CNOOC Limited (HKG:0883)

CNOOC Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	410,757	407,175	413,389	240,209	151,732
Other Revenue	9,749	9,434	8,841	5,902	3,640
Revenue	420,506	416,609	422,230	246,111	155,372
Revenue Growth (YoY)	0.94%	-1.33%	71.56%	58.40%	-33.37%
Cost of Revenue	195,111	208,943	88,949	44,626	35,911
Gross Profit	225,395	207,666	333,281	201,485	119,461
Selling, General & Admin	10,745	10,513	10,468	8,961	8,821
Research & Development	1,711	1,605	-	-	-
Other Operating Expenses	22,599	26,192	54,811	22,470	13,781
Operating Expenses	37,936	41,719	142,746	108,286	85,833
Operating Income	187,459	165,947	190,535	93,199	33,628
Interest Expense	-2,807	-2,423	-3,080	-3,185	-3,546
Interest & Investment Income	7,079	9,520	5,038	4,191	4,451
Earnings From Equity Investments	-	-	1,911	346	-632
Currency Exchange Gain (Loss)	-1,318	-297	18	742	445
Other Non Operating Income (Expenses)	19	61	457	568	436
EBT Excluding Unusual Items	190,432	172,808	194,879	95,861	34,782
Gain (Loss) on Sale of Investments	-482	300	-	-	-
Gain (Loss) on Sale of Assets	31	-117	-	-	-
Asset Writedown	-5	-17	-109	-40	125
Pretax Income	189,976	172,974	194,770	95,821	34,907
Income Tax Expense	51,994	48,884	53,093	25,514	9,951
Earnings From Continuing Operations	137,982	124,090	141,677	70,307	24,956
Minority Interest in Earnings	-46	-247	23	13	-
Net Income	137,936	123,843	141,700	70,320	24,956
Net Income to Common	137,936	123,843	141,700	70,320	24,956
Net Income Growth	11.38%	-12.60%	101.51%	181.78%	-59.12%
Shares Outstanding (Basic)	47,553	47,567	46,697	44,647	44,647
Shares Outstanding (Diluted)	47,553	47,567	46,697	44,647	44,647
Shares Change (YoY)	-0.03%	1.86%	4.59%	-	-0.01%
EPS (Basic)	2.90	2.60	3.03	1.58	0.56
EPS (Diluted)	2.90	2.60	3.03	1.57	0.56
EPS Growth	11.54%	-14.19%	92.99%	180.88%	-59.12%
Free Cash Flow	97,532	88,868	110,820	65,456	6,920
Free Cash Flow Per Share	2.05	1.87	2.37	1.47	0.15
Dividend Per Share	1.316	1.135	1.283	0.244	0.379
Dividend Growth	15.95%	-11.54%	424.80%	-35.50%	-45.66%
Gross Margin	53.60%	49.85%	78.93%	81.87%	76.89%
Operating Margin	44.58%	39.83%	45.13%	37.87%	21.64%
Profit Margin	32.80%	29.73%	33.56%	28.57%	16.06%
Free Cash Flow Margin	23.19%	21.33%	26.25%	26.60%	4.45%
EBITDA	261,700	235,737	252,348	156,553	92,594
EBITDA Margin	62.23%	56.58%	59.77%	63.61%	59.59%
D&A For EBITDA	74,241	69,790	61,813	63,354	58,966
EBIT	187,459	165,947	190,535	93,199	33,628
EBIT Margin	44.58%	39.83%	45.13%	37.87%	21.64%
Effective Tax Rate	27.37%	28.26%	27.26%	26.63%	28.51%
Revenue as Reported	-	-	422,230	246,111	155,372

Updated Oct 28, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.