中国海洋石油有限公司 关于 2023 年度募集资金存放与实际使用 情况的专项报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 证券代码：600938 证券简称：中国海油 公告编号：2024-008 一、募集资金基本情况 （一）实际募集资金金额、资金到账情况 经中国证券监督管理委员会《关于核准中国海洋石油有限公司首次公开发行 股票的批复》（证监许可〔2022〕632 号）的核准，中国海洋石油有限公司（以下 简称"本公司"或"公司"）首次公开发行人民币普通股（A 股）股票 299,000 万 股（含行使超额配售选择权所发新股），发行价格人民币 10.80 元/股，本次发行 最终募集资金总额为人民币 3,229,200.00 万元，扣除发行费用后的募集资金净额 为人民币 3,209,908.67 万元。上述款项已分别于 2022 年 4 月 18 日及 2022 年 5 月 23 日全部到位。安永华明会计师事务所（特殊普通合伙）对公司本次公开发 行新股的募集资金到位情况进行了审验，并于 2022 年 4 月 18 日及 2022 ...

中信证券股份有限公司 关于中国海洋石油有限公司 2023 年，公司使用募集资金人民币 602,908.75 万元。截至 2023 年 12 月 31 日，募集资金账户余额人民币 463,519.77 万元。 2023 年度募集资金存放与实际使用情况的专项核查报告 1 二、募集资金存放和管理情况 为规范募集资金的使用与管理，提高募集资金使用效益，保障募集资金的安 全，维护投资者的合法权益，公司按照《上市公司监管指引第 2 号——上市公司 募集资金管理和使用的监管要求》《上海证券交易所股票上市规则》《上海证券 交易所上市公司自律监管指引第 1 号——规范运作》等法律、法规、规范性文件 的规定，结合《中国海洋石油有限公司组织章程细则》及公司实际情况，制定了 《中国海洋石油有限公司募集资金管理办法》（以下简称《募集资金管理办 法》），对公司募集资金的存储、使用、管理及监督等方面做出了明确的规定。 根据有关法律法规及公司《募集资金管理办法》的要求，公司对募集资金采取了 专户存储制度，在银行设立募集资金专户。 中信证券股份有限公司（以下简称"保荐人"或"中信证券"）作为中国海洋石 油有限公司（以下简称"中国海油"或"公司 ...

中国海洋石油有限公司 内部控制审计报告 2023 年 12 月 31 日 内部控制审计报告 安永华明（2024）专字第70000500_A01号 中国海洋石油有限公司 中国海洋石油有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我们审 计了中国海洋石油有限公司（以下简称"贵公司"）2023年12月31日的财务报告内部 控制的有效性。 一、企业对内部控制的责任 四、财务报告内部控制审计意见 我们认为，中国海洋石油有限公司按照《企业内部控制基本规范》和相关规定于 2023年12月31日在所有重大方面保持了有效的财务报告内部控制。 A member firm of Ernst & Young Global Limited 1 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业内部控制 评价指引》的规定，建立健全和有效实施内部控制，并评价其有效性是贵公司董事会 的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表审计 意见，并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性， ...

Financial Performance - CNOOC Limited achieved a total revenue of RMB 416.609 billion in 2023, a slight decrease from RMB 422.230 billion in 2022[3]. - The net profit attributable to shareholders for 2023 was RMB 124.090 billion, down from RMB 141.677 billion in 2022, reflecting a decrease of approximately 12.5%[3]. - The company’s operating profit for 2023 was RMB 167.769 billion, down from RMB 193.325 billion in 2022[3]. - CNOOC Limited's total comprehensive income for 2023 was RMB 127.125 billion, compared to RMB 161.106 billion in 2022[4]. - Total revenue for 2023 was RMB 334,050 million, a decrease from RMB 364,574 million in 2022, reflecting a decline of approximately 8.3%[10]. - Oil and gas sales revenue for 2023 was RMB 327,867 million, down from RMB 352,956 million in 2022, representing a decrease of about 7.1%[10]. - The exploration and production segment reported a profit of RMB 124,090 million in 2023, down from RMB 141,677 million in 2022, reflecting a decline of 12.5%[12]. - The company's operating revenue for 2023 was RMB 416.609 billion, down 1.3% from RMB 422.230 billion in 2022, primarily due to the impact of declining international oil prices[38]. - The basic and diluted earnings per share for 2023 are RMB 2.60, down from RMB 3.03 in 2022, representing a decline of approximately 14.2%[19]. Production and Exploration - The company reported an oil and gas production of 678 million barrels of oil equivalent, marking a historical high for five consecutive years[2]. - The company made nine new discoveries in oil and gas exploration during the year, achieving the best net proven reserves in history[2]. - The company maintained a net proven reserve of approximately 6.78 billion barrels of oil equivalent, with a reserve replacement ratio of 180% in 2023[30]. - The net production for 2023 reached 67.8 million barrels of oil equivalent, representing an 8.7% year-on-year increase[30]. - The company plans to increase the proportion of natural gas in its total production by 2025, supported by major gas fields in the South China Sea and Bohai Sea[28]. Costs and Expenses - The average cost per barrel of oil was USD 28.83, reinforcing the company's cost competitiveness[2]. - Operating expenses increased to RMB (34,802) million in 2023 from RMB (31,566) million in 2022, representing an increase of 7.8%[12]. - The company's exploration expenses in 2023 were RMB 13,716 million, a decrease of 2.4% from RMB 14,058 million in 2022, reflecting a focus on maintaining exploration efforts[42]. - Depreciation, depletion, and amortization expenses increased to RMB 68,947 million in 2023 from RMB 62,852 million in 2022, a rise of 9.0%[16]. Dividends and Shareholder Returns - CNOOC Limited proposed a final dividend of HKD 0.66 per share for the year 2023[2]. - The interim dividend per share for 2023 is HKD 0.59, a decrease from HKD 0.70 in 2022, which is a reduction of about 15.7%[20]. - The board proposed a final dividend of HKD 0.66 per share for the fiscal year 2023, totaling HKD 31,394 million, which represents 44% of the net profit attributable to shareholders[61]. Assets and Liabilities - Non-current assets totaled RMB 755,323 million in 2023, compared to RMB 664,352 million in 2022, indicating a growth of about 13.7%[5]. - Current assets decreased to RMB 250,275 million in 2023 from RMB 264,679 million in 2022, a decline of approximately 5.4%[5]. - Total liabilities decreased from RMB 330,648 million in 2022 to RMB 337,722 million in 2023, reflecting a reduction of about 2.1%[6]. - Net assets increased to RMB 667,876 million in 2023, up from RMB 598,383 million in 2022, representing an increase of approximately 11.6%[6]. - The company's total liabilities as of December 31, 2023, were RMB 337,722 million, a 2.1% increase from RMB 330,648 million in 2022, indicating stable leverage[50]. Future Plans and Strategic Focus - CNOOC Limited plans to focus on increasing reserves and production while enhancing its digital transformation and green energy initiatives in 2024[2]. - The company aims for a production target of 700-720 million barrels of oil equivalent in 2024, with a reserve replacement ratio target of no less than 130%[59]. - The company plans to maintain capital expenditures between RMB 125 billion and RMB 135 billion for 2024[59]. Workforce and Governance - As of December 31, 2023, the company employed 19,511 staff in China and 2,275 overseas, indicating a diversified workforce[57]. - The company has established a market-oriented employment structure and a reasonable compensation framework[57]. - The company has complied with all provisions of the Corporate Governance Code during the fiscal year ending December 31, 2023[66]. Risks and Uncertainties - The company acknowledges that actual results may differ significantly from current expectations due to uncertainties such as oil and gas price fluctuations and macroeconomic factors[69]. - The company cannot guarantee that expected performance or developments will be achieved, nor can it assure that they will have the anticipated effects on the business[69].

中国海油（600938） 发现秦皇岛 27-3 亿吨级油田，增储上产继续 推进 2024 年 03 月 18 日 | --- | --- | --- | --- | --- | --- | |------------------------------|---------|---------|---------|---------|---------| | 盈利预测与估值 [Table_EPS] | 2021A | 2022A | 2023E | 2024E | 2025E | | 营业总收入（百万元） | 246,111 | 422,230 | 412,355 | 431,387 | 449,390 | | 同比 | 58.40% | 71.56% | -2.34% | 4.62% | 4.17% | | 归母净利润（百万元） | 70,320 | 141,700 | 127,937 | 140,412 | 149,490 | | 同比 | 181.77% | 101.51% | -9.71% | 9.75% | 6.47% | | EPS- 最新摊薄（元 / 股） | 1.48 | 2.98 | 2.69 ...

Investment Rating - The report maintains a "Buy" rating for China National Offshore Oil Corporation (CNOOC) [1][3] Core Views - CNOOC successfully discovered the Qinhuangdao 27-3 oil field with an estimated geological oil reserve of 104 million tons, and initial tests show a daily production of approximately 742 barrels per well [2] - The company has raised its production targets for 2024-2025, with a net production target of 700-720 million barrels of oil equivalent for 2024, reflecting a year-on-year increase of 3.7% to 6.7% [2] - CNOOC plans to increase capital expenditures, with a total budget of RMB 125-135 billion for 2024, and has adjusted its 2023 capital expenditure to approximately RMB 128 billion [2] - The company is focused on shareholder returns, maintaining a dividend payout ratio of no less than 40% from 2022 to 2024, with an absolute dividend value of no less than HKD 0.70 per share [3] - The report adjusts the net profit forecasts for 2023-2025 to RMB 127.8 billion, RMB 139.7 billion, and RMB 148.6 billion respectively, with year-on-year growth rates of -10%, 9%, and 6% [3] Financial Summary - Total revenue for 2023 is projected at RMB 412.36 billion, with a year-on-year growth of 3.47% [1][6] - The net profit for 2023 is expected to be RMB 127.81 billion, reflecting a decrease of 9.80% compared to the previous year [1][6] - The earnings per share (EPS) for 2023 is estimated at RMB 2.69, with a price-to-earnings (P/E) ratio of 5.90 [1][6] - The company’s total assets are projected to reach RMB 1,195.52 billion by 2024, with a debt-to-asset ratio of 36.80% [4][6]

Investment Rating - The report maintains a "Recommended" rating for the company [1][6]. Core Views - The company has achieved two significant oil discoveries in 2024, indicating strong growth potential in energy reserves [6]. - The company’s production targets for 2024-2026 are set at 700-720 million barrels of oil equivalent, with a compound annual growth rate (CAGR) of 6.27%-7.13% from 2023 to 2026 [6]. - The report anticipates a positive performance in Q1 2024, driven by effective cost control and strong production [6]. - The company is expected to have net profits of 126.01 billion, 137.67 billion, and 147.25 billion yuan for 2023, 2024, and 2025 respectively, with corresponding earnings per share (EPS) of 2.65, 2.89, and 3.10 yuan [6]. Financial Forecasts - Revenue projections are as follows: 422.23 billion yuan in 2022, 395.29 billion yuan in 2023 (a decrease of 6.4%), 420.93 billion yuan in 2024 (an increase of 6.5%), and 449.55 billion yuan in 2025 (an increase of 6.8%) [3][5]. - The net profit attributable to shareholders is forecasted to be 141.70 billion yuan in 2022, 126.01 billion yuan in 2023 (a decrease of 11.1%), 137.67 billion yuan in 2024 (an increase of 9.3%), and 147.25 billion yuan in 2025 (an increase of 7.0%) [3][5]. - The company’s price-to-earnings (PE) ratio is projected to be 9 for 2022, 11 for 2023, 10 for 2024, and 9 for 2025 [3][5]. Production and Operational Highlights - The company has successfully increased daily oil production to over 10,000 tons, setting a historical record [6]. - The company’s new discoveries and production upgrades are expected to provide solid support for future output increases [6]. - The report highlights the company’s strong cost control measures and operational efficiency, which are crucial for maintaining profitability amid fluctuating oil prices [6].

证券分析师： 薛聪 010-88005107 xuecong@guosen.com.cn 执证编码：S0980520120001 买入 根据埃克森美孚年报披露，圭亚那 Stabroek 区块目前探明储量达 110 亿桶以上，目前已投产设计产能为 58 万桶/天，预计到 2027 年总产量超过 120 万桶/天，中国海油具备 25%权益。 2）公司资产遍及国内外，海外产量增速更快：分区域来看，2023 年前三季度国内净产量占比 69%，海外 净产量占比为 31%。其中国内净产量 345.5 百万桶油当量（合 127 万桶油当量/天），同比增长 6.7%，海 外净产量 154.1 百万桶油当量（合 56 万桶油当量/天），同比增长 11.8%。国外产量增速高于国内，主要 得益于圭亚那 Stabroek 区块 Liza 二期和巴西 Buzios 油田的产量贡献。 1 ◆ 公司油气资源规模大，坚持增储上产，产量快速增长 2022 年，公司净产量达到 624 百万桶油当量，同比增长 8.9%; 2023 年前三季度，公司净产量为 499.7 百 万桶油当量（考虑权益法核算的净产量 15.5 百万桶油当量），同比增长 8 ...

证券代码：600938 证券简称：中国海油 公告编号：2024-004 中国海洋石油有限公司 关于召开 2023 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 投资者可于 2024 年 03 月 14 日(星期四) 至 03 月 20 日(星期三)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 IR@cnooc.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 中国海洋石油有限公司（以下简称"公司"）将于 2024 年 03 月 21 日闭市后 发布公司 2023 年年度报告。为便于广大投资者更全面深入地了解公司 2023 年经 营成果和财务状况，公司计划于 2024 年 03 月 21 日下午 17:00-18:00 举行 2023 年年度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次业绩说明会以网络直播、电话会议和网络互动形式召开，公司将针对 2023 年的经营成果及财务指标的具体情况与投资者进行互动交流和沟通 ...

| --- | --- | --- | --- | --- | |-----------------------|---------|---------|---------|---------------------| | 现金流量表 \n会计年度 | 2022 | 2023E | 2024E | 单位:百万元 \n2025E | | 经营活动现金流 | 205,574 | 184,438 | 183,774 | 209,751 | | 现金收益 | 206,217 | 180,561 | 183,940 | 210,246 | | 存货影响 | -536 | -378 | -296 | -437 | | 经营性应收影响 | -9,069 | 4,742 | 2,237 | 229 | | 经营性应付影响 | 10,799 | 3,621 | 2,834 | 4,189 | | 其他影响 | -1,838 | -4,108 | -4,942 | -4,476 | | 投资活动现金流 | -98,473 | -56,324 | -51,683 | -71,148 | | 资本支出 | -68,729 | -56 ...