• /int
  • /eu
  • /uk
  • /au
  • http://www.axi.group/ar-ae
  • http://www.axi.group/en-ae
  • http://www.global-edge.info/cn
  • /es-mx
  • /fr-ma
  • http://www.edge-cn.co/id
  • /it-ch
  • /kr
  • /pt
  • /th
  • /tw
  • http://www.global-edge.info/vn
  • /zh-au
  • /jp
  • /za
  • http://www.solarisih.com/vu
  • http://www.axi-global.com/chn

CNOOC Ltd (0883.HK CFD)

Trading Conditions:

Axi Symbol: CNOOC-

Description: Loading...

Margin: Loading...

CFD Currency: Loading...

Contract Size Currency per 1 Lot: Loading...

Pip Value per 1 Lot: Loading...

Standard Account Spread: Loading...

Pro Account Spread: Loading...

Min/Max Trade Size (Lots): Loading...

Trade Step Size (Lots): Loading...

Market Open: Loading...

Market Close: Loading...

Trading Break: Loading...

3 Day Financing: Friday

Long Position Overnight Fee: displayed on the trading platform

Short Position Overnight Fee: displayed on the trading platform

Pricing is indicative. Past performance is not a reliable indicator of future results. Client sentiment is provided for general information only, is historical in nature and is not intended to provide any form of trading or investment advice - it must not form the basis of your trading or investment decisions.

What is CNOOC?

China National Offshore Oil Corporation, or CNOOC, is one of China's largest state-owned energy companies and a prominent player in the global oil and gas industry. Established in 1982, CNOOC is primarily focused on offshore exploration, development, and production of oil and natural gas. The company's operations span the entire value chain of the energy sector, including exploration, drilling, production, and marketing. CNOOC's core assets are located both in China and in various international locations, with a strong emphasis on offshore fields. It has played a crucial role in China's efforts to secure energy resources to meet its growing domestic demand, making it a vital contributor to the country's energy security.

CNOOC stock is listed on the Hong Kong Stock Exchange under the symbol “0883.HK”.

What affects the 0883.HK stock price?

The stock price of CNOOC is influenced by a wide range of factors, including:

  • Crude oil and natural gas prices: As an oil and gas exploration and production company, CNOOC's profitability is closely tied to the prices it receives for its products. When oil and gas prices rise, CNOOC's revenue and profits tend to increase, which can drive its stock price higher.
  • Economic conditions in China and globally can impact CNOOC's stock price. Economic growth can drive increased demand for energy, which can benefit the company. Conversely, economic downturns can lead to reduced energy consumption and lower prices, which can negatively impact CNOOC's stock price.
  • CNOOC’s exploration and production successes or failures can have a significant impact on its stock price. Positive exploration results and successful production operations can boost investor confidence, while dry wells or production issues can lead to stock price declines.
  • Government policies and regulations in China and the countries where CNOOC operates can affect the company's profitability. Regulatory changes related to taxation, environmental standards, and drilling permits can impact CNOOC's stock price.
  • Geopolitical events such as conflicts in oil-producing regions, trade disputes, or sanctions can disrupt global energy markets and impact CNOOC's stock price.
  • Currency exchange rates are of significant concern for CNOOC due to its international operations, as fluctuations in exchange rates can affect its financial results and, consequently, its stock price. A weaker Chinese yuan can make CNOOC's exports more competitive, potentially benefiting the company.
  • Changes in the competitive landscape of the oil and gas industry can impact CNOOC's stock price. The actions of its competitors, mergers and acquisitions in the industry, and technological advancements can all influence investor sentiment.
  • Energy transition and environmental concerns: Growing concerns about climate change and a shift towards renewable energy sources can affect investor perception of fossil fuel companies like CNOOC. Changes in investor sentiment and government policies aimed at reducing carbon emissions can impact the stock price.

What to watch out for when trading 0883.HK stock?

If you are considering trading CNOOC stock, keep an eye on the following announcements that can significantly impact its stock price:

  • CNOOC’s corporate earnings results (released quarterly)
  • CNOOC’s annual report releases
  • CNOOC’s corporate announcements
  • News and media stories featuring CNOOC, including government announcements concerning the company and the wider industry
The data is sourced from third-party providers. This information is not to be construed as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product, or instrument; or to participate in any trading strategy. It has been prepared without taking your objectives, financial situation, or needs into account. Any references to past performance and forecasts are not reliable indicators of future results. Axi makes no representation and assumes no liability regarding the accuracy and completeness of the content in this publication. Readers should seek their own advice.

24/5 award-winning service.
100% committed to you.

We are proud of our award-winning** service built on transparency, reliability, and global outlook

** Axi Group of companies

Ready to trade your edge?

Start trading with a global, award-winning broker.

Try a Free Demo Open a Live Account