Performance | COSL Full Year Earnings Up 22%, Dividend Increased

SighingCashier · 2026-03-24T09:32:22+00:00

CNOOC Oilfield Services announced last year's financial results, with shareholders' profit increasing to 3.842 billion yuan, earnings per share of 80.51 cents, and final dividend increasing to 28.25 cents. Revenue reached 50.282 billion yuan, representing 4.1% growth. The company expects capital expenditure of 8.44 billion yuan in 2026, which will be invested in equipment upgrades and technology research and development.

SighingCashier

2026-03-24 09:32:22

Abstract generation in progress

CNOOC Services (02883) announced its full-year results for the year ending last year, with a shareholder profit of 3.842 billion yuan, an increase of 22.47% year-on-year. Earnings per share were 80.51 cents, with a final dividend of 28.25 cents, up 22.51%.

During the period, revenue was 50.282 billion yuan, up 4.1% year-on-year.

It is preliminarily estimated that capital expenditures in 2026 will be 8.44 billion yuan, moderately higher than the investment in 2025. The funds will be allocated to equipment investment and upgrades, technological equipment updates and renovations, and technological R&D investments. The company will carry out equipment iterations in an orderly manner based on operational needs, laying a foundation for service capacity upgrades during the 14th Five-Year Plan.

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