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	Sep '26 Sep 30, 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	432,407	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	441,291	398,220	420,506	416,609	422,230	246,111
Revenue Growth	8.43%	-5.30%	0.94%	-1.33%	71.56%	58.40%
Cost of Revenue	102,622	87,919	88,262	108,752	88,949	44,626
Gross Profit	338,669	310,301	332,244	307,857	333,281	201,485
Selling, General & Admin	9,717	12,039	11,140	10,952	10,468	8,961
Other Operating Expenses	39,387	33,561	43,146	45,807	54,811	22,470
Operating Expenses	145,983	142,530	145,626	142,853	142,746	108,286
Operating Income	192,686	167,771	186,618	165,004	190,535	93,199
Interest Expense	-2,312	-2,662	-2,784	-2,404	-3,080	-3,185
Interest & Investment Income	7,028	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)	1,255	1,126	986	1,017	457	568
EBT Excluding Unusual Items	198,812	171,663	195,178	173,140	194,879	95,861
Gain (Loss) on Sale of Assets	-14	-	-	-	-	-
Asset Writedown	-9,202	-2,024	-5,202	-166	-109	-40
Pretax Income	190,544	169,639	189,976	172,974	194,770	95,821
Income Tax Expense	51,249	47,491	51,994	48,884	53,093	25,514
Earnings From Continuing Operations	139,295	122,148	137,982	124,090	141,677	70,307
Minority Interest in Earnings	-66	-66	-46	-247	23	13
Net Income	139,229	122,082	137,936	123,843	141,700	70,320
Net Income to Common	139,229	122,082	137,936	123,843	141,700	70,320
Net Income Growth	12.97%	-11.49%	11.38%	-12.60%	101.51%	181.78%
Shares Outstanding (Basic)	47,385	47,530	47,553	47,567	46,697	44,647
Shares Outstanding (Diluted)	47,385	47,530	47,553	47,567	46,697	44,647
Shares Change	-0.41%	-0.05%	-0.03%	1.86%	4.59%	-
EPS (Basic)	2.94	2.57	2.90	2.60	3.03	1.58
EPS (Diluted)	2.94	2.57	2.90	2.60	3.03	1.57
EPS Growth	13.46%	-11.43%	11.54%	-14.19%	92.99%	180.88%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Free Cash Flow	121,418	97,487	97,532	88,868	110,820	65,456
Free Cash Flow Per Share	2.56	2.05	2.05	1.87	2.37	1.47
Dividend Per Share	1.296	1.150	1.316	1.135	1.283	0.244
Dividend Growth	-1.51%	-12.57%	15.95%	-11.54%	424.80%	-35.50%
Gross Margin	76.74%	77.92%	79.01%	73.90%	78.93%	81.87%
Operating Margin	43.66%	42.13%	44.38%	39.61%	45.13%	37.87%
Profit Margin	31.55%	30.66%	32.80%	29.73%	33.56%	28.57%
Free Cash Flow Margin	27.51%	24.48%	23.19%	21.33%	26.25%	26.60%
EBITDA	273,996	246,117	261,012	234,358	252,348	156,553
EBITDA Margin	62.09%	61.80%	62.07%	56.25%	59.77%	63.61%
D&A For EBITDA	81,310	78,346	74,394	69,354	61,813	63,354
EBIT	192,686	167,771	186,618	165,004	190,535	93,199
EBIT Margin	43.66%	42.13%	44.38%	39.61%	45.13%	37.87%
Effective Tax Rate	26.90%	27.99%	27.37%	28.26%	27.26%	26.63%
Revenue as Reported	441,291	398,220	420,506	416,609	422,230	246,111