CNOOC Limited

SHG:600938 China Oil & Gas E&P
Market Cap
$17.12 Billion
CN¥125.58 Billion CNY
Market Cap Rank
#205 Global
#5 in China
Share Price
CN¥42.00
Change (1 day)
-2.33%
52-Week Range
CN¥23.23 - CN¥43.41
All Time High
CN¥43.41
Categories
Companies in China Oil & Gas E&P
About

CNOOC Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas in worldwide. It produces offshore crude oil and natural gas primarily in Bohai, the Western South China Sea, the Eastern South China Sea, and the East China Sea in offshore China. The company also holds interests in various oil and gas assets in Asia, Africa, N… Read more

CNOOC Limited (600938) - Cash Flow Conversion Efficiency

Latest cash flow conversion efficiency as of June 2025: 0.138x

Based on the latest financial reports, CNOOC Limited (600938) has a cash flow conversion efficiency ratio of 0.138x as of June 2025.

Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (CN¥109.18 Billion) by net assets (CN¥788.38 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.

CNOOC Limited - Cash Flow Conversion Efficiency Trend (1998–2024)

This chart illustrates how CNOOC Limited's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.

CNOOC Limited Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of CNOOC Limited ranked by their cash flow conversion efficiency.

Company Cash Flow Conversion Efficiency
Southern Company
NYSE:SO
 		0.099x
GlaxoSmithKline plc
MX:GSKN
 		0.141x
Semiconductor Manufacturing Intl Co
SHG:688981
 		0.033x
Zijin Mining Group Co Ltd Class A
SHG:601899
 		0.106x
China Merchants Bank Co Ltd Class H
PINK:CIHHF
 		0.018x
China Shenhua Energy Co Ltd
PINK:CSUAY
 		0.042x
Rio Tinto Group
PINK:RTNTF
 		0.151x
Western Digital Corporation
NASDAQ:WDC
 		0.101x

Annual Cash Flow Conversion Efficiency for CNOOC Limited (1998–2024)

The table below shows the annual cash flow conversion efficiency of CNOOC Limited from 1998 to 2024.

Year Net Assets Operating Cash Flow Cash Flow Conversion Efficiency Change
2024-12-31 CN¥749.44 Billion CN¥220.89 Billion 0.295x -6.15%
2023-12-31 CN¥667.88 Billion CN¥209.74 Billion 0.314x -8.59%
2022-12-31 CN¥598.38 Billion CN¥205.57 Billion 0.344x +11.96%
2021-12-31 CN¥481.98 Billion CN¥147.89 Billion 0.307x +61.71%
2020-12-31 CN¥433.93 Billion CN¥82.34 Billion 0.190x -31.14%
2019-12-31 CN¥448.23 Billion CN¥123.52 Billion 0.276x -6.98%
2018-12-31 CN¥419.91 Billion CN¥124.40 Billion 0.296x +18.82%
2017-12-31 CN¥379.98 Billion CN¥94.73 Billion 0.249x +30.84%
2016-12-31 CN¥382.37 Billion CN¥72.86 Billion 0.191x -8.16%
2015-12-31 CN¥386.04 Billion CN¥80.09 Billion 0.207x -28.73%
2014-12-31 CN¥379.61 Billion CN¥110.51 Billion 0.291x -10.32%
2013-12-31 CN¥341.62 Billion CN¥110.89 Billion 0.325x +8.62%
2012-12-31 CN¥309.78 Billion CN¥92.57 Billion 0.299x -32.38%
2011-12-31 CN¥262.86 Billion CN¥116.17 Billion 0.442x +34.53%
2010-12-31 CN¥215.77 Billion CN¥70.88 Billion 0.329x +15.15%
2009-12-31 CN¥173.94 Billion CN¥49.62 Billion 0.285x -17.98%
2008-12-31 CN¥160.24 Billion CN¥55.74 Billion 0.348x +13.29%
2007-12-31 CN¥134.51 Billion CN¥41.30 Billion 0.307x -15.61%
2006-12-31 CN¥107.72 Billion CN¥39.19 Billion 0.364x -16.72%
2005-12-31 CN¥73.63 Billion CN¥32.16 Billion 0.437x +10.97%
2004-12-31 CN¥56.72 Billion CN¥22.33 Billion 0.394x +3.25%
2003-12-31 CN¥46.74 Billion CN¥17.82 Billion 0.381x +5.96%
2002-12-31 CN¥40.57 Billion CN¥14.60 Billion 0.360x +60.00%
2001-12-31 CN¥33.31 Billion CN¥7.49 Billion 0.225x -60.44%
2000-12-31 CN¥16.10 Billion CN¥9.15 Billion 0.568x -34.92%
1999-12-31 CN¥8.38 Billion CN¥7.32 Billion 0.873x +40.89%
1998-12-31 CN¥6.36 Billion CN¥3.94 Billion 0.620x --