Is CNOOC (0883) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 7.0% / 30% | 15.2% / 30% | 2.6% / 30% | 1.07% / 5% | ✓ HALAL |
| DJIM | 7.0% / 33% | 15.2% / 33% | 2.6% / 33% | 1.07% / 5% | ✓ HALAL |
| MSCI | 8.7% / 33% | 18.9% / 33% | 3.2% / 33% | 1.07% / 5% | ✓ HALAL |
| S&P | 7.0% / 33% | 15.2% / 33% | 2.6% / 33% | 1.07% / 5% | ✓ HALAL |
| FTSE | 8.7% / 33% | 18.9% / 33% | 3.2% / 50% | 1.07% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 51.4% | |
| Operating Margin | 36.6% | |
| Net Margin | 30.7% | |
| Return on Equity (ROE) | 15.7% | |
| Return on Assets (ROA) | 10.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $220.9B |
| Free Cash Flow | $97.5B |
| Total Debt | $91.9B |
| Debt-to-Equity | 8.7 |
| Current Ratio | 3.2 |
| Total Assets | $1.1T |
Price & Trading
| Last Close | HKD 29.22 |
| 50-Day MA | HKD 25.92 |
| 200-Day MA | HKD 21.31 |
| Avg Volume | 134.5M |
| Beta | 0.4 |
|
52-Week Range
HKD 15.50
| |
About CNOOC (0883)
CNOOC Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas in worldwide. The company produces offshore crude oil and natural gas primarily in Bohai Sea, the Western South China Sea, the Eastern South China Sea, and the East China Sea in China. It also holds interests in various oil and gas assets in Asia, Africa, North America, South America, Oceania, and Europe. In addition, the company is involved in the sales and trading of petroleum and natural gas; oil sands exploration, development, and production; and exploration, development, and production of unconventional natural gas resources in onshore China, as well as in shale oil and gas activities. The company was incorporated in 1999 and is based in Hong Kong. CNOOC Limited operates as a subsidiary of CNOOC (BVI) LTD.
Purification Calculator
As a halal stock with 1.07% impermissible income, you need to purify your dividends.
Related Halal Stocks in Energy
Frequently Asked Questions
Is CNOOC (0883) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), CNOOC is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is CNOOC's debt ratio?
CNOOC's debt ratio is 7.0% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 8.7%.
Does CNOOC require dividend purification?
Yes, CNOOC has an impermissible income ratio of 1.07%, which means 1.07% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are CNOOC's key financial metrics?
CNOOC has a market capitalization of $1.4T, trailing P/E ratio of 10.0, and revenue of $426.3B. The company maintains a gross margin of 51.4% and a net margin of 30.7%. Return on equity stands at 15.7%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.