Last $178.14 USD
Change Today +1.47 / 0.83%
Volume 135.3K
As of 6:40 PM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

cnooc ltd-adr (CEO) Snapshot

Open
$177.80
Previous Close
$176.67
Day High
$179.28
Day Low
$176.63
52 Week High
09/10/13 - $211.49
52 Week Low
03/13/14 - $147.24
Market Cap
79.5B
Average Volume 10 Days
130.4K
EPS TTM
--
Shares Outstanding
446.5M
EX-Date
06/3/14
P/E TM
--
Dividend
$8.26
Dividend Yield
4.13%
Current Stock Chart for CNOOC LTD-ADR (CEO)

cnooc ltd-adr (CEO) 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-adr (CEO) Top Compensated Officers

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

Executives, Board Directors

cnooc ltd-adr (CEO) Key Developments

CNOOC Ltd. Announces Panyu 10-2/5/8 Project Starts Production

CNOOC Ltd. announced that its Panyu 10-2/5/8 project has commenced production. Panyu 10-2/5/8 project is located in the Pearl River Mouth Basin of the South China Sea with an average water depth of approximately 100 meters. This project includes 3 oilfields, Panyu 10-2, Panyu 10-5 and Panyu 10-8 and was designed to share some facilities of Panyu 4-2 oilfield. The main newly-built production facilities include 1 wellhead platform and 9 producing wells. Currently there are 4 wells producing approximately 9,000 barrels per day, and the project is expected to hit its peak production of approximately 13,000 barrels per day in 2015.

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.

 

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Valuation CEO Industry Range
Price/Earnings 8.6x
Price/Sales 1.7x
Price/Book 1.4x
Price/Cash Flow 4.3x
TEV/Sales 0.9x
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