CNOOC Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	389,336	410,757	407,175	413,389	240,209
Other Revenue	8,884	9,749	9,434	8,841	5,902
Revenue	398,220	420,506	416,609	422,230	246,111
Revenue Growth (YoY)	-5.30%	0.94%	-1.33%	71.56%	58.40%
Cost of Revenue	193,519	195,111	108,752	88,949	44,626
Gross Profit	204,701	225,395	307,857	333,281	201,485
Selling, General & Admin	11,695	10,745	10,952	10,468	8,961
Research & Development	1,659	1,711	-	-	-
Other Operating Expenses	17,595	19,310	45,807	54,811	22,470
Operating Expenses	32,742	34,647	142,853	142,746	108,286
Operating Income	171,959	190,748	165,004	190,535	93,199
Interest Expense	-2,662	-2,784	-2,404	-3,080	-3,185
Interest & Investment Income	5,062	7,079	7,889	5,038	4,191
Earnings From Equity Investments	-	-	1,931	1,911	346
Currency Exchange Gain (Loss)	627	-1,318	-297	18	742
Other Non Operating Income (Expenses)	-3,324	-3,293	1,017	457	568
EBT Excluding Unusual Items	171,662	190,432	173,140	194,879	95,861
Gain (Loss) on Sale of Investments	-1,702	-482	-	-	-
Gain (Loss) on Sale of Assets	5	31	-	-	-
Asset Writedown	-326	-5	-166	-109	-40
Pretax Income	169,639	189,976	172,974	194,770	95,821
Income Tax Expense	47,491	51,994	48,884	53,093	25,514
Earnings From Continuing Operations	122,148	137,982	124,090	141,677	70,307
Minority Interest in Earnings	-66	-46	-247	23	13
Net Income	122,082	137,936	123,843	141,700	70,320
Net Income to Common	122,082	137,936	123,843	141,700	70,320
Net Income Growth	-11.49%	11.38%	-12.60%	101.51%	181.78%
Shares Outstanding (Basic)	47,530	47,553	47,567	46,697	44,647
Shares Outstanding (Diluted)	47,530	47,553	47,567	46,697	44,647
Shares Change (YoY)	-0.05%	-0.03%	1.86%	4.59%	-
EPS (Basic)	2.57	2.90	2.60	3.03	1.58
EPS (Diluted)	2.57	2.90	2.60	3.03	1.57
EPS Growth	-11.43%	11.54%	-14.19%	92.99%	180.88%
Free Cash Flow	97,487	97,532	88,868	110,820	65,456
Free Cash Flow Per Share	2.05	2.05	1.87	2.37	1.47
Dividend Per Share	1.150	1.316	1.135	1.283	0.244
Dividend Growth	-12.57%	15.95%	-11.54%	424.80%	-35.50%
Gross Margin	51.40%	53.60%	73.90%	78.93%	81.87%
Operating Margin	43.18%	45.36%	39.61%	45.13%	37.87%
Profit Margin	30.66%	32.80%	29.73%	33.56%	28.57%
Free Cash Flow Margin	24.48%	23.19%	21.33%	26.25%	26.60%
EBITDA	250,130	265,583	234,358	252,348	156,553
EBITDA Margin	62.81%	63.16%	56.25%	59.77%	63.61%
D&A For EBITDA	78,171	74,835	69,354	61,813	63,354
EBIT	171,959	190,748	165,004	190,535	93,199
EBIT Margin	43.18%	45.36%	39.61%	45.13%	37.87%
Effective Tax Rate	27.99%	27.37%	28.26%	27.26%	26.63%
Revenue as Reported	-	-	416,609	422,230	246,111

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.