CNOOC Limited (SHA:600938)

CNOOC Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	391,819	410,757	407,175	413,389	240,209	151,732
Other Revenue	9,525	9,749	9,434	8,841	5,902	3,640
Revenue	401,344	420,506	416,609	422,230	246,111	155,372
Revenue Growth (YoY)	-11.07%	0.94%	-1.33%	71.56%	58.40%	-33.37%
Cost of Revenue	79,909	88,262	108,752	88,949	44,626	35,911
Gross Profit	321,435	332,244	307,857	333,281	201,485	119,461
Selling, General & Admin	11,267	11,140	10,952	10,468	8,961	8,821
Other Operating Expenses	42,855	43,146	45,807	54,811	22,470	13,781
Operating Expenses	145,375	145,626	142,853	142,746	108,286	85,833
Operating Income	176,060	186,618	165,004	190,535	93,199	33,628
Interest Expense	-2,319	-2,784	-2,404	-3,080	-3,185	-3,546
Interest & Investment Income	9,171	9,840	7,889	5,038	4,191	4,451
Earnings From Equity Investments	1,836	1,836	1,931	1,911	346	-632
Currency Exchange Gain (Loss)	424	-1,318	-297	18	742	445
Other Non Operating Income (Expenses)	616	986	1,017	457	568	436
EBT Excluding Unusual Items	185,788	195,178	173,140	194,879	95,861	34,782
Gain (Loss) on Sale of Assets	-20	-	-	-	-	-
Asset Writedown	-5,252	-5,202	-166	-109	-40	125
Pretax Income	178,859	189,976	172,974	194,770	95,821	34,907
Income Tax Expense	51,029	51,994	48,884	53,093	25,514	9,951
Earnings From Continuing Operations	127,830	137,982	124,090	141,677	70,307	24,956
Minority Interest in Earnings	-92	-46	-247	23	13	-
Net Income	127,738	137,936	123,843	141,700	70,320	24,956
Net Income to Common	127,738	137,936	123,843	141,700	70,320	24,956
Net Income Growth	-8.64%	11.38%	-12.60%	101.51%	181.78%	-59.12%
Shares Outstanding (Basic)	47,535	47,553	47,567	46,697	44,647	44,647
Shares Outstanding (Diluted)	47,535	47,553	47,567	46,697	44,647	44,647
Shares Change (YoY)	-0.07%	-0.03%	1.86%	4.59%	-	-0.01%
EPS (Basic)	2.69	2.90	2.60	3.03	1.58	0.56
EPS (Diluted)	2.68	2.90	2.60	3.03	1.57	0.56
EPS Growth	-8.83%	11.54%	-14.19%	92.99%	180.88%	-59.12%
Free Cash Flow	90,483	97,532	88,868	110,820	65,456	6,920
Free Cash Flow Per Share	1.90	2.05	1.87	2.37	1.47	0.15
Dividend Per Share	1.293	1.316	1.135	1.283	0.244	0.379
Dividend Growth	1.23%	15.95%	-11.54%	424.80%	-35.50%	-45.66%
Gross Margin	80.09%	79.01%	73.90%	78.93%	81.87%	76.89%
Operating Margin	43.87%	44.38%	39.61%	45.13%	37.87%	21.64%
Profit Margin	31.83%	32.80%	29.73%	33.56%	28.57%	16.06%
Free Cash Flow Margin	22.55%	23.19%	21.33%	26.25%	26.60%	4.45%
EBITDA	251,807	261,012	234,358	252,348	156,553	92,594
EBITDA Margin	62.74%	62.07%	56.25%	59.77%	63.61%	59.59%
D&A For EBITDA	75,747	74,394	69,354	61,813	63,354	58,966
EBIT	176,060	186,618	165,004	190,535	93,199	33,628
EBIT Margin	43.87%	44.38%	39.61%	45.13%	37.87%	21.64%
Effective Tax Rate	28.53%	27.37%	28.26%	27.26%	26.63%	28.51%
Revenue as Reported	420,506	420,506	416,609	422,230	246,111	155,372

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