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CNOOC Valuation Multiples
Discover revenue and EBITDA valuation multiples for CNOOC and similar public comparables like TotalEnergies, Iberdrola, NextEra Energy, ConocoPhillips and more.
CNOOC Overview
About CNOOC
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.
Founded
1999
HQ
Employees
22.4K
Website
Sectors
Financials (LTM)
EV
$140B
CNOOC Financials
CNOOC reported last 12-month revenue of $60B and EBITDA of $37B.
In the same LTM period, CNOOC generated $30B in gross profit, $37B in EBITDA, and $19B in net income.
Revenue (LTM)
CNOOC P&L
In the most recent fiscal year, CNOOC reported revenue of $62B and EBITDA of $39B.
CNOOC expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $60B | XXX | $62B | XXX | XXX | XXX |
| Gross Profit | $30B | XXX | $42B | XXX | XXX | XXX |
| Gross Margin | 51% | XXX | 68% | XXX | XXX | XXX |
| EBITDA | $37B | XXX | $39B | XXX | XXX | XXX |
| EBITDA Margin | 62% | XXX | 64% | XXX | XXX | XXX |
| EBIT Margin | 43% | XXX | 45% | XXX | XXX | XXX |
| Net Profit | $19B | XXX | $20B | XXX | XXX | XXX |
| Net Margin | 32% | XXX | 32% | XXX | XXX | XXX |
| Net Debt | — | — | $6M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
CNOOC Stock Performance
CNOOC has current market cap of $169B, and enterprise value of $140B.
Market Cap Evolution
CNOOC's stock price is $3.56.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $140B | $169B | 0.0% | XXX | XXX | XXX | $0.42 |
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Start Free TrialCNOOC Valuation Multiples
CNOOC trades at 2.3x EV/Revenue multiple, and 3.8x EV/EBITDA.
EV / Revenue (LTM)
CNOOC Financial Valuation Multiples
As of March 22, 2026, CNOOC has market cap of $169B and EV of $140B.
Equity research analysts estimate CNOOC's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
CNOOC has a P/E ratio of 9.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $169B | XXX | $169B | XXX | XXX | XXX |
| EV (current) | $140B | XXX | $140B | XXX | XXX | XXX |
| EV/Revenue | 2.3x | XXX | 2.3x | XXX | XXX | XXX |
| EV/EBITDA | 3.8x | XXX | 3.6x | XXX | XXX | XXX |
| EV/EBIT | 5.5x | XXX | 5.0x | XXX | XXX | XXX |
| EV/Gross Profit | 4.6x | XXX | 3.4x | XXX | XXX | XXX |
| P/E | 9.0x | XXX | 8.5x | XXX | XXX | XXX |
| EV/FCF | 9.9x | XXX | 9.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified CNOOC Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
CNOOC Margins & Growth Rates
CNOOC's revenue in the last 12 month grew by 3%.
CNOOC's revenue per employee in the last FY averaged $2.7M.
CNOOC's rule of 40 is 65% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
CNOOC's rule of X is 70% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
CNOOC Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | (4%) | XXX | XXX | XXX |
| EBITDA Margin | 62% | XXX | 64% | XXX | XXX | XXX |
| EBITDA Growth | 2% | XXX | (7%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 65% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 70% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $2.7M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 1% | XXX | — | XXX | XXX | XXX |
| G&A Expenses to Revenue | 2% | XXX | 3% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | — | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 22% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
CNOOC Public Comps
See public comps and valuation multiples for other Energy Production and Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| TotalEnergies | XXX | XXX | XXX | XXX | XXX | XXX |
| Iberdrola | XXX | XXX | XXX | XXX | XXX | XXX |
| NextEra Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| ConocoPhillips | XXX | XXX | XXX | XXX | XXX | XXX |
| Reliance Industries | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
CNOOC M&A Activity
CNOOC acquired XXX companies to date.
Last acquisition by CNOOC was on XXXXXXXX, XXXXX. CNOOC acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by CNOOC
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCNOOC Investment Activity
CNOOC invested in XXX companies to date.
CNOOC made its latest investment on XXXXXXXX, XXXXX. CNOOC invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by CNOOC
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout CNOOC
| When was CNOOC founded? | CNOOC was founded in 1999. |
| Where is CNOOC headquartered? | CNOOC is headquartered in China. |
| How many employees does CNOOC have? | As of today, CNOOC has over 22K employees. |
| Who is the CEO of CNOOC? | CNOOC's CEO is Xinhuai Zhou. |
| Is CNOOC publicly listed? | Yes, CNOOC is a public company listed on HKEX. |
| 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? | CNOOC main competitors are TotalEnergies, Iberdrola, NextEra Energy, ConocoPhillips. |
| What is the current market cap of CNOOC? | CNOOC's current market cap is $169B. |
| What is the current revenue of CNOOC? | CNOOC's last 12 months revenue is $60B. |
| What is the current revenue growth of CNOOC? | CNOOC revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of CNOOC? | Current revenue multiple of CNOOC is 2.3x. |
| Is CNOOC profitable? | Yes, CNOOC is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of CNOOC? | CNOOC's last 12 months EBITDA is $37B. |
| What is CNOOC's EBITDA margin? | CNOOC's last 12 months EBITDA margin is 62%. |
| What is the current EV/EBITDA multiple of CNOOC? | Current EBITDA multiple of CNOOC is 3.8x. |
| What is the current FCF of CNOOC? | CNOOC's last 12 months FCF is $14B. |
| What is CNOOC's FCF margin? | CNOOC's last 12 months FCF margin is 24%. |
| What is the current EV/FCF multiple of CNOOC? | Current FCF multiple of CNOOC is 9.9x. |
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