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CNOOC (CEO)

(Delayed Data from NYSE)

$121.76 USD

121.76
NA

0.00 (0.00%)

Updated Mar 8, 2021 04:00 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.10%
2Buy17.80%
3Hold9.50%
4Sell2.70%
5Strong Sell2.70%
S&P50011.20%

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Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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NA Value NA Growth NA Momentum NA VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 37% (93 out of 250)

Industry: Oil and Gas - Integrated - Emerging Markets

Zacks News

Chevron Offers to Buy All Outstanding Units in Noble Midstream

Chevron (CVX) proposes to buy the remaining Noble Midstream (NBLX) units not currently held by the company in a deal valuing the partnership at $1.13 billion.

Sanghamitra Saha headshot

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Bet on these top-ranked stocks with rising P/E to realize outsized gains.

CNOOC (CEO) Foresees 2021 Production to Jump on Higher Capex

CNOOC (CEO) expects 19 new projects to come online in 2021 compared with eight last year.

ExxonMobil (XOM) Starts Bulletwood-1 Drilling Offshore Guyana

ExxonMobil (XOM) is using the Stena Carron drillship for Bulletwood-1 well in the Canje Block.

Petrobras (PBR) Unearths Great Quality Oil in Buzios Well

Petrobras (PBR) hits oil of finest quality after drilling a new 9-BUZ-48D-RJS well in its deepwater Buzios field in the Santos Basin.

ExxonMobil (XOM) Reaches Liza-1 Well Production Goal in Guyana

ExxonMobil (XOM) expects production from Liza Phase 2 to reach 220,000 bpd.

Shell (RDS.A) to Divest 26.25% Interest in QCLNG for $2.5B

Shell's (RDS.A) $2.5 billion worth asset sale is in line with its strategy to divest non-core assets for a further portfolio upgrade.

CNOOC (CEO) Kicks Off Penglai 25-6 Oilfield Area 3 Output

CNOOC (CEO) expects the Penglai 25-6 oilfield area 3 project to reach peak production capacity of 11,511 barrels of oil per day in the year 2023.

ExxonMobil (XOM) Makes New Discovery in Offshore Suriname

The latest discovery by ExxonMobil (XOM) enhances its footprint in the South American region, enabling it to build up on its Guyana-Suriname basin success.

Covanta Holding's (CVA) Steady Investments to Boost Portfolio

Covanta Holding's (CVA) focus on developing a total ash processing system along with strategic investments is likely to drive its operating performance.

Petrobras (PBR) Ends Sale of Stakes in Onshore Fields of Bahia

Petrobras (PBR) sells four onshore concessions, namely Conceicao, Querera, Fazenda Matinha and Fazenda Santa Rosa to Eagle.

Canadian Natural (CNQ) Hikes 2021 CapEx & Production View Y/Y

Canadian Natural (CNQ) expects its overall 2021 production within 1.19-1.26 million barrels of oil equivalent, implying an uptick above this year's envisioned output of 1.16 million bpd.

Chevron (CVX) Puts a Unit at Wheatstone Offshore Plant on Hold

A unit at Chevron's (CVX) Wheatstone LNG export facility in Australia is shut down due to a technical glitch noticed at the time of its routine maintenance trials.

Cheniere (LNG) Ships First Cargo From Train 3 of CCL Project

Cheniere Energy (LNG) dispatches the first commissioned cargo from Train 3 at the Corpus Christi liquefied natural gas export terminal onto LNG tanker La Mancha Knutsen.

Magellan (MMP) Tank Farm Catches Fire Injuring Seven Workers

The Magellan Midstream (MMP) tank farm consists of 60 storage tanks and a small refinery, all of which are thankfully spared by the blaze.

NuStar (NS) Closes the Sale of Texas City Terminals for $106M

NuStar Energy (NS) aims to use the funds generated from the sell-off to lower its debts and bear capital expenditures to be compatible with the existing environment in the oil and gas industry.

Should Value Investors Buy CNOOC (CEO) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Petrobras (PBR) Looks Out for Final Offers for RLAM Refinery

Petrobras (PBR) is currently on track to sell eight refineries and all the sales are estimated to be completed by the first quarter of 2022.

Where Will Chevron (CVX) Spend the Bulk of Its 2021 Capex?

Chevron (CVX) allocates 83% of its total budget to upstream operations. The company will invest $5 billion in the US-based upstream projects and $6.5 billion in the international upstream programs.

Here's Why You Should Retain Murphy USA (MUSA) Stock for Now

Murphy USA's (MUSA) strong operational efficiency and a number of tailwinds will allow the stock to realize a sustainable EBITDA worth above $500 million next year.

HollyFrontier (HFC) to Increase 2021 Capital Expense by Twofold

HollyFrontier (HFC) expects to spend in the range of $500-$530 million on its renewables business in 2021, higher than $130-$145 million guided for 2020.

Suncor Energy (SU) Hikes 2021 CapEx & Production View Y/Y

Suncor Energy (SU) expects its average upstream production for next year within 740,000-780,000 barrels of oil equivalent per day.

CNOOC (CEO) Moves to Buy: Rationale Behind the Upgrade

CNOOC (CEO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Petrobras (PBR) Slashes 2021-2025 CapEx Guidance Amid Coronavirus

Petrobras (PBR) projects $46 billion expense on exploration and production for the 2021-2025 period compared with $64 billion guided a year earlier.

Suncor (SU) to Take Operatorship of Syncrude JV by 2021

Suncor (SU) agrees to become the operator of the Syncrude Project, a joint venture for making Syncrude regionally and globally competitive, with synergies worth $300 million.