Overview
- CNOOC reported results on Wednesday, August 26, 2026, saying net profit reached RMB85.8 billion, up 23.4% from a year earlier.
- Net production for the first half hit a record 398.7 million barrels of oil equivalent, driven by five new projects coming online and steadier output at domestic fields.
- The board declared an interim dividend of HK$0.94 per share, representing about RMB38.8 billion in total payouts and a 45.2% payout ratio.
- The company disclosed four new discoveries, 16 successful appraisals, and expanded overseas exploration with three new blocks including its first operated position in Brazil’s Santos Basin pre‑salt.
- CNOOC said its low‑carbon work is advancing with the Haiyou Anlan floating wind platform grid‑connected and China’s first offshore CCUS project commissioned, and it kept 2026 targets of 780–800 million BOE production and RMB112–122 billion capex.