Last $13.88 HKD
Change Today +0.16 / 1.17%
Volume 46.7M
As of 4:01 AM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

cnooc ltd (883) Snapshot

Open
$13.82
Previous Close
$13.72
Day High
$13.88
Day Low
$13.76
52 Week High
09/19/13 - $16.48
52 Week Low
03/18/14 - $11.42
Market Cap
619.7B
Average Volume 10 Days
49.1M
EPS TTM
$1.26
Shares Outstanding
44.6B
EX-Date
06/5/14
P/E TM
8.8x
Dividend
$0.57
Dividend Yield
4.11%
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

Primeline Energy Holdings Inc. Announces Commencement of Trial Production of Gas from the LS36-1 Gas Field

Primeline Energy Holdings Inc. announced that trial production of gas from the LS36-1 gas field has now commenced. As previously announced, with the completion of the last section of the gas sales pipeline and connection to the provincial gas grid, the LS36-1 gas field development was completed on 1 July 2014. Since then CNOOC Limited, as operator, and the downstream buyer, Zhejiang Provincial Gas Development Co., commenced joint commissioning of the upstream and downstream facilities and trial gas production from the LS36-1 gas field commenced on July 16, 2014. The LS36-1 gas field is located in 84m of water in the East China Sea about 150km from the major city Wenzhou. The field was discovered by Primeline and has been developed by CNOOC, as operator, the company and Primeline Petroleum Corp. The development comprises a production platform with four production wells, a subsea pipeline and an onshore processing terminal. The gas is being sold to Zhejiang Gas, the owner and operator of the Zhejiang Provincial Gas Grid. Formal commencement of production will be announced after the completion of joint commissioning and the smooth operation of the equipment in this trial period of production.

CNOOC Reportedly In Talks With Delek And Noble Energy To Acquire Stake In Aphrodite

CNOOC Ltd. (SEHK:883) is holding talks to acquire 30% - 40% of the Aphrodite gas field in Cyprus, Globes reported, citing unnamed sources. CNOOC to buy stake from Delek Group Ltd. (TASE:DLEKG) and Avner Oil Exploration - Limited Partnership (TASE:AVNR.L), sources inform Globes. "Globes" also reported that Woodside Petroleum Ltd. (ASX: WPL) is also interested in becoming a partner in the Cypriot field for similar reasons but CNOOC has a better chance of concluding a deal. CNOOC was also interested in becoming a partner in the Leviathan field and sent representatives to Israel several times for talks.

CNOOC Limited Commences Production at Kenli 3-2 Oilfields

CNOOC Limited announced that its Kenli 3-2 oilfields have commenced production. The Kenli 3-2 oilfields, located in the southern Bohai Sea, consists of Kenli 3-2, Bozhong 34-6/7, southern part of Bozhong 29-4 and Bozhong 35-2 oilfields. The average water depth is approximately 20 meters. The primary production facilities include 7 offshore platforms and 1 onshore oil processing terminal. The peak production of the oilfields is estimated around 35,000 barrels per day.

 

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883 Competitors

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Industry Analysis

883

Industry Average

Valuation 883 Industry Range
Price/Earnings 8.5x
Price/Sales 1.7x
Price/Book 1.4x
Price/Cash Flow 4.2x
TEV/Sales 0.9x
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