CNOOC Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	397,236	410,757	407,175	413,389	240,209	151,732
Other Revenue	9,749	9,749	9,434	8,841	5,902	3,640
Revenue	406,985	420,506	416,609	422,230	246,111	155,372
Revenue Growth (YoY)	-6.62%	0.94%	-1.33%	71.56%	58.40%	-33.37%
Cost of Revenue	89,020	88,262	108,752	88,949	44,626	35,911
Gross Profit	317,965	332,244	307,857	333,281	201,485	119,461
Selling, General & Admin	11,690	11,140	10,952	10,468	8,961	8,821
Other Operating Expenses	41,434	43,146	45,807	54,811	22,470	13,781
Operating Expenses	144,336	145,626	142,853	142,746	108,286	85,833
Operating Income	173,629	186,618	165,004	190,535	93,199	33,628
Interest Expense	-2,502	-2,784	-2,404	-3,080	-3,185	-3,546
Interest & Investment Income	8,430	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)	-1,318	-1,318	-297	18	742	445
Other Non Operating Income (Expenses)	1,573	986	1,017	457	568	436
EBT Excluding Unusual Items	181,648	195,178	173,140	194,879	95,861	34,782
Gain (Loss) on Sale of Assets	-18	-	-	-	-	-
Asset Writedown	-5,249	-5,202	-166	-109	-40	125
Pretax Income	174,720	189,976	172,974	194,770	95,821	34,907
Income Tax Expense	51,361	51,994	48,884	53,093	25,514	9,951
Earnings From Continuing Operations	123,359	137,982	124,090	141,677	70,307	24,956
Minority Interest in Earnings	-111	-46	-247	23	13	-
Net Income	123,248	137,936	123,843	141,700	70,320	24,956
Net Income to Common	123,248	137,936	123,843	141,700	70,320	24,956
Net Income Growth	-13.73%	11.38%	-12.60%	101.51%	181.78%	-59.12%
Shares Outstanding (Basic)	47,579	47,553	47,567	46,697	44,647	44,647
Shares Outstanding (Diluted)	47,579	47,553	47,567	46,697	44,647	44,647
Shares Change (YoY)	0.05%	-0.03%	1.86%	4.59%	-	-0.01%
EPS (Basic)	2.59	2.90	2.60	3.03	1.58	0.56
EPS (Diluted)	2.59	2.90	2.60	3.03	1.57	0.56
EPS Growth	-13.69%	11.54%	-14.19%	92.99%	180.88%	-59.12%
Free Cash Flow	93,827	97,532	88,868	110,820	65,456	6,920
Free Cash Flow Per Share	1.97	2.05	1.87	2.37	1.47	0.15
Dividend Per Share	1.315	1.316	1.135	1.283	0.244	0.379
Dividend Growth	4.98%	15.95%	-11.54%	424.80%	-35.50%	-45.66%
Gross Margin	78.13%	79.01%	73.90%	78.93%	81.87%	76.89%
Operating Margin	42.66%	44.38%	39.61%	45.13%	37.87%	21.64%
Profit Margin	30.28%	32.80%	29.73%	33.56%	28.57%	16.06%
Free Cash Flow Margin	23.05%	23.19%	21.33%	26.25%	26.60%	4.45%
EBITDA	251,803	261,012	234,358	252,348	156,553	92,594
EBITDA Margin	61.87%	62.07%	56.25%	59.77%	63.61%	59.59%
D&A For EBITDA	78,174	74,394	69,354	61,813	63,354	58,966
EBIT	173,629	186,618	165,004	190,535	93,199	33,628
EBIT Margin	42.66%	44.38%	39.61%	45.13%	37.87%	21.64%
Effective Tax Rate	29.40%	27.37%	28.26%	27.26%	26.63%	28.51%
Revenue as Reported	406,985	420,506	416,609	422,230	246,111	155,372

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