0883.HK - CNOOC Limited

CNOOC Limited

Bank of China Tower
65th Floor 1 Garden Road
Central
Hong Kong
852 2213 2500
https://www.cnoocltd.com

Sector(s): Energy
Industry: Oil & Gas E&P
Full-time employees: 21,245

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Xinhuai Zhou	CEO & Exec. Director	48.55k	N/A	1970
Mr. Qinglong Xia	Pres & Exec. Director	217.62k	N/A	1964
Mr. Weizhi Xie	Chief Financial Officer	N/A	N/A	1964
Mr. Yugao Xu	Gen. Counsel, Compliance Officer & Joint Company Sec.	N/A	N/A	1969
Ms. Jing Liu	Mang. of Media & PR	N/A	N/A	N/A
Mr. Xinjian Cao	Exec. VP	N/A	N/A	1966
Mr. Yun Yang	Exec. VP	N/A	N/A	1964
Ms. Sik Yu Tsue	Joint Company Sec.	N/A	N/A	1973

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in HKD.

Description

CNOOC Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas. It operates through, E&P and Trading Business segments. The company produces offshore crude oil and natural gas primarily in Bohai, the Western South China Sea, the Eastern South China Sea, and the East China Sea in offshore China. It also holds interests in various oil and gas assets in Asia, Africa, North America, South America, Oceania, and Europe. In addition, the company is involved in the sales and trading of petroleum and natural gas; oil sands exploration, development, and production; and exploration, development, and production of unconventional natural gas resources in onshore China, as well as shale gas exploration activities in the People's Republic of China. CNOOC Limited operates in China, Indonesia, Iraq, Russia, Canada, the United States, the United Kingdom, Nigeria, Uganda, Argentina, Brazil, Guyana, Australia, and internationally. The company was incorporated in 1999 and is based in Central, Hong Kong. CNOOC Limited is a subsidiary of China National Offshore Oil Corporation.

Corporate governance

CNOOC Limited’s ISS governance QualityScore as of 1 June 2023 is 5. The pillar scores are Audit: 3; Board: 1; Shareholder rights: 10; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.