CNOOC Limited

0883
Passed

Company Overview

CNOOC Limited was incorporated in the Hong Kong Special Administrative Region (hereinafter referred to as “Hong Kong”) in August 1999 and listed on the Hong Kong Stock Exchange (hereinafter referred to as “Hong Kong Stock Exchange”) (stock code: 00883) on February 28, 2001. In July 2001, the Company's stock was selected as a constituent stock of the Hang Seng Index. On April 21, 2022, the Company's RMB shares (hereinafter referred to as “A shares”) were listed on the Shanghai Stock Exchange (hereinafter referred to as “Shanghai Stock Exchange”) (stock code: 600938). On June 19, 2023, the Company added a RMB counter for Hong Kong stock trading on the Hong Kong Stock Exchange (stock code: 80883). The company is the largest producer of offshore crude oil and natural gas in China, and one of the world's largest independent oil and gas exploration and production enterprises. Its main business is exploration, development, production and sale of crude oil and natural gas. Currently, the company has the Bohai Sea, the western part of the South China Sea, the eastern part of the South China Sea, and the East China Sea as its core regions, and its assets are distributed throughout Asia, Africa, North America, South America, Oceania and Europe.

Country
HK
Market Cap
$79.22B
Last Fiscal Year
2023
Final Shariah Status
Passed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
1.50% passed
5% Threshold
1.5%
Liabilities Compliance
19.47% passed
33% Threshold
19.5%
Final Shariah Status
Passed

This stock meets all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name CNOOC Limited
Ticker 0883
Main Business Oil & Gas E&P
Type Common Stock
Industry Oil & Gas E&P
Country HK
Market Cap $79.22 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Trade business $147,840.0 $0.0 -
Exploration and production $43,990.0 $0.0 -
Company $227.0 $0.0 -
Interest income $2,980.0 $2,980.0 -
Total $195,037.0 $2,980.0 1.50% (passed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
bank loans and overdrafts $3,065,826,330.5 3.87%
derivative financial instrument current liabilities $3,501,400.6 0.00%
long term bank loan $12,354,341,736.7 15.60%
Total Interest-Bearing Debt $15,423,669,467.8 19.47%
Market Capitalization $79,216,666,666.7 100.00%
Compliance Status Threshold: 33% passed