CNOOC Stock Sheds 4.8% in Hong Kong, Underperforms Competitors

Dow Jones16:31

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of CNOOC Ltd. slid 4.8% to 23.22 Hong Kong dollars on what proved to be an all-around poor trading session for the Hong Kong stock market, with the Hang Seng Index falling 2.2% to 26775.57.

This was the stock's second consecutive day of losses.

CNOOC Ltd. closed 9.2% below its 52-week high of HK$25.58, which the company reached Jan. 29.

The stock underperformed when compared to some of its competitors, as China Petroleum & Chemical Corp. fell 2.4% and PetroChina Co. Ltd. fell 3.6%.

Trading volume totaled 165.5 million shares, compared to the 50-day average of 81.9 million shares.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

February 02, 2026 03:31 ET (08:31 GMT)

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