million barrels of oil equivalent, up 3.70 percent from the prior-year period. Borse Global also reported first-half oil and gas sales revenue of RMB 206.1 billion, up 20.00 percent, and net income of RMB 85.8 billion, up 23.40 percent.
On September 11, 2026, CNOOC announced board and senior-management changes, including the appointment of Huo Jian as a non-executive director, according to 6ix. The October 8 share-purchase update is the latest of the three milestones.
What does the buying mean for valuation?
Investing.com listed an average 12-month analyst target of HKD 31.67 and 15 Buy ratings against one Sell rating for CNOOC on October 6, 2026. That target is a separate valuation reference from the HKD 23.90 market price and does not change the controlling shareholder's stated purchase plan.
Two dates shape the near-term calendar
Gelonghui reported that October 15, 2026, is the record date for CNOOC's RMB 0.81324 A-share interim dividend, while October 16, 2026, is the ex-dividend date. The Hong Kong interim dividend approved for the first half of 2026 was HKD 0.94 per share.
Stock remains below its yearly high
CNOOC stock was trading at HKD 23.90 on the Hong Kong Stock Exchange on October 9, 2026 at 4:08 p.m. HKT, down 0.58 percent from the prior close of HKD 24.04. Its market capitalization was HKD 1.1 trillion, and the 52-week range was HKD 18.42 to HKD 30.98 on the same quote snapshot.
Market context: Latest market reports.
CNOOC Ltd. stock facts
- Company: CNOOC Limited
- ISIN: HK0883013259
- Ticker: 0883
- Primary exchange: Hong Kong Stock Exchange
- Price Hong Kong Stock Exchange (as of October 9, 2026, 4:08 p.m. HKT): HKD 23.90
- Change versus prior close: minus 0.58 percent
- Prior close Hong Kong Stock Exchange (October 8, 2026): HKD 24.04
- Market capitalization: HKD 1.1 trillion (as of October 9, 2026)
- 52-week range: HKD 18.42-30.98 (as of October 9, 2026)
- Sector / Industry: Energy / Integrated Oil and Gas
More news and analyses on CNOOC stock are available through the CNOOC stock topic page.
