CNOOC stock reports 23.4 percent profit growth
Published on 09/29/2026 at 14:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
CNOOC stock is backed by first-half 2026 net profit of RMB 85.8 billion, up 23.4 percent year over year. The result, reported on September 8, 2026, came with revenue of RMB 242.7 billion, an increase of 16.9 percent, according to Moomoo.
Profit growth leads the results
The earnings expansion was accompanied by higher operating cash flow. CNOOC generated RMB 141.6 billion in net cash from operating activities during the first half, up 29.7 percent from the same period a year earlier, according to Quartr.
Net oil and gas production reached 398.7 million barrels of oil equivalent, rising 3.7 percent year over year. The figure gives the results an operating dimension beyond the benefit of higher realized energy prices, with production growth adding to the revenue base.
Production target sets the next test
CNOOC's 2026 production target is 780-800 million BOE, while its capital expenditure budget is RMB 112-122 billion, Quartr reports from the company's Q2 materials. That range makes reserve replacement and project execution central to the second-half assessment.
The company also reported four new discoveries in Chinese waters, five projects commissioned during the first half and three overseas exploration blocks acquired. These additions support the production plan, but they also leave investors watching capital discipline as spending rises alongside expansion.
Dividend increases shareholder return
CNOOC declared an interim dividend of HKD 0.94 per share for the first half of 2026, up 28.8 percent year over year, according to Quartr. The payment schedule lists October 16, 2026 as the payable date, while the September 10, 2026 ex-dividend date has already passed.
CNOOC Ltd. stock facts
- Company: CNOOC Limited
- ISIN: HK0883013259
- Ticker: 883
- Primary exchange: Hong Kong Stock Exchange
- Sector / Industry: Energy / Integrated oil and gas
