China National Offshore Oil Corporation
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). 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 headquarters in Beijing, which opened in 2006. | |
Native name | 中国海洋石油总公司 |
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Romanized name | Zhōngguó Háiyáng Shíyóu Zǒnggōngsī |
| Company type | State-owned enterprise |
| Industry | Oil and gas |
| Founded | 1982 |
| Headquarters | , |
Number of locations | Western South China Sea Jiangsu Bohai Sea |
Key people |
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| Revenue | 715,249,360,000 renminbi (2018) |
| Subsidiaries | CNOOC Limited China Oilfield Services |
| Website | www |
| China National Offshore Oil Corporation | |||||||
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| Simplified Chinese | 中国海洋石油总公司 | ||||||
| Traditional Chinese | 中國海洋石油總公司 | ||||||
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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 exchange; the other, China Oilfield Services, is listed on the Hong Kong and New York exchanges. In the 2020 Forbes Global 2000, CNOOC was ranked as the 126th largest public company in the world. In 2023, the company’s seat in Forbes Global 2000 was 85.