CNOOC Limited operates in the Crude petroleum and natural gas sector.
In addition to historical fundamental analyses, the complete report available to purchase compares CNOOC Limited with three other
crude oil and natural gas companies in Asia:
Oil & Natural Gas Corporation Limited
of INDIA
(2019
sales of 4.21 trillion Indian Rupees [US$55.54 billion]
of which 84%
was Refining & Marketing),
Cosmo Energy Holdings Co Ltd
of JAPAN
(2.77 trillion Japanese Yen [US$25.71 billion]
of which 83%
was Oil Business), and
Inpex Corporation
which is
also
based in JAPAN
(1.33 trillion Japanese Yen [US$12.37 billion]
of which 57%
was MidEast&Africa).
Sales Analysis.
CNOOC Limited reported sales of HK$264.79 billion (US$34.14 billion)
for the
year ending
December of 2019.
This
represents
a
decrease of 1.4%
versus 2018, when the company's sales were HK$268.68 billion.
Contributing to the drop in overall sales was the 3.2% decline
in Trading Business, from HK$62.28 billion to HK$60.28 billion.
There were also decreases in sales in
E&p (down 0.9% to HK$203.99 billion)
.
However, these declines were partially offset by the increase in sales of
Corporate (up 0.8% to HK$513.22 million)
.