Is CNOOC a central or state-owned enterprise?

CNOOC is a central enterprise and a state-owned enterprise.

CNOOC is a very large state-owned enterprise (central enterprise) directly under the State-owned Assets Supervision and Administration Commission of the State Council of China. It is China's largest offshore oil and gas producer. Since its establishment, CNOOC has maintained a good development momentum as an upstream company solely engaged in oil and gas exploration. A comprehensive energy group with a complete industrial chain, it has formed business segments such as oil and gas exploration and development, professional technical services, refining and chemical sales, and fertilizers.

China National Offshore Oil Corporation, referred to as "CNOOC" or "CNOOC". Headquartered in Beijing, it currently has 98,750 employees and has four upstream branches in Tianjin, Zhanjiang, Shanghai and Shenzhen. China National Offshore Oil Corporation ranked 64th in the 2020 list of the world's top 500 companies released by the US Fortune magazine. In the 2015 Top 500 Chinese Brands hosted by the "China Brand Value Research Institute", it ranked 27th in the list.

Capital Operations

Since its establishment in 1982, CNOOC has successfully implemented major initiatives such as reform and reorganization, capital operations, overseas mergers and acquisitions, and upstream and downstream integration. The enterprise has achieved leapfrog development and its comprehensive competitive strength has been continuously enhanced. It has maintained a good development trend and has developed from an upstream company solely engaged in oil and gas exploration to an international energy company with outstanding main business and complete industrial chain. It has formed six major business sectors: oil and gas exploration and development, professional technical services, refining and chemical sales and fertilizers, natural gas and power generation, financial services, and new energy.

On July 12, 2017, China National Offshore Oil Corporation was awarded Grade A in the 2016 operating performance assessment by the State-owned Assets Supervision and Administration Commission. In 2018, CNOOC ranked 87th on the Fortune Global 500 list and 6th on Forbes' 2018 list of the world's best employers. On December 5, the CEO of China National Offshore Oil Corporation won the Best Listed Company CEO at the 8th Hong Kong International Financial Forum and China Securities Gold and Bauhinia Awards. The person in charge of central enterprises in 2020, an A-level enterprise in business performance assessment.