Cnooc 0883.HK

Headquartered in Beijing, China, CNOOC Limited is an energy-focused enterprise that explores for and produces crude oil and natural gas. Founded in 1999, the company operates internationally in China, the UK, Canada, Nigeria, Brazil, and Indonesia, among other countries. CNOOC Limited underpins sustainability with a mission to ensure responsible, safe, and environmentally friendly methods in the development of its energy resources.

CNOOC Limited runs its operations through three main segments. Its Exploration and Production segment deals with exploring and processing natural energy sources. Its Trading segment manages all marketing aspects of natural gas, petroleum products, and crude oil. Management and governance matters are operated by the company’s Corporate segment. This company is owned by the Chinese government, which controls its corporate governance.

CNOOC trades on the Hong Kong Stock Exchange under the ticker 0883.HK, where it has been listed since 2001. In October 2020, the company announced the start of production at its Bozhong 19-6 field, a gas field pilot area development. It is anticipated that this initiative will reach a production capacity of more than 35 million cubic feet natural gas and more than 5,500 barrels of crude oil per day as of 2021.

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