CNOOC stock posts 23.4 percent first-half profit growth

Published on 10/05/2026 at 19:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CNOOC stock was last at HKD 23.42 on October 5, 2026, down 0.43 percent on the Hong Kong Stock Exchange. First-half revenue reached CNY 242.66 billion and production hit 398.7 million BOE.

CNOOC Ltd., HK0883013259, Illustration mit AI erstellt.

CNOOC Ltd. (ISIN HK0883013259) was last at HKD 23.42 on the Hong Kong Stock Exchange on October 5, 2026, down 0.43 percent from the prior close of HKD 23.52. The company entered the second half of 2026 after reporting higher revenue, profit and production for the six months ended June 30.

Half-year profit outpaces revenue

According to FilingReader on September 8, 2026, CNOOC reported first-half revenue of CNY 242.66 billion, up 16.9 percent year over year. Net profit attributable to equity shareholders rose 23.4 percent to CNY 85.818 billion, giving profit growth a faster pace than revenue growth.

Operating cash flow reached CNY 141.631 billion in the first half, an increase of 29.7 percent, while capital expenditure totaled CNY 61.993 billion, according to FilingReader.

Production reaches 398.7 million BOE

CNOOC produced 398.7 million barrels of oil equivalent in the first half, up 3.7 percent year over year. Domestic production contributed 275.2 million BOE and overseas output added 123.6 million BOE, with the company reporting an all-in cost of USD 29.7 per BOE.

The board also declared an interim dividend of HKD 0.94 per share for the first half. The payout gives the earnings report a direct shareholder return component while production growth provides the operating measure behind the revenue increase.

Consensus target stays above market price

Investing.com lists a Buy consensus from 16 analysts, with an average 12-month price target of HKD 31.67, a high of HKD 42.5292603 and a low of HKD 17.5292603. The average target lies 35.2 percent above the HKD 23.42 reference price, making the gap a key valuation variable rather than a new company forecast.

The next earnings date listed by Investing.com is October 31, 2026. Until then, the market has three measurable reference points: first-half profit growth of 23.4 percent, production growth of 3.7 percent and the interim dividend of HKD 0.94.

Stock remains below yearly high

CNOOC was last at HKD 23.42 at 4:08 p.m. HKT on October 5, 2026, with a session range of HKD 23.28 to HKD 23.52. Its 52-week range is HKD 18.42 to HKD 30.98, placing the share 24.4 percent below the yearly high.