CNOOC Ltd
TSX:CNU
Operating Margin
CNOOC Ltd
Operating Margin represents how efficiently a company is able to generate profit through its core operations.
Higher ratios are generally better, illustrating the company is efficient in its operations and is good at turning sales into profits.
Operating Margin Across Competitors
| Country | Company | Market Cap |
Operating Margin |
||
|---|---|---|---|---|---|
| CN |
C
|
CNOOC Ltd
SSE:600938
|
737B CNY |
44%
|
|
| US |
|
Conocophillips
NYSE:COP
|
118.4B USD |
24%
|
|
| CA |
|
Canadian Natural Resources Ltd
TSX:CNQ
|
96.6B CAD |
29%
|
|
| US |
|
EOG Resources Inc
NYSE:EOG
|
68.2B USD |
35%
|
|
| US |
P
|
Pioneer Natural Resources Co
LSE:0KIX
|
46B USD |
34%
|
|
| US |
|
Hess Corp
NYSE:HES
|
44.4B USD |
32%
|
|
| US |
|
Diamondback Energy Inc
NASDAQ:FANG
|
42.7B USD |
41%
|
|
| US |
V
|
Venture Global Inc
NYSE:VG
|
38.1B USD |
35%
|
|
| US |
|
EQT Corp
NYSE:EQT
|
35.5B USD |
6%
|
|
| AU |
|
Woodside Energy Group Ltd
ASX:WDS
|
48.7B AUD |
37%
|
|
| US |
C
|
Continental Resources Inc
F:C5L
|
25.8B EUR |
58%
|
CNOOC Ltd
Glance View
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.
See Also
Operating Margin represents how efficiently a company is able to generate profit through its core operations.
Higher ratios are generally better, illustrating the company is efficient in its operations and is good at turning sales into profits.
Based on CNOOC Ltd's most recent financial statements, the company has Operating Margin of 44.4%.
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