Last $10.10 HKD
Change Today +0.23 / 2.33%
Volume 163.5M
883 On Other Exchanges
Symbol
Exchange
883 is not on other exchanges.
As of 3:01 AM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

cnooc ltd (883) Snapshot

Open
$10.18
Previous Close
$9.87
Day High
$10.28
Day Low
$10.02
52 Week High
08/19/14 - $15.88
52 Week Low
12/15/14 - $9.72
Market Cap
450.9B
Average Volume 10 Days
119.7M
EPS TTM
$1.24
Shares Outstanding
44.6B
EX-Date
09/11/14
P/E TM
6.5x
Dividend
$0.57
Dividend Yield
5.64%
Current Stock Chart for CNOOC LTD (883)

cnooc ltd (883) Details

CNOOC Limited, an investment holding company, explores for, develops, produces, and sells crude oil, natural gas, and other petroleum products. The company produces offshore crude oil and natural gas primarily in Bohai, Western South China Sea, Eastern South China Sea, and East China Sea in offshore China. It also has oil and gas assets in Asia, Africa, North America, South America, Oceania, and Europe. As of December 31, 2013, the company owned net proved reserves of approximately 4.43 billion barrels-of-oil equivalent. It also provides bond issuance services. The company is based in Hong Kong, Hong Kong. CNOOC Limited is considered a Red Chip company due to its listing on the Hong Kong Stock Exchange. CNOOC Limited is a subsidiary of China National Offshore Oil Corporation.

17,553 Employees
Last Reported Date: 04/9/14

cnooc ltd (883) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

cnooc ltd (883) Key Developments

CNOOC Ltd. Commences Production at Liuhua 34-2 Gas Field

CNOOC Limited announced that its Liuhua 34-2 gas field has commenced production. The Liuhua 34-2 gas field is located in the Eastern South China Sea with the water depth in the range of 850 to 1,250 meters. The gas field consists of one producing well and shares the existing facilities of Liwan 3-1 gas field for overall development. The gas field is producing approximately 30 million cubic feet per day and expected to reach its ODP designed peak production of approximately 45 million cubic feet per day in 2015. CNOOC Limited has a 51% working interest in Liuhua 34-2 gas field, while Husky Oil China Limited holds the remaining 49% working interest and acts as the operator.

CNOOC Limited Announces First Production from K1A

CNOOC Limited announced that the company has started producing bitumen from Kinosis 1A (K1A), a new steam-assisted gravity drainage (SAGD) facility. The K1A project, located approximately 12 kilometers south of the Long Lake SAGD and upgrader in Alberta, Canada, consists of steam-generating equipment, well pad facilities, 37 well pairs, and water and bitumen flowlines. Bitumen produced from K1A is processed and upgraded at Long Lake, which has an operating capacity of about 72,000 barrels per day (bpd) of bitumen. K1A is designed to produce 20,000 bpd of bitumen and is expected to play a significant role in filling the Long Lake plant.

CNOOC Limited Commences Production of Panyu 34-1/35-1/35-2 Project

CNOOC Limited announced that its Panyu 34-1/35-1/35-2 project commenced production. Panyu 34-1/35-1/35-2 project is located in the Pearl River Mouth Basin of the South China Sea with the water depth in the range of 195-338 meters. The project consists of three gas fields, namely Panyu 34-1, Panyu 35-1 and Panyu35-2. The main production facilities include one comprehensive platform, two sets of underwater production system and 13 producing wells. There are currently two wells producing approximately 21 million cubic feet of natural gas per day. The project is expected to reach its ODP designed peak production of approximately 150 million cubic feet per day in 2015.

 

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Industry Analysis

883

Industry Average

Valuation 883 Industry Range
Price/Earnings 6.3x
Price/Sales 1.2x
Price/Book 1.0x
Price/Cash Flow 3.1x
TEV/Sales 0.4x
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