CNOOC (00883) net profit of 11.118 billion yuan in the first three quarters increased 16.8% year-on-year

According to the Zhitong Finance App, CNOOC (00883) announced results for the first three quarters of 2026, with operating income of 355.574 billion yuan (RMB, same below), up 13.8% year on year; net profit attributable to shareholders of the parent company was 119.118 billion yuan, up 16.8% year on year; basic earnings per share were 2.51 yuan.

According to the announcement, in the first three quarters of 2026, the company achieved oil and gas sales revenue of about RMB 305.35 billion, an increase of 19.5% over the previous year, mainly due to rising oil prices. Net profit attributable to shareholders of the parent company reached RMB 119.118 billion, an increase of 16.8% over the previous year. In the first three quarters, the company's average realized oil price was 86.32 US dollars/barrel, up 26.4% year on year; average realized gas price was 8.13 US dollars/1000 cubic feet, up 3.4% year on year. The company continued to maintain a competitive cost advantage. The main cost of barrel oil in the first three quarters was US$30.57 per barrel of oil equivalent.