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Cnooc Ltd  (CEO)
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 

Looking into fourth quarter of 2020 results, the company's made revenue Contraction substantially

company delivered fourth quarter of 2020 operating income of $5578 million


Published Mar 22 2023
CSIMarket Team / CSIMarket.com


oil-monahans-texas-sunset-70362For the fiscal fourth quarter of 2020 company earnings per share plummeted by -55 % of $0.09 per share compare to $0.20 a year before and from $0.00 per share from the previous financial reporting period.

The revenue crumbled by -28.913 % to $23.81 billion from $33.50 billion in the corresponding financial reporting period a year before and sequentially from $0.00 million.




Net earnings of $3,825.000 million in the fiscal fourth quarter of 2020 fell by -56.38 % from $8,769.000 million in the corresponding period a year before. Looking further into fiscal fourth quarter of 2020 Cnooc Ltd's profitability, operating margin mitigated to 23.43%, and net margin shrank to 16.06%.
Operating earnings, fell -53.88% to $5578 million, squeezing Cnooc Ltd's operating margin to 23.43%, from 36.1% in the fourth quarter of 2019. Analysts also pointed out, that within the financial numbers for the financial period 2020, company announced revenue of $23.81 billion and net income of $3.83 billion.

Oil And Gas Production company noticed as well, that Income per share faded by -55 % to $0.09 per share from $0.20 in the previous financial period , observed further, that revenue fell by -28.91 % from $33.50 billion a year before.



Cnooc Ltd's Dividend Growth

Cnooc Ltd's Price to Book ratio





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