CNOOC (CEO) Accounts Payable & Accrued Expense : $14,283 Mil (As of Mar. 2024)

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What is CNOOC Accounts Payable & Accrued Expense?

CNOOC's quarterly accounts payable & accrued expense declined from Sep. 2023 ($18,803 Mil) to Dec. 2023 ($13,243 Mil) but then increased from Dec. 2023 ($13,243 Mil) to Mar. 2024 ($14,283 Mil).

CNOOC's annual accounts payable & accrued expense increased from Dec. 2021 ($11,376 Mil) to Dec. 2022 ($12,001 Mil) and increased from Dec. 2022 ($12,001 Mil) to Dec. 2023 ($13,243 Mil).

CNOOC Accounts Payable & Accrued Expense Historical Data

The historical data trend for CNOOC's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CNOOC Accounts Payable & Accrued Expense Chart

CNOOC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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8,964.46

8,796.66

11,376.45

12,001.38

13,242.91

CNOOC Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															13,177.23	17,539.45	18,803.22	13,242.91	14,282.72

CNOOC Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

CNOOC (CEO) Business Description

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Traded in Other Exchanges

00883:Hong Kong NC2B:Germany 600938:China

Address

1 Garden Road, 65th Floor, Bank of China Tower, Hong Kong, HKG, 999077

Website

https://www.cnoocltd.com

CNOOC is China's main offshore oil and gas exploration and production company. Through its parent company, it has exclusive rights to partner with foreign companies in offshore China projects. Production for 2022 averaged 1.71 million barrels of oil equivalent per day (78.5% oil), and year-end proven reserves were 6.24 billion barrels of oil equivalent, or boe, (73.8% oil). Assets outside China make up around 30.6% of production.