---
title: "Key facts: CNOOC 2025 profit −11%, record output 777.3m barrels; reserves 7.77bn BOE up 6.9%"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/280750007.md"
description: "Cnooc (600938) forecasts a 2025 net profit of ¥122.1 billion, down 11%, with revenue expected at ¥398.2 billion. The company achieved a record output of 777.3 million barrels and reported a 6.9% increase in proved reserves to 7.77 billion BOE. For 2026, Cnooc plans capital expenditures between ¥112-122 billion and aims for a production target of 780-800 million BOE, alongside exploration plans including six new oil and gas discoveries and appraisal of 28 structures in Guyana."
datetime: "2026-03-27T08:04:54.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280750007.md)
  - [en](https://longbridge.com/en/news/280750007.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280750007.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/280750007.md) | [English](https://longbridge.com/en/news/280750007.md)


# Key facts: CNOOC 2025 profit −11%, record output 777.3m barrels; reserves 7.77bn BOE up 6.9%

-   Cnooc (600938) 2025 net profit ¥122.1bn (−11%), revenue ¥398.2bn, record output 777.3m barrels. 2026 capex guidance ¥112–122bn; production target 780–800m boe; exploration plans.123
-   CNOOC (600938) reported proved reserves up 6.9% YoY to 7.77 billion BOE, six new oil and gas discoveries in 2025, and appraisal of 28 structures; Guyana appraised Lukanani and Ranger.4

### 相關股票

- [CNOOC F13 N2909 (40015.HK)](https://longbridge.com/zh-HK/quote/40015.HK.md)
- [CNOOC F03 N3305 (02568.HK)](https://longbridge.com/zh-HK/quote/02568.HK.md)
- [CNOOC F13 N4305 (05942.HK)](https://longbridge.com/zh-HK/quote/05942.HK.md)
- [CNOOC (00883.HK)](https://longbridge.com/zh-HK/quote/00883.HK.md)
- [CNOOC (600938.CN)](https://longbridge.com/zh-HK/quote/600938.CN.md)

## 相關資訊與研究

- [13:01 ETCNOOC Limited erreicht 2025 neue Rekorde bei Reserven und Produktion - Gewinnresistenz konsolidiert sich weiter](https://longbridge.com/zh-HK/news/280827948.md)
- [Cnooc Appoints Huang Yongzhang as Its Vice Chairman, Executive Director, President and Member of the Strategy and Sustainability Committee](https://longbridge.com/zh-HK/news/280207453.md)
- [CNOOC Limited Reports Earnings Results for the Full Year Ended December 31, 2025](https://longbridge.com/zh-HK/news/280624516.md)
- [China’s CNOOC to boost oil and gas output amid Middle East strife](https://longbridge.com/zh-HK/news/280697073.md)
- [CNOOC Limited Appoints Huang Yongzhang as CEO](https://longbridge.com/zh-HK/news/280207371.md)