CNOOC Limited
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
Market Cap & Net Worth: CNOOC Limited (600938)
CNOOC Limited (SHG:600938) has a market capitalization of $17.12 Billion (CN¥125.58 Billion) as of March 18, 2026. Listed on the SHG stock exchange, this China-based company holds position #205 globally and #5 in its home market, demonstrating a 0.96% increase in market value over the past year.
Market capitalization, also known as net worth in stock markets, is calculated by multiplying CNOOC Limited's stock price CN¥42.00 by its total outstanding shares 2990000000 (2.99 Billion).
CNOOC Limited Market Cap History: 2022 to 2026
CNOOC Limited's market capitalization history from 2022 to 2026. Data shows growth from $5.59 Billion to $17.12 Billion (40.24% CAGR).
CNOOC Limited Market Cap to Earnings & Revenue Ratios Timeline
This chart shows how CNOOC Limited's valuation ratios have evolved. The Price to Sales (P/S) ratio compares market cap to revenue, while the Price to Earnings (P/E) ratio compares market cap to net income. Lower values may indicate a more undervalued company relative to its financial performance.
Latest Price to Sales (P/S) Ratio
0.03x
CNOOC Limited's market cap is 0.03 times its annual revenue
19.32x
Lower than industry averageLatest Price to Earnings (P/E) Ratio
0.09x
CNOOC Limited's market cap is 0.09 times its annual earnings
What These Ratios Tell Investors:
- Price to Sales (P/S) Ratio: Shows how much investors are paying for each dollar of the company's sales. Lower P/S ratios may indicate undervaluation.
- Price to Earnings (P/E) Ratio: Shows how much investors are paying for each dollar of the company's earnings. This is one of the most common valuation metrics.
- Trends in these ratios over time can indicate changing investor sentiment about the company's future growth prospects.
- Industry comparison provides context for whether the company is valued higher or lower than peers.
| Year | Market Cap (USD) | Revenue (USD) | Net Income (USD) | P/S Ratio | P/E Ratio |
|---|---|---|---|---|---|
| 2022 | $5.59 Billion | $432.23 Billion | $141.70 Billion | 0.01x | 0.04x |
| 2023 | $8.20 Billion | $416.61 Billion | $123.84 Billion | 0.02x | 0.07x |
| 2024 | $12.03 Billion | $420.51 Billion | $137.94 Billion | 0.03x | 0.09x |
Competitor Companies of 600938 by Market Capitalization
Companies near CNOOC Limited in the global market cap rankings as of March 18, 2026.
Key companies related to CNOOC Limited by market ranking:
- ConocoPhillips (NYSE:COP): Ranked #134 globally with a market cap of $137.70 Billion USD.
- Canadian Natural Resources Ltd (NYSE:CNQ): Ranked #199 globally with a market cap of $99.45 Billion USD.
- EOG Resources Inc (NYSE:EOG): Ranked #326 globally with a market cap of $65.92 Billion USD.
- Occidental Petroleum Corporation (NYSE:OXY): Ranked #474 globally with a market cap of $45.39 Billion USD.
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #134 | ConocoPhillips | NYSE:COP | $137.70 Billion | $121.32 |
| #199 | Canadian Natural Resources Ltd | NYSE:CNQ | $99.45 Billion | $48.79 |
| #326 | EOG Resources Inc | NYSE:EOG | $65.92 Billion | $134.51 |
| #474 | Occidental Petroleum Corporation | NYSE:OXY | $45.39 Billion | $57.25 |
CNOOC Limited Historical Marketcap From 2022 to 2026
Between 2022 and today, CNOOC Limited's market cap moved from $5.59 Billion to $ 17.12 Billion, with a yearly change of 40.24%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | CN¥17.12 Billion | +39.17% |
| 2025 | CN¥12.30 Billion | +2.27% |
| 2024 | CN¥12.03 Billion | +46.70% |
| 2023 | CN¥8.20 Billion | +46.61% |
| 2022 | CN¥5.59 Billion | -- |
End of Day Market Cap According to Different Sources
On Mar 17th, 2026 the market cap of CNOOC Limited was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $17.12 Billion USD |
| MoneyControl | $17.12 Billion USD |
| MarketWatch | $17.12 Billion USD |
| marketcap.company | $17.12 Billion USD |
| Reuters | $17.12 Billion USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.