CNOOC Energy Technology Hits Day High with Strong 3.79% Intraday Surge

CNOOC Energy Technology & Services has experienced a notable increase of 3.79% on February 24, 2026, reaching an intraday high of CNY 4.67. This performance stands in contrast to the broader market, as the China Shanghai Composite index declined by 1.26% on the same day. Over the past week, CNOOC has shown a robust performance with an 8.14% increase, and its monthly performance is even more impressive at 18.93%. Year-to-date, the stock has gained 21.09%, significantly outperforming the China Shanghai Composite, which has only risen by 2.85%. Despite these positive trends, the company has faced challenges in the past year, generating a return of 8.82%, which is below the market average of 22.49%. Key financial metrics indicate a return on equity of 14.11% and a price-to-book ratio of 1.42, suggesting an attractive valuation. Additionally, the company maintains a dividend yield of 3.5%, reflecting its commitment to returning value to shareholders. Overall, CNOOC Energy Technology & Services continues to navigate a competitive landscape within the oil industry.