CNOOC Limited announced that its controlling shareholder, China National Offshore Oil Corporation (CNOOC Group), acquired a further 10.70 million shares between 5 March and 8 October 2026. The purchases comprise 3.19 million A-shares bought on the Shanghai Stock Exchange (0.0067 % of total issued shares) and 7.51 million Hong Kong-listed H-shares obtained via the Shanghai–Hong Kong Stock Connect (0.0158 %). The outlay for these latest transactions totaled RMB249.45 million (approximately 100.00 million for A-shares and 149.45 million for H-shares, both excluding taxes and fees).
Including previous tranches, CNOOC Group has now accumulated 35.70 million additional shares under its Shareholding Increase Plan—3.89 million A-shares (0.0082 % of issued capital) and 31.81 million H-shares (0.0669 %). Aggregate spending since the plan’s launch stands at RMB652.23 million (RMB130.00 million for A-shares and RMB522.23 million for H-shares).
The company noted that although 50 % of the plan’s scheduled duration has elapsed, the total amount invested remains below half of the lower bound originally targeted. Management cited overseas geopolitical developments, volatility in international crude prices and broader capital-market conditions as the main factors behind the slower-than-expected progress.
CNOOC Group confirmed it will continue to implement the Shareholding Increase Plan with internal funds and has committed not to reduce its holdings in CNOOC Limited during the execution period or within the legally required timeframe thereafter. The company will provide ongoing updates, while cautioning investors that market conditions could affect the eventual completion of the planned purchases.
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