Cnooc traded at $124.77 this Monday March 8th, increasing $3.01 or 2.47 percent since the previous trading session. Looking back, over the last four weeks, Cnooc gained 8.85 percent. Over the last 12 months, its price rose by 13.04 percent. Looking ahead, we forecast Cnooc to be priced at 119.07 by the end of this quarter and at 103.48 in one year, according to Trading Economics global macro models projections and analysts expectations.


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Cnooc
CNOOC Limited is an investment holding company. The Company, along with its subsidiaries, is a producer of offshore crude oil and natural gas and an independent oil and gas exploration and production company. Its subsidiaries are engaged in exploration, development, production and sales of oil and natural gas. It has three segments: exploration and production (E&P), trading business and corporate. The Company has four producing areas in offshore China, which include the Bohai Bay, Western South China Sea, Eastern South China Sea and East China Sea. It also has oil and gas assets in Indonesia, Iraq, Australia, Africa, North America and South America. Its subsidiaries included CNOOC China Limited, CNOOC International Limited, China Offshore Oil (Singapore) International Pte Ltd and others.