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CNOOC (CEO) Tax Rate % : 24.38% (As of Mar. 2024)


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What is CNOOC Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. CNOOC's Tax Expense for the three months ended in Mar. 2024 was $1,779 Mil. CNOOC's Pre-Tax Income for the three months ended in Mar. 2024 was $7,295 Mil. Therefore, CNOOC's Tax Rate % for the quarter that ended in Mar. 2024 was 24.38%.

CNOOC Tax Rate % Historical Data

The historical data trend for CNOOC's Tax Rate % 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.

* Premium members only.

CNOOC Tax Rate % Chart

CNOOC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.73 28.51 26.63 27.26 28.26

CNOOC Quarterly Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.79 27.02 26.81 33.95 24.38

CNOOC Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

CNOOC's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=6846.307/24225.372
=28.26 %

CNOOC's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2024 )/Pre-Tax Income (Q: Mar. 2024 )
=1778.935/7295.286
=24.38 %

* 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.

CNOOC Tax Rate % Related Terms

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CNOOC (CEO) Business Description

Industry
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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.