Overview
China National Offshore Oil Corporation is classified by Fortune under crude-oil production. Fortune records 2025 revenue of US$120.9bn, down 7.6% on 2024, and profit of US$12,660m.[1] Forbes lists CNOOC Ltd., which explores for, develops and produces crude oil and natural gas, with exploration and production and trading segments.[2]
China National Offshore Oil strengths and limitations
Strengths
- Profit of US$12,660m, higher than Sinopec Group's
- Upstream focus
Limitations
- Revenue fell 7.6% in 2025
- Earnings closely tied to crude prices
Appears in
China National Offshore Oil peers and competitors
Companies ranked in the same lists as China National Offshore Oil.
- Sinopec Group
- China National Petroleum
- State Grid
- Gazprom
Shell plc- BP p.l.c.
Chevron- TotalEnergies SE
Phillips 66
Marathon Petroleum- Reliance Industries
- Valero Energy
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