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NYSE:CEO

CNOOC (CEO) Stock Price, News & Analysis

About CNOOC Stock (NYSE:CEO)

Key Stats

Today's Range
$121.76
$121.76
50-Day Range
$113.78
$122.21
52-Week Range
$81.11
$131.83
Volume
N/A
Average Volume
N/A
Market Capitalization
$54.28 billion
P/E Ratio
3.16
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

Company Overview

Cnooc Limited is a company that engages primarily in the exploration, development and production of crude oil and natural gas offshore China. We are the dominant producer of crude oil and natural gas and the only company permitted to conduct exploration and production activities with international oil and gas companies offshore China.

CEO Stock News Headlines

BenevolentAI Interim Results for the Six Months Ended 30 June 2024
The recovery of the Chinese economy
Central Bank Abandons USD
Startling new evidence shows the U.S. Central Bank is abandoning the currency we’ve relied on for centuries – the United States Dollar… And placing a ‘quiet bet’ on a new type of currency… Gold.
See More Headlines

CEO Stock Analysis - Frequently Asked Questions

Based on aggregate information from My MarketBeat watchlists, some other companies that CNOOC investors own include Intel (INTC), International Business Machines (IBM), Cisco Systems (CSCO), Chevron (CVX), Johnson & Johnson (JNJ), QUALCOMM (QCOM) and Exxon Mobil (XOM).

Company Calendar

Today
9/19/2024
Next Earnings (Estimated)
10/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
21,993
Year Founded
1999

Profitability

Net Income
$17.50 billion
Pretax Margin
41.52%

Debt

Sales & Book Value

Annual Sales
$58.95 billion
Book Value
$211.70 per share

Miscellaneous

Free Float
N/A
Market Cap
$54.28 billion
Optionable
Optionable
Beta
N/A

Should I Buy CNOOC Stock? CEO Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, September 10, 2024. Please send any questions or comments about these CNOOC pros and cons to contact@marketbeat.com.

CNOOC
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in CNOOC Limited:

  • CNOOC Limited has shown consistent growth in its offshore oil and gas exploration and production activities, indicating a strong potential for revenue increase.
  • Recent developments in CNOOC Limited's technology and operational efficiency have positioned the company well for future profitability.
  • With the current stock price of CNOOC Limited being favorable, investors have an opportunity to enter the market at a potentially advantageous valuation.
  • The company's dominant position in crude oil and natural gas production offshore China provides a competitive edge and stability in revenue streams.
  • CNOOC Limited's strategic partnerships with international oil and gas companies enhance its global reach and diversification.

CNOOC
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in CNOOC Limited for these reasons:

  • Volatility in global oil and gas prices could impact CNOOC Limited's profitability and stock performance.
  • Regulatory changes in the offshore oil and gas industry, especially in China, may pose risks to CNOOC Limited's operations and future growth prospects.
  • Environmental concerns and regulations related to offshore drilling could lead to increased operational costs for CNOOC Limited.
  • Geopolitical tensions and trade disputes may affect CNOOC Limited's international partnerships and market access.
  • Fluctuations in currency exchange rates could impact CNOOC Limited's financial performance, especially in its global operations.

This page (NYSE:CEO) was last updated on 9/19/2024 by MarketBeat.com Staff
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