CNOOC First-Half Profit Jumps 23%, Dividend Hits Record
SingTao · 2 SOURCESabout 2 hours ago4 MIN
Summary
China National Offshore Oil Corporation, or CNOOC (中國海洋石油), reported record first-half results for the period ended June 30, 2026, with both revenue and profit reaching their best levels for the same period on record. Net profit attributable to shareholders rose 23.42% year on year to RMB85.818 billion, while earnings per share came in at RMB1.81. The company also declared an interim dividend of HK$0.94 per share, up 28.8% from HK$0.73 a year earlier and the highest interim payout since its listing. CNOOC shares closed at HK$24.92, down 0.8% on the day
Key Points
- First-half revenue rose 16.9% year on year to RMB242.66 billion, while net profit attributable to shareholders reached RMB85.818 billion.
- Earnings per share were RMB1.81, and the board declared an interim dividend of HK$0.94 per share for the period.
- The interim dividend increased 28.8% from HK$0.73 a year earlier, setting a new post-listing high for the company
- Net oil and gas production climbed 3.7% year on year to 398.7 million barrels of oil equivalent, with domestic and overseas output both at record levels
- CNOOC said unit operating cost stayed competitive at US$29.7 per barrel of oil equivalent, while it made discoveries in China and added blocks in Brazil and Indonesia
Why It Matters
For Hong Kong investors, CNOOC's higher interim dividend and record first-half earnings reinforce its role as a major yield and energy stock in the local market. The combination of rising production, controlled costs and overseas exploration progress also matters because it supports the company's capacity to sustain shareholder returns if operating conditions remain stable