CNOOC Balance Sheet

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
Cash & Equivalents	214,695	154,196	133,439	85,633	41,432
Short-Term Investments	-	-	17,123	35,754	38,298
Trading Asset Securities	25,998	45,771	44,304	88,209	82,440
Cash & Short-Term Investments	240,693	199,967	194,866	209,596	162,170
Cash Growth	20.37%	2.62%	-7.03%	29.24%	27.20%
Accounts Receivable	32,971	33,661	37,052	37,992	27,048
Other Receivables	5,945	5,608	1,041	647	1,079
Receivables	38,916	39,269	38,093	38,639	28,127
Inventory	6,090	5,732	6,451	6,239	5,703
Prepaid Expenses	4,771	2,924	-	-	-
Other Current Assets	4,913	16,717	10,865	10,205	11,982
Total Current Assets	295,383	264,609	250,275	264,679	207,982
Property, Plant & Equipment	676,100	643,080	604,959	543,184	474,182
Long-Term Investments	72,406	91,336	93,444	62,003	48,698
Goodwill	14,946	15,285	15,061	14,809	13,557
Other Intangible Assets	3,683	3,762	1,708	1,791	1,307
Long-Term Deferred Tax Assets	23,579	25,465	28,562	29,885	28,592
Long-Term Deferred Charges	584	767	-	-	-
Other Long-Term Assets	11,878	11,977	11,589	12,680	12,251
Total Assets	1,098,559	1,056,281	1,005,598	929,031	786,569
Accounts Payable	59,631	59,685	61,382	59,789	48,939
Accrued Expenses	11,124	14,026	2,311	-	2,264
Short-Term Debt	-	4,303	4,365	4,303	4,303
Current Portion of Long-Term Debt	1,308	15,781	17,529	18,514	11,026
Current Portion of Leases	2,046	2,264	2,217	1,873	1,208
Current Income Taxes Payable	8,017	8,225	25,130	16,513	16,538
Current Unearned Revenue	804	508	1,383	1,691	1,983
Other Current Liabilities	8,323	14,083	9,622	10,708	7,690
Total Current Liabilities	91,253	118,875	123,939	113,391	93,951
Long-Term Debt	58,832	61,243	88,208	103,145	112,893
Long-Term Leases	7,614	8,296	7,858	6,561	5,712
Long-Term Deferred Tax Liabilities	13,589	12,521	10,845	10,271	6,915
Other Long-Term Liabilities	122,087	105,910	106,872	97,280	85,122
Total Liabilities	293,375	306,845	337,722	330,648	304,593
Common Stock	75,180	75,180	75,180	75,180	43,081
Additional Paid-In Capital	2,851	2,851	-	-	-
Retained Earnings	721,869	660,075	585,345	518,985	454,363
Comprehensive Income & Other	2,850	9,442	6,061	3,017	-16,532
Total Common Equity	802,750	747,548	666,586	597,182	480,912
Minority Interest	2,434	1,888	1,290	1,201	1,064
Shareholders' Equity	805,184	749,436	667,876	598,383	481,976
Total Liabilities & Equity	1,098,559	1,056,281	1,005,598	929,031	786,569
Total Debt	69,800	91,887	120,177	134,396	135,142
Net Cash (Debt)	170,893	108,080	74,689	75,200	27,028
Net Cash Growth	58.12%	44.71%	-0.68%	178.23%	-
Net Cash Per Share	3.60	2.27	1.57	1.61	0.61
Filing Date Shares Outstanding	47,530	47,530	47,567	47,567	44,647
Total Common Shares Outstanding	47,530	47,530	47,567	47,567	44,647
Working Capital	204,130	145,734	126,336	151,288	114,031
Book Value Per Share	16.89	15.73	14.01	12.55	10.77
Tangible Book Value	784,121	728,501	649,817	580,582	466,048
Tangible Book Value Per Share	16.50	15.33	13.66	12.21	10.44
Land	2,040	1,984	-	-	-
Machinery	8,000	7,753	11,894	10,982	9,154
Construction In Progress	150,913	157,278	-	-	-

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