CNOOC Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas. It operates through three segments: E&P, Trading Business, and Corporate. The company produces offshore crude oil and natural gas primarily in Bohai, the Western South China Sea, the Eastern South China Sea, and the East China Sea in offshore China. It also holds interests in various oil and gas assets in Asia, Africa, North America, South America, Oceania, and Europe. As of December 31, 2021, it had net proved reserves of approximately 5.73 billion barrels of oil equivalent. In addition, the company is involved in the bond issuance; sale and marketing of petroleum and natural gas; and surface exploration and sale of coalbed methane. CNOOC Limited operates in China, Canada, the United States, the United Kingdom, Nigeria, Argentina, Indonesia, Uganda, Iraq, Brazil, Guyana, Russia, Australia, and internationally. The company was incorporated in 1999 and is based in Central, Hong Kong. CNOOC Limited is a subsidiary of China National Offshore Oil Corporation.
P/B ratio for CNOOC Limited (0883.HK)
P/B ratio as of 2023: 0.85
According to CNOOC Limited's latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 0.85. At the end of 2022 the company had a P/B ratio of 0.68.
P/B ratio history for CNOOC Limited from 1998 to 2023
P/B ratio at the end of each year
| Year | P/B ratio |
|---|---|
| 2023 | 0.85 |
| 2022 | 0.68 |
| 2021 | 0.61 |
| 2020 | 0.62 |
| 2019 | 1.15 |
| 2018 | 1.13 |
| 2017 | 1.13 |
| 2016 | 1.01 |
| 2015 | 0.79 |
| 2014 | 0.98 |
| 2013 | 1.48 |
| 2012 | 1.94 |
| 2011 | 1.87 |
| 2010 | 3.25 |
| 2009 | 1.82 |
| 2008 | 1.77 |
| 2007 | 4.03 |
| 2006 | 2.94 |
| 2005 | 3.03 |
| 2004 | 3.24 |
| 2003 | 14.22 |
| 2002 | 2.19 |
| 2001 | 2.63 |
| 2000 | 4.32 |
| 1999 | 7.82 |
| 1998 | 10.39 |