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CNOOC LIMITED
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Business Summary
Financial Summary
Consolidated Statement of Profit or Loss and Other Comprehensive Income (Year ended December 31)
2019
2020
2021
2022
2023
Total revenues
233,199
155,372
246,111
422,230
416,609
Total expenses
(149,004)
(118,983)
(150,132)
(228,905)
(248,840)
(Finance costs)/interest income, net
(4,798)
(4,717)
(4,678)
(3,047)
(549)
Share of profits/(losses) of associates and a joint venture
1,002
(632)
346
1,911
1,931
Investment income
4,632
2,978
2,850
2,085
3,084
Profit before tax
85,649
34,907
95,821
194,770
172,974
Income tax expense
(24,604)
(9,951)
(25,514)
(53,093)
(48,884)
Profit for the year
61,045
24,956
70,307
141,677
124,090
Expressed in Millions of RMB
Consolidated Statement of Financial Position (As of 31 December)
2019
2020
2021
2022
2023
Current assets
205,935
163,391
207,982
264,679
250,275
Property, plant and equipment
440,554
446,668
465,451
532,719
592,920
Investments in associates and a joint venture
45,490
42,366
41,540
48,927
51,252
Intangible assets
16,306
15,129
14,864
16,600
16,769
Total assets
757,731
721,275
786,569
929,031
1,005,598
Current liabilities
(91,249)
(74,852)
(93,951)
(113,391)
(123,939)
Non-current liabilities
(218,256)
(212,493)
(210,642)
(217,257)
(213,783)
Total liabilities
(309,505)
(287,345)
(304,593)
(330,648)
(337,722)
Equity
448,226
433,930
481,976
598,383
667,876
Expressed in Millions of RMB