CNOOC Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	398,561	389,336	410,757	407,175	413,389	240,209
Other Revenue	8,884	8,884	9,749	9,434	8,841	5,902
Revenue	407,445	398,220	420,506	416,609	422,230	246,111
Revenue Growth (YoY)	-2.03%	-5.30%	0.94%	-1.33%	71.56%	58.40%
Cost of Revenue	96,134	87,919	88,262	108,752	88,949	44,626
Gross Profit	311,311	310,301	332,244	307,857	333,281	201,485
Selling, General & Admin	11,270	12,039	11,140	10,952	10,468	8,961
Other Operating Expenses	33,966	33,561	43,146	45,807	54,811	22,470
Operating Expenses	142,161	142,530	145,626	142,853	142,746	108,286
Operating Income	169,150	167,771	186,618	165,004	190,535	93,199
Interest Expense	-2,764	-2,662	-2,784	-2,404	-3,080	-3,185
Interest & Investment Income	5,481	5,273	9,840	7,889	5,038	4,191
Earnings From Equity Investments	-472	-472	1,836	1,931	1,911	346
Currency Exchange Gain (Loss)	627	627	-1,318	-297	18	742
Other Non Operating Income (Expenses)	1,646	1,126	986	1,017	457	568
EBT Excluding Unusual Items	173,668	171,663	195,178	173,140	194,879	95,861
Gain (Loss) on Sale of Assets	-2	-	-	-	-	-
Asset Writedown	-2,033	-2,024	-5,202	-166	-109	-40
Pretax Income	172,165	169,639	189,976	172,974	194,770	95,821
Income Tax Expense	47,434	47,491	51,994	48,884	53,093	25,514
Earnings From Continuing Operations	124,731	122,148	137,982	124,090	141,677	70,307
Minority Interest in Earnings	-68	-66	-46	-247	23	13
Net Income	124,663	122,082	137,936	123,843	141,700	70,320
Net Income to Common	124,663	122,082	137,936	123,843	141,700	70,320
Net Income Growth	-7.51%	-11.49%	11.38%	-12.60%	101.51%	181.78%
Shares Outstanding (Basic)	47,593	47,530	47,553	47,567	46,697	44,647
Shares Outstanding (Diluted)	47,593	47,530	47,553	47,567	46,697	44,647
Shares Change (YoY)	-0.02%	-0.05%	-0.03%	1.86%	4.59%	-
EPS (Basic)	2.62	2.57	2.90	2.60	3.03	1.58
EPS (Diluted)	2.62	2.57	2.90	2.60	3.03	1.57
EPS Growth	-7.46%	-11.43%	11.54%	-14.19%	92.99%	180.88%
Free Cash Flow	92,354	97,487	97,532	88,868	110,820	65,456
Free Cash Flow Per Share	1.94	2.05	2.05	1.87	2.37	1.47
Dividend Per Share	1.150	1.150	1.316	1.135	1.283	0.244
Dividend Growth	-12.57%	-12.57%	15.95%	-11.54%	424.80%	-35.50%
Gross Margin	76.41%	77.92%	79.01%	73.90%	78.93%	81.87%
Operating Margin	41.52%	42.13%	44.38%	39.61%	45.13%	37.87%
Profit Margin	30.60%	30.66%	32.80%	29.73%	33.56%	28.57%
Free Cash Flow Margin	22.67%	24.48%	23.19%	21.33%	26.25%	26.60%
EBITDA	248,484	246,117	261,012	234,358	252,348	156,553
EBITDA Margin	60.99%	61.80%	62.07%	56.25%	59.77%	63.61%
D&A For EBITDA	79,334	78,346	74,394	69,354	61,813	63,354
EBIT	169,150	167,771	186,618	165,004	190,535	93,199
EBIT Margin	41.52%	42.13%	44.38%	39.61%	45.13%	37.87%
Effective Tax Rate	27.55%	27.99%	27.37%	28.26%	27.26%	26.63%
Revenue as Reported	407,445	398,220	420,506	416,609	422,230	246,111

Source: S&P Global Market Intelligence. Standard template. Financial Sources.