CNOOC (SHSE:600938) Construction In Progress : ¥1,623 Mil (As of Mar. 2024)

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What is CNOOC Construction In Progress?

CNOOC's quarterly construction in progress declined from Sep. 2023 (¥1,803 Mil) to Dec. 2023 (¥0 Mil) but then increased from Dec. 2023 (¥0 Mil) to Mar. 2024 (¥1,623 Mil).

CNOOC's annual construction in progress increased from Dec. 2021 (¥0 Mil) to Dec. 2022 (¥1,436 Mil) but then declined from Dec. 2022 (¥1,436 Mil) to Dec. 2023 (¥0 Mil).

CNOOC Construction In Progress Historical Data

The historical data trend for CNOOC's Construction In Progress 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 Construction In Progress Chart

CNOOC Annual Data

Trend

Dec14

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Dec19

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Dec21

Dec22

Dec23

Construction In Progress

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1,436.00

CNOOC Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Construction In Progress	Get a 7-Day Free Trial															1,569.00	-	1,803.00	-	1,623.00

CNOOC Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

CNOOC (SHSE:600938) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CNOOC Ltd (SHSE:600938) » Definitions » Construction In Progress

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00883:Hong Kong NC2B:Germany

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.

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