Business
CNOOC Limited Hits New Records of Reserves and Production in 2025, Profit Resilience Continues to Consolidate
CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announced its 2025 annual results for the year ended December 31, 2025.
About this update from Cnooc Limited Class A
[{"type":"text","content":"HONG KONG, March 26, 2026 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announced its 2025 annual results for the year ended December 31, 2025.","length":228,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/CNOOC Limited)","displaySize":"","headline":null,"caption":"(PRNewsfoto/CNOOC Limited)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":124,"url":"https://media.zenfs.com/en/prnewswire.com/ba9251e649427785cd50e230c56e4745"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/v7xdRtDbLQDPv09CWsSfsw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIxOQ--/https://media.zenfs.com/en/prnewswire.com/ba9251e649427785cd50e230c56e4745","width":400,"height":124}},"href":"https://mma.prnewswire.com/media/2938789/CNOOC_logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"list","items":[{"val":[{"type":"text","content":"Net production was approximately 2.13 million BOE per day","length":57,"tagName":"p"}]},{"val":[{"type":"text","content":"Net profit attributable to equity shareholders reached RMB122.1 billion","length":71,"tagName":"p"}]},{"val":[{"type":"text","content":"Dividend payout ratio at 45%, and the annual dividend was HK$1.28 per share (tax inclusive)","length":91,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":219,"olType":false},{"type":"text","content":"Performance Overview","length":20,"tagName":"p"},{"type":"text","content":"CNOOC Limited pursues steady growth of production and strict control over costs, to consolidate its competitiveness in cost and profit resilience. Over the past five years, the Company has made a total of 66 new discoveries, while the CAGR of net production reached approximately 8%. In 2025, the Company's net production reached 2.13 million barrels of oil equivalent (BOE) per day, and the net profit attributable to equity shareholders was RMB122.1 billion.","length":469,"tagName":"p"},{"type":"text","content":"The Company adheres to value-driven exploration, hits new record in oil and gas reserves, and is recognized by Wood Mackenzie as the NOC Explorer of the Year for the first time. In 2025, the Company made a total of 6 new oil and gas discoveries and successfully appraised 28 oil and gas bearing structures. The net proved reserves reached 7.77 billion BOE, increa...