CNOOC Group continues buying shares. Analysts set HKD 30.00 target for CNOOC stock

Published on 10/15/2026 at 09:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CNOOC Group continued its increase plan on October 9, 2026. CNOOC stock posted 398.7 million BOE of first-half 2026 production.

Income and valuation markers

CNOOC Group continued its shareholding increase plan on October 9, 2026.
Fair value was revised from HKD 45.08 to HKD 41.82 on September 17, 2026.
The interim dividend of HKD 0.94 per share is payable on October 16, 2026.

CNOOC Ltd., HK0883013259, Illustration mit AI erstellt.

CNOOC Ltd. (ISIN HK0883013259) was trading at HKD 24.06 on the Hong Kong Stock Exchange on October 15, 2026 at 3:34 p.m. HKT, while its market capitalization stood at HKD 1.1 trillion. The Globe and Mail reported on October 9, 2026 that China National Offshore Oil Corporation continued buying CNOOC shares under its increase plan. The same report cited a HKD 30.00 analyst price target.

Three dates shape the setup

On June 3, 2026, shareholders approved an interim dividend of HKD 0.94 per share for the first half of 2026, according to Simply Wall St. On September 17, 2026, that source reported a fair-value revision from HKD 45.08 to HKD 41.82.

On October 9, 2026, CNOOC Group continued its purchases through the Shanghai-Hong Kong Stock Connect, while the reported HKD 30.00 target provided a valuation reference for the stock.

What does production mean for cash returns?

CNOOC reported first-half 2026 net production of 398.7 million barrels of oil equivalent, up 3.7 percent from the prior-year period, according to Simply Wall St. The operating comparison matters because the interim distribution is HKD 0.94 per share, versus HKD 0.73 previously.

Dates for income and results

The next dated cash-return event is October 16, 2026, when the interim dividend of HKD 0.94 per share is payable, according to ET Net.

Valuation meets operating growth

CNOOC combines a 3.7 percent first-half production increase with a dividend payment date and a continuing controller purchase plan. The valuation picture is more measured: the reported fair value moved from HKD 45.08 to HKD 41.82, while the separate analyst reference was HKD 30.00.

Hong Kong quote and company profile

CNOOC's Hong Kong listing was trading at HKD 24.06 on October 15, 2026 at 3:34 p.m. HKT. The quote sat within its HKD 18.59 to HKD 30.98 52-week range, giving investors a dated market level alongside the first-half operating figures.