CNOOC Limited manages China's offshore oil and gas exploration and production activities, in partnership with international oil and gas firms. Under Chinese government-regulated production sharing contracts, CNOOC Limited has the sole right to acquire up to 51% of any successful discovery offshore China made by foreign partners. CNOOC Limited has 2.6 billion barrels of oil equivalent in estimated proved reserves, primarily in the South China Sea. CNOOC Limited is also engaged in oil refining, natural gas processing, and refined products marketing. The oil producer has a net production of 469.4 barrels of oil equivalent per day. To grow it global assets, in 2012 the company agreed to buy
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| Income Statement | 2011 | 2010 | 2009 |
|---|---|---|---|
| Revenue | $37852.3024 | $27677.626452 | $15390.0397651 |
| Gross Profit | $22055.4261 | $17676.3325032 | $9106.449352 |
| Operating Income | $14234.3597 | $10796.4886176 | $5899.486054 |
| Net Income | $11037.0605 | $8226.7236576 | $4313.7396225 |
| Diluted EPS | $24.66 | $18.3 | $9.66 |
| Cash Flow (mil) | 2011 | 2010 | 2009 |
|---|---|---|---|
| Cash at the beginning of the year | $5983.1387 | $3308.5798 | $2883.22 |
| Net Operating Cash | $18250.465 | $12624.935 | $7733.1084 |
| Net Investing Cash | $-15558.556 | $-9797.762 | $-5931.1055 |
| Net Financing Cash | $-3180.6465 | $-194.16953 | $-1375.7009 |
| Net Change in Cash | $-488.7381 | $2633.0034 | $426.3021 |
| Cash at end of the year | $3719.8137 | $5983.1387 | $3308.5798 |
| Capital Expenditure | $-8290.639 | $-6172.094 | $-6382.5986 |
| Assets (mil) | 2011 | 2010 | 2009 |
|---|---|---|---|
| Current Assets | |||
| Cash | $3719.8137 | $5983.1387 | $3308.5798 |
| Net Receivables | $3285.9036 | $3086.5496 | $1953.1302 |
| Inventories | $688.098 | $616.33594 | $460.2386 |
| Other Income Assets | $13031.288 | $5532.682 | $4646.5464 |
| Asset Summary | |||
| Total Current Assets | $20725.104 | $15218.706 | $10368.495 |
| Net Fixed Assets | $34651.074 | $32104.39 | $24186.297 |
| Other Noncurrent Assets | $4991.6953 | $2259.351 | $889.0487 |
| Total Assets | $60367.875 | $49582.45 | $35443.84 |
| Liabilities (mil) | 2011 | 2010 | 2009 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $ | $ | $ |
| Short Term Debt | $3129.275 | $3270.5579 | $17.86206 |
| Other Current Liabilities | $7901.6587 | $7224.247 | $4523.575 |
| Liability Summary | |||
| Total Current Liabilities | $11030.934 | $10494.805 | $4541.4375 |
| Long Term Debt | $2839.7395 | $1771.4666 | $2716.7998 |
| Other Noncurrent Liabilities | $5202.5234 | $4692.365 | $2738.8398 |
| Total Liabilities | $19073.197 | $16958.637 | $9997.077 |
| Stakeholder's Equity (mil) | 2011 | 2010 | 2009 |
|---|---|---|---|
| Equity | |||
| Preferred Stock Equity | $ | $ | $ |
| Common Stock Equity | $41294.676 | $32623.81 | $25446.764 |
| Equity Summary | |||
| Total Equity | $41294.676 | $32623.81 | $25446.764 |
| Shares Outstanding | 446.59 | 446.69 | 446.69 |