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Overview
The China National Offshore Oil Corp (CNOOC) is a state-owned integrated energy company headquartered in Beijing, China. It is the largest producer of offshore crude oil and natural gas in China and one of the largest independent oil and gas exploration and production companies in the world. Founded in 1982, CNOOC operates under the direct jurisdiction of the State-owned Assets Supervision and Administration Commission of the State Council. The company has two major subsidiaries, CNOOC Limited and China Oilfield Services Limited. CNOOC's business operations include oil and gas exploration and production, oil refining and petrochemicals, and the sales and marketing of refined products. It also engages in power generation, renewable energy development, and financial services. The company's main areas of operation are offshore China, Africa, Southeast Asia, North America, South America, Oceania, Europe, and Asia. CNOOC is also involved in international trading and has partnerships and joint ventures with companies such as Shell, Chevron, and ExxonMobil. CNOOC has a strong focus on sustainable development and has implemented various initiatives to reduce its environmental impact and promote social responsibility in the communities where it operates. As of 2021, CNOOC has more than 100,000 employees and is listed on the Hong Kong, New York, and Toronto stock exchanges. It is ranked among the Fortune Global 500 companies and has consistently been recognized as one of China's top companies in terms of revenue and profits.
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