CNOOC Historical Income Statement
| 600938 Stock | 26.21 0.32 1.21% |
Historical analysis of CNOOC income statement accounts such as Interest Income of 1.9 B, Interest Expense of 2.9 B or Selling General Administrative of 10 B can show how well CNOOC Limited performed in making a profits. Evaluating CNOOC income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of CNOOC's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining CNOOC Limited latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether CNOOC Limited is a good buy for the upcoming year.
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About CNOOC Income Statement Analysis
CNOOC Limited Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to CNOOC shareholders. The income statement also shows CNOOC investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
CNOOC Income Statement Chart
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Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Total Revenue
Total revenue comprises all receipts CNOOC Limited generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of CNOOC Limited minus its cost of goods sold. It is profit before CNOOC operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most accounts from CNOOC's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into CNOOC Limited current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CNOOC Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At present, CNOOC's Interest Expense is projected to decrease significantly based on the last few years of reporting. The current year's Minority Interest is expected to grow to about 27.8 M, whereas Tax Provision is forecasted to decline to about 31.1 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.2B | 3.1B | 2.4B | 2.9B | Interest Income | 1.3B | 3.0B | 3.4B | 1.9B |
CNOOC income statement Correlations
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CNOOC Account Relationship Matchups
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Other Information on Investing in CNOOC Stock
CNOOC Limited Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to CNOOC shareholders. The income statement also shows CNOOC investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).