Insight
Strategy update: CNOOC 2020 strategy preview
Report summary
CNOOC Ltd’s latest strategy update highlights its commitment to a traditional upstream business model, in contrast to industry trends du jour. The company is eschewing capital discipline and the focus on shareholder returns in favour of higher production targets and more spending. But there was no discussion on the energy transition at the 2020 strategy update. This felt like a missed opportunity, particularly for a company with an internal new energies business unit.
Table of contents
- Overview
-
Key messages
- Investment returns to pre-crash levels
- High-risk exploration and IOR are critical to long-term success
- Upgraded production outlook
- No dividend update but yield remains competitive
Tables and charts
This report includes 3 images and tables including:
- CNOOC Ltd: upstream capex guidance vs realised spend
What's included
This report contains:
Other reports you may be interested in
28 January 2019
Corporate week in brief: Eni and OMV diversify with US$5.8 billion UAE downstream deal
Insight
Corporate week in brief: Eni and OMV diversify with US$5.8 billion UAE downstream deal
Eni and OMV in US$5.8 billion UAE downstream deal, Australian E&P’s update, CNOOC Ltd outlines 2019 strategy, drill-bit success in Mexico.
$70013 February 2020
Strategy Update: Lundin Capital Markets Day 2020
Insight
Strategy Update: Lundin Capital Markets Day 2020
The highlight of Lundin Petroleum’s strategy day was the unveiling of a decarbonization roadmap.
$1,35018 March 2019
Strategy update: Eni Strategy Day 2019
Insight
Strategy update: Eni Strategy Day 2019
A growing to decarbonisation and the initiation of a share buyback programme were the highlights of Eni's 2019 Strategy Day
$1,350
Trusted by leading organisations
