CNOOC traded at 24.48 this Tuesday September 15th, increasing 0.02 or 0.08 percent since the previous trading session. Looking back, over the last four weeks, CNOOC gained 2.34 percent. Over the last 12 months, its price rose by 26.77 percent. Looking ahead, we forecast CNOOC to be priced at 23.79 by the end of this quarter and at 22.10 in one year, according to Trading Economics global macro models projections and analysts expectations.
CNOOC Limited is a Hong Kong-based investment holding company principally engaged in the exploration, production and trading of oil and gas. Its businesses include conventional oil and gas businesses, shale oil and gas businesses, oil sands businesses and other unconventional oil and gas businesses. The Company mainly operates businesses through three segments. The Exploration and Production segment is engaged in the exploration, development and production of crude oil, natural gas and other petroleum products. The Trading segment is engaged in the trading of crude oil, natural gas and other petroleum products. The Corporate segment is engaged in corporate-related businesses. The Company mainly operates businesses in China, Canada, the United Kingdom, Nigeria, Indonesia and Brazil, among others.