China National Offshore Oil Corporation

China National Offshore Oil Corporation
Native name
中国海洋石油总公司
Zhōngguó Háiyáng Shíyóu Zǒnggōngsī
Company typeState-owned enterprise
IndustryOil and gas
Founded1982; 42 years ago (1982)
Headquarters,
Number of locations
Western South China Sea Jiangsu Bohai Sea
Key people
Revenue715,249,360,000 renminbi (2018) Edit this on Wikidata
SubsidiariesCNOOC Limited
China Oilfield Services
Websitewww.cnooc.com.cn Edit this at Wikidata
China National Offshore Oil Corporation
Simplified Chinese中国海洋石油总公司
Traditional Chinese中國海洋石油總公司
Transcriptions
Standard Mandarin
Hanyu PinyinZhōngguó Háiyáng Shíyóu Zǒnggōngsī

China National Offshore Oil Corporation, or CNOOC Group (Chinese: 中国海洋石油总公司; pinyin: Zhōngguó Háiyáng Shíyóu Zǒnggōngsī), is the third-largest national oil company in China, after CNPC (parent of PetroChina) and China Petrochemical Corporation (parent of Sinopec).[citation needed] The CNOOC Group focuses on the exploitation, exploration and development of crude oil and natural gas in offshore China, along with its subsidiary COOEC.

The company is owned by the government of the People's Republic of China, and the State-Owned Assets Supervision and Administration Commission of the State Council (SASAC) assumes shareholder rights and obligations on the government's behalf. One subsidiary, CNOOC Limited, is listed on the Hong Kong Stock Exchange; the other, China Oilfield Services, is listed on the Hong Kong and New York Stock Exchanges. In the 2020 Forbes Global 2000, CNOOC was ranked as the 126th largest public company in the world.[1] In 2023, the company's seat in Forbes Global 2000 was 85.[2]

  1. ^ "Forbes Global 2000". Forbes. Retrieved 31 October 2020.
  2. ^ "The Global 2000 2023". Forbes. Archived from the original on 2024-01-29. Retrieved 2024-02-07.