China National Offshore Oil Corporation (CNOOC Limited) | Sustainability Performance
Engages in offshore oil and gas exploration, production, refining, and energy-related operations.
1999
China
10,001+ employees
Oil & Energy
$10B+ in revenue
$10B+ in profitability
Sustainability Ranking & Industry Benchmark
#13501
Overall#1106
in China#401
in Oil & EnergySustainability Maturity
Sustainability Intent
Overview
Environmental
Carbon emissionsEnergy consumptionWaste ManagementWater ManagementGovernance
TargetsESG scores and ExclusionsFinancial Data
Business performanceCapital & innovationAnalyst projections
CO2 scope 1 + 2
Aligned
Renewable energy
Laggard
Waste generated
Aligned
Market cap
Revenue
R&D intensity
Carbon emissions
Reveal data for 1 credit
Industry rank: 79 out of 426
Total CO2 emissions
(CO2e tonnes)
Industry rank: 79 out of 426
Scope 1
Scope 2 location based
Scope 3 downstream
Scope 3 upstream
Industry benchmark
(adj. for revenues)
(adj. for revenues)
Renewable energy
Reveal data for 1 credit
2%2024
Industry rank: 55 out of 426
Total energy consumption
and % renewables
(MWh, % of consumption)
Industry rank: 55 out of 426
Total energy
Share of renewable energy
Industry benchmark
Renewable electricity
Reveal data for 1 credit
Industry rank: Beyond Top 100
Total electricity consumption
and % renewables
(MWh, % of consumption)
Industry rank: Beyond Top 100
Total electricity
Share of renewable electricity
Industry benchmark
Intensity
Greenhouse gas intensity Scope 1, 2 (tCO₂e /$M)
Energy consumption (direct) intensity (MWh /$M)
Industry Benchmark
239.5
B/M 253.6
644.5
B/M 156.1
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Waste
Reveal data for 1 credit
145.8K2024
Total waste generated (tonnes)
Total waste
Recovered & recycled
Not-recovered & not-recycled
Industry Benchmark
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Controversy level
- China National Offshore Oil Corporation (CNOOC, Chinese state-controlled 64%+) has faced sustained scrutiny over the contested historic 2024 sustained CNOOC Russian Arctic LNG-2/Sakhalin LNG sustained operations post-2022 sanctions affecting Hong Kong-listed institutional ESG investor concerns over CNOOC's Russian energy operations, plus the historic 2011 Penglai 19-3 oilfield Bohai Bay oil spill (3,000+ barrels) affecting Chinese state-affiliated institutional shareholders.
Carbon emissions breakdown
Reveal data for 2 credits
| KPI | Metric | Year | |||||
|---|---|---|---|---|---|---|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | Benchmark | ||
| ******* | ******* | - | - | - | ******* | ******* | ******* |
| ******* | ******* | - | - | - | ******* | ******* | ******* |
| ******* | ******* | - | - | - | ******* | ******* | ******* |
Waste management
Reveal data for 2 credits
| KPI | Metric | Year | |||||
|---|---|---|---|---|---|---|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | Benchmark | ||
| ******* | ******* | - | - | - | ******* | ******* | ******* |
| ******* | ******* | - | - | - | ******* | ******* | ******* |
Water management
Reveal data for 2 credits
| KPI | Metric | Year | |||||
|---|---|---|---|---|---|---|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | Benchmark | ||
| ******* | ******* | - | - | - | ******* | - | ******* |
| ******* | ******* | - | - | - | - | ******* | ******* |
| ******* | ******* | - | - | - | ******* | - | ******* |
Market cap
Revenue
EBITDA
Operating margin
Revenue & EBITDA
$59.0BFY2024 revenue
Total Annual
Revenue & EBITDA
($ B)
Annual revenue
EBITDA
3 year change
Margin trends
Margin as % of revenue
Gross margin
Operating margin
Net margin
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Free cashflow
Capex
Debt/equity ratio
R&D intensity
0.4%FY2024
R&D as % of revenue
Return on invested capital (ROIC)
Industry benchmark
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Return on invested capital
16.0%FY2026
Return on invested capital (ROIC)
Industry benchmark
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Analyst revenue estimates & actuals
Analyst consensus vs actuals
($ B)
Actual revenue
Consensus estimates
Estimate only
59.2
▲ 6.2%
58.4
▲ 2.9%
59.0
▼ 6.8%
397.7
2029Powered by illuminem
Environmental policy coverage
Carbon reduction policy
Available
Human rights policy
Available
Recycling policy
Not available
Workplace health & safety policy
Available
29%
Independent Directors
4 out of 14 incl. management
Overall score
90
Environment
99
Social
99
Governance
73
Exclusion screening
Adult content
Not available
Alcoholic
Not available
Animal testing
Not available
Firearms
Not available
Tobacco
Not available
Gambling
Not available
Nuclear
Not available
