CNOOC Limited (HKG: 0883)

CNOOC Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	426,382	407,175	413,389	240,209	151,732	228,040
Other Revenue	9,434	9,434	8,841	5,902	3,640	5,159
Revenue	435,816	416,609	422,230	246,111	155,372	233,199
Revenue Growth (YoY)	4.29%	-1.33%	71.56%	58.40%	-33.37%	2.41%
Cost of Revenue	102,604	108,752	88,949	44,626	35,911	53,775
Gross Profit	333,212	307,857	333,281	201,485	119,461	179,424
Selling, General & Admin	11,181	10,952	10,468	8,961	8,821	8,062
Other Operating Expenses	47,563	45,807	54,811	22,470	13,781	17,826
Operating Expenses	144,903	142,853	142,746	108,286	85,833	98,058
Operating Income	188,309	165,004	190,535	93,199	33,628	81,366
Interest Expense	-2,747	-2,404	-3,080	-3,185	-3,546	-3,045
Interest & Investment Income	6,026	7,889	5,038	4,191	4,451	5,699
Earnings From Equity Investments	1,931	1,931	1,911	346	-632	1,002
Currency Exchange Gain (Loss)	-297	-297	18	742	445	-213
Other Non Operating Income (Expenses)	518	1,017	457	568	436	805
EBT Excluding Unusual Items	193,740	173,140	194,879	95,861	34,782	85,614
Gain (Loss) on Sale of Assets	27	-	-	-	-	-
Asset Writedown	140	-166	-109	-40	125	35
Pretax Income	194,404	172,974	194,770	95,821	34,907	85,649
Income Tax Expense	51,289	48,884	53,093	25,514	9,951	24,604
Earnings From Continuing Operations	143,115	124,090	141,677	70,307	24,956	61,045
Minority Interest in Earnings	-258	-247	23	13	-	-
Net Income	142,857	123,843	141,700	70,320	24,956	61,045
Net Income to Common	142,857	123,843	141,700	70,320	24,956	61,045
Net Income Growth	9.40%	-12.60%	101.51%	181.78%	-59.12%	15.89%
Shares Outstanding (Basic)	47,555	47,567	46,697	44,647	44,647	44,647
Shares Outstanding (Diluted)	47,555	47,567	46,697	44,647	44,647	44,651
Shares Change (YoY)	-0.01%	1.86%	4.59%	-	-0.01%	-0.01%
EPS (Basic)	3.00	2.60	3.03	1.58	0.56	1.37
EPS (Diluted)	3.00	2.60	3.03	1.57	0.56	1.37
EPS Growth	9.46%	-14.19%	92.99%	180.88%	-59.12%	15.89%
Free Cash Flow	108,354	88,868	110,820	65,456	6,920	51,507
Free Cash Flow Per Share	2.28	1.87	2.37	1.47	0.15	1.15
Dividend Per Share	1.253	1.135	1.283	0.244	0.379	0.697
Dividend Growth	4.59%	-11.54%	424.80%	-35.50%	-45.66%	13.42%
Gross Margin	76.46%	73.90%	78.93%	81.87%	76.89%	76.94%
Operating Margin	43.21%	39.61%	45.13%	37.87%	21.64%	34.89%
Profit Margin	32.78%	29.73%	33.56%	28.57%	16.06%	26.18%
Free Cash Flow Margin	24.86%	21.33%	26.25%	26.60%	4.45%	22.09%
EBITDA	265,729	235,735	252,348	156,553	92,594	138,438
EBITDA Margin	60.97%	56.58%	59.77%	63.61%	59.59%	59.36%
D&A For EBITDA	77,420	70,731	61,813	63,354	58,966	57,072
EBIT	188,309	165,004	190,535	93,199	33,628	81,366
EBIT Margin	43.21%	39.61%	45.13%	37.87%	21.64%	34.89%
Effective Tax Rate	26.38%	28.26%	27.26%	26.63%	28.51%	28.73%
Revenue as Reported	435,816	416,609	422,230	246,111	155,372	233,199

Source: S&P Capital IQ. Standard template. Financial Sources.