` 600938 (CNOOC Ltd) vs Shanghai Composite Comparison - Alpha Spread

600938
vs
Shanghai Composite

Over the past 12 months, has underperformed Shanghai Composite, delivering a return of -14% compared to the Shanghai Composite's 11% growth.

Stocks Performance
600938 vs Shanghai Composite

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600938
Shanghai Composite
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Performance Gap
600938 vs Shanghai Composite

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600938
Shanghai Composite
Difference
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Performance By Year
600938 vs Shanghai Composite

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600938
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Competitors Performance
CNOOC Ltd vs Peers

Shanghai Composite
600938
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CNQ
EOG
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CNOOC Ltd
Glance View

Market Cap
709.9B CNY
Industry
Energy

In the vast expanse of China's energy sector, CNOOC Ltd. stands as a commanding figure, bridging the gap between the nation’s thirst for energy and the immense reserves hidden beneath the ocean floor. Established in 1982, CNOOC Ltd. has evolved into the largest offshore oil and gas producer in China. The company operates primarily through its exploration and production segment, where it embarks on the quest to discover and extract hydrocarbons from offshore basins. With a significant stake in fields across the Bohai Bay, South China Sea, and even ventures into international waters, CNOOC’s operations are the embodiment of calculated risk and high reward. The company’s ability to harness advanced technology and expertise plays a crucial role in turning these underwater treasures into viable energy sources, contributing extensively to the robustness of China’s energy supply. CNOOC Ltd.’s business model intricately weaves exploration, development, and production, which allows the company to efficiently convert discovered reserves into financial health. Their income primarily stems from the sale of crude oil, natural gas, and petroleum products, surfacing from deep-sea extraction. This process is buoyed by strategic partnerships and joint ventures globally, extending their influence and capacity. Furthermore, by leveraging government backing and access to capital, CNOOC maintains a competitive edge in securing lucrative exploration rights and maintaining operational resilience even amidst fluctuating oil prices. Consequently, CNOOC Ltd. not only drives forward with a strong production profile but also consistently contributes significant energy resources to meet the growing demands of China and beyond.

Intrinsic Value
68.72 CNY
Undervaluation 62%
Intrinsic Value
Price
C
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