CNOOC Group continues share purchases as CNOOC Ltd stock awaits results
Published on 10/19/2026 at 11:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSShare purchases and earnings ahead
- CNOOC Group continued its shareholding increase plan on October 16, 2026, with a HKD 30.00 target cited for the stock.
- CNOOC reported RMB 85.8 billion in first-half 2026 profit, up 23.40 percent year over year.
- CNOOC Ltd stock stood at EUR 2.18 at Lang & Schwarz on October 19, 2026 at 11:09 a.m. CEST.
CNOOC Ltd (ISIN HK0883013259) was tied to continued share purchases by its controlling shareholder on October 16, 2026, while the next results date moved closer. The Globe and Mail reported that China National Offshore Oil Corporation continued increasing its stake in CNOOC Limited and cited a HKD 30.00 price target.
Three dated signals for CNOOC
The company reported first-half 2026 profit of RMB 85.8 billion on August 26, 2026, up 23.40 percent from the first half of 2025, according to Simply Wall St. On October 8, 2026, CNOOC Group bought 3.19 million A shares and 7.51 million H shares, a purchase program also reported on a market news page. On October 16, 2026, the controlling shareholder continued the increase plan and the cited target remained HKD 30.00.
What supports the valuation?
The operating picture is driven by production and oil prices. First-half 2026 net production reached 398.7 million barrels of oil equivalent, up 3.70 percent year over year, while oil and gas sales revenue reached RMB 206.1 billion, according to Simply Wall St. A separate analyst note carried a HKD 31.60 12-month target and a Buy rating for CNOOC, citing upstream leverage, free cash flow and dividend income, according to Futunn.
Results date and investor timetable
The next earnings date is October 30, 2026, according to Simply Wall St. That report will give investors a new test of whether the first-half profit growth can continue into the third quarter.
Euro quote before the results
The euro quote stood at EUR 2.18 at Lang & Schwarz on October 19, 2026 at 11:09 a.m. CEST. The company is listed on the Hong Kong Stock Exchange and Shanghai Stock Exchange and focuses on offshore crude oil and natural gas exploration, development, production and sales, according to CNOOC.
CNOOC Ltd stock facts
- Company: CNOOC Limited
- ISIN: HK0883013259
- Ticker: 00883
- Primary exchange: Hong Kong Stock Exchange
- Last euro quote at Lang & Schwarz (as of October 19, 2026, 11:09 a.m. CEST): EUR 2.18
- Sector / Industry: Energy / Oil and gas exploration and production
Market context: Latest market reports.
