CNOOC expands share purchases as analysts set HKD 30 target for CNOOC Ltd. stock

Published on 10/12/2026 at 09:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CNOOC Group bought 31.812 million H shares by October 8, 2026. CNOOC Ltd. stock has a HKD 30.00 analyst target.

Key points in brief

CNOOC Group had acquired 31.812 million Hong Kong-listed shares by October 8, 2026.
First-half 2026 revenue reached RMB 242.66 billion, up 16.88 percent year over year.
First-half 2026 net profit attributable to shareholders rose 23.42 percent to RMB 85.82 billion.
The interim dividend is scheduled for payment on October 16, 2026, with results due October 31, 2026.

CNOOC Ltd., HK0883013259, Illustration mit AI erstellt.

CNOOC Ltd. (ISIN HK0883013259) had expanded share purchases as analysts set a HKD 30.00 target for CNOOC Ltd. stock. According to Futubull on October 8, 2026, CNOOC Group had cumulatively acquired 31.812 million H shares for RMB 522 million. The Globe and Mail reported on October 9, 2026, that the latest analyst rating was Buy with a HKD 30.00 price target.

Three events shape the story

On September 14, 2026, CNOOC reported first-half operating revenue of RMB 242.66 billion, up 16.88 percent year over year, while net profit attributable to shareholders rose 23.42 percent to RMB 85.82 billion, according to Futubull.

On September 16, 2026, a CNOOC unit began facilities construction for a USD 4 billion Qatar oil and gas project, according to MarketScreener. On October 8, CNOOC Group had bought 3.8921 million A shares and 31.812 million H shares under its increase plan, according to Futubull.

What does the purchase plan mean?

The scale of the H-share purchases is material, but the same October 8 update said the amount invested remained below 50 percent of the lower limit of the planned range after more than half of the scheduled period had elapsed. The company attributed the slower pace to geopolitical developments, crude oil price volatility and changing capital-market conditions, while stating that CNOOC Group would continue buying with its own funds, as The Globe and Mail reported.

For the operating picture, the first-half profit increase of 23.42 percent exceeded the 16.88 percent revenue increase. That gap points to stronger earnings conversion during the six months ended June 30, 2026, although the company remains exposed to international crude prices and project execution.

Two dates for income investors

The interim dividend is scheduled for payment on October 16, 2026. ET Net lists the interim dividend at HKD 0.94 per share, with the announcement dated August 26, 2026. The next earnings date is October 31, 2026, according to Investing.com.