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CNOOC is China’s main offshore oil and gas exploration and production company. Through its parent company, it has exclusive rights to partner with foreign companies in offshore China projects. Net production for 2024 reached 726.8 million barrels of oil equivalent (78.0% oil), and year-end proven reserves were 7.27 billion barrels of oil equivalent. Assets outside China make up around 32.2% of production.
1999
20.0K+
LTM Revenue $62.4B
LTM EBITDA $38.9B
$90.6B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
CNOOC has a last 12-month revenue of $62.4B and a last 12-month EBITDA of $38.9B.
In the most recent fiscal year, CNOOC achieved revenue of $54.8B and an EBITDA of $35.0B.
CNOOC expects next 12-month revenue of XXX and NTM EBITDA of XXX
See CNOOC valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $54.2B | $54.8B | XXX | XXX | XXX |
| Gross Profit | $35.7B | $34.0B | XXX | XXX | XXX |
| Gross Margin | 66% | 62% | XXX | XXX | XXX |
| EBITDA | $32.0B | $35.0B | XXX | XXX | XXX |
| EBITDA Margin | 59% | 64% | XXX | XXX | XXX |
| Net Profit | $18.2B | $15.9B | XXX | XXX | XXX |
| Net Margin | 34% | 29% | XXX | XXX | XXX |
| Net Debt | $5.2B | n/a | XXX | XXX | XXX |
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As of April 15, 2025, CNOOC's stock price is HKD 17 (or $2).
CNOOC has current market cap of HKD 820B (or $105B), and EV of HKD 705B (or $90.6B).
See CNOOC trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $90.6B | $105B | XXX | XXX | XXX | XXX | $0.40 |
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Sign UpAs of April 15, 2025, CNOOC has market cap of $105B and EV of $90.6B.
CNOOC's trades at 1.6x LTM EV/Revenue multiple, and 2.5x LTM EBITDA.
Analysts estimate CNOOC's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for CNOOC and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $90.6B | XXX | XXX | XXX |
| EV/Revenue | 1.7x | XXX | XXX | XXX |
| EV/EBITDA | 2.6x | XXX | XXX | XXX |
| P/E | 5.9x | XXX | XXX | XXX |
| P/E/Growth | 1.2x | XXX | XXX | XXX |
| EV/FCF | 7.2x | XXX | XXX | XXX |
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Sign UpCNOOC's NTM/LTM revenue growth is 2%
CNOOC's revenue per employee for the last fiscal year averaged $2.7M, while opex per employee averaged $0.6M for the same period.
Over next 12 months, CNOOC's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate CNOOC's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for CNOOC and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 64% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 66% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $2.7M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.6M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 3% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 22% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNOC Drilling Company | XXX | XXX | XXX | XXX | XXX | XXX |
| ADNOC Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| Dana Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| TAQA | XXX | XXX | XXX | XXX | XXX | XXX |
| AGL Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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CNOOC acquired XXX companies to date.
Last acquisition by CNOOC was XXXXXXXX, XXXXX XXXXX XXXXXX . CNOOC acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was CNOOC founded? | CNOOC was founded in 1999. |
| Where is CNOOC headquartered? | CNOOC is headquartered in Hong Kong. |
| How many employees does CNOOC have? | As of today, CNOOC has 20.0K+ employees. |
| Who is the CEO of CNOOC? | CNOOC's CEO is Mr. Xinhuai Zhou. |
| Is CNOOC publicy listed? | Yes, CNOOC is a public company listed on HKG. |
| What is the stock symbol of CNOOC? | CNOOC trades under 00883 ticker. |
| When did CNOOC go public? | CNOOC went public in 2001. |
| Who are competitors of CNOOC? | Similar companies to CNOOC include e.g. ADNOC Drilling Company, ADNOC Gas, Dana Gas, TAQA. |
| What is the current market cap of CNOOC? | CNOOC's current market cap is $105B |
| What is the current revenue of CNOOC? | CNOOC's last 12-month revenue is $62.4B. |
| What is the current EBITDA of CNOOC? | CNOOC's last 12-month EBITDA is $38.9B. |
| What is the current EV/Revenue multiple of CNOOC? | Current revenue multiple of CNOOC is 1.6x. |
| What is the current EV/EBITDA multiple of CNOOC? | Current EBITDA multiple of CNOOC is 2.5x. |
| What is the current revenue growth of CNOOC? | CNOOC revenue growth between 2023 and 2024 was 1%. |
| Is CNOOC profitable? | Yes, CNOOC is EBITDA-positive (as of the last 12 months). |
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