CNOOC Cash Flow 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
Net Income	122,082	137,936	123,843	141,700	70,320
Depreciation & Amortization	80,749	77,245	71,754	63,204	64,678
Other Amortization	806	206	550	434	330
Loss (Gain) From Sale of Assets	6,708	4,831	5,412	5,424	5,071
Asset Writedown & Restructuring Costs	326	5	166	109	40
Loss (Gain) From Sale of Investments	759	482	-	-	-
Loss (Gain) on Equity Investments	-	-	-1,931	-1,911	-346
Provision & Write-off of Bad Debts	9	36	74	-11	-6
Other Operating Activities	2,087	491	1,453	2,822	10,268
Change in Accounts Receivable	-2,158	2,382	-215	-8,686	-9,803
Change in Inventory	-616	533	-361	-645	-99
Change in Accounts Payable	-4,664	-8,696	8,998	3,134	7,440
Change in Other Net Operating Assets	1	4	-	-	-
Operating Cash Flow	209,042	220,891	209,743	205,574	147,893
Operating Cash Flow Growth	-5.36%	5.32%	2.03%	39.00%	79.62%
Capital Expenditures	-111,555	-123,359	-120,875	-94,754	-82,437
Sale of Property, Plant & Equipment	12	50	24	93	39
Divestitures	7,592	-	-	-	-
Investment in Securities	-26,447	-57,099	34,205	-9,664	-17,233
Other Investing Activities	5,134	4,982	8,551	5,852	3,396
Investing Cash Flow	-125,264	-175,426	-78,095	-98,473	-96,235
Long-Term Debt Issued	100	1,816	170	850	8,108
Long-Term Debt Repaid	-23,073	-34,225	-21,163	-15,026	-14,991
Net Debt Issued (Repaid)	-22,973	-32,409	-20,993	-14,176	-6,883
Issuance of Common Stock	-	-	-	32,099	-
Repurchase of Common Stock	-	-661	-	-623	-
Common Dividends Paid	-60,432	-60,869	-58,249	-77,378	-20,473
Other Financing Activities	-2,578	-3,996	-4,986	-4,884	-5,976
Financing Cash Flow	-85,983	-97,935	-84,228	-64,962	-33,332
Foreign Exchange Rate Adjustments	-400	315	386	2,062	-913
Net Cash Flow	-2,605	-52,155	47,806	44,201	17,413
Free Cash Flow	97,487	97,532	88,868	110,820	65,456
Free Cash Flow Growth	-0.05%	9.75%	-19.81%	69.31%	845.90%
Free Cash Flow Margin	24.48%	23.19%	21.33%	26.25%	26.60%
Free Cash Flow Per Share	2.05	2.05	1.87	2.37	1.47
Cash Interest Paid	3,134	4,193	5,097	5,043	6,832
Cash Income Tax Paid	91,669	104,301	45,444	51,001	16,470
Levered Free Cash Flow	77,135	59,036	63,855	88,059	43,992
Unlevered Free Cash Flow	78,798	60,776	65,358	89,984	45,982
Change in Working Capital	-4,484	-341	8,422	-6,197	-2,462

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