CNOOC stock gains 1.20 percent as first-half profit rises

Published on 09/28/2026 at 11:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CNOOC stock traded at HKD 23.68 on September 28, 2026, after first-half revenue reached CNY 242.7 billion. Net profit rose 23.4 percent, and the interim dividend was HKD 0.94 per share.

CNOOC Ltd., HK0883013259, Illustration mit AI erstellt.

CNOOC Limited (ISIN HK0883013259) stock gained 1.20 percent to HKD 23.68 on the Hong Kong Stock Exchange on September 28, 2026, at 4:08 p.m. HKT. The latest earnings backdrop remains strong: Futu reported on September 8, 2026, that first-half operating revenue rose 16.9 percent to CNY 242.7 billion.

Profit growth outpaced revenue

For the six months ended June 30, 2026, net profit attributable to shareholders increased 23.4 percent to CNY 85.8 billion, according to Futu. The comparison matters because profit grew 6.5 percentage points faster than revenue, indicating stronger earnings conversion during the period.

Net oil and gas production reached 398.7 million barrels of oil equivalent, up 3.7 percent year over year. The board also declared an interim dividend of HKD 0.94 per share, a record high since the company listed, according to Futu.

Oil prices remain a key variable

Morningstar wrote on August 27, 2026, that first-half profit benefited from a 24 percent increase in average realized oil prices and 4 percent growth in net oil and gas production. That mix also defines the main counter-factor: weaker oil prices would remove one of the reported earnings supports.

Stock stays below its yearly high

CNOOC stock was last at HKD 23.68 on the Hong Kong Stock Exchange on September 28, 2026, at 4:08 p.m. HKT, compared with a prior close of HKD 23.40. The 52-week range was HKD 18.42 to HKD 30.98, while market capitalization stood at HKD 1.1 trillion and volume reached 93,564,188 shares.