CNOOC Ltd. - S&P Global Ratings’ Credit Research

CNOOC Ltd.

CNOOC Ltd. - S&P Global Ratings’ Credit Research
CNOOC Ltd.
Published Nov 30, 2010
3282 words — Published Nov 30, 2010
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Extremely high likelihood of support from the Chinese government Competitive cost structure and long-life reserves Good growth prospects supported by a solid track record of reserves replacement Exposure to volatile oil and gas prices Growing exposure to regions with higher sovereign risk The rating on CNOOC Ltd. reflects the company's strong stand-alone credit profile and Standard&Poor's opinion that there is an "extremely high" likelihood that the People's Republic of China government (A+/Stable/A-1+) will provide sufficient and timely extraordinary support to CNOOC Ltd. in the event of financial distress. We assess CNOOC Ltd.'s stand-alone credit profile at 'a', reflecting our view of the company's strong business risk profile and minimal financial risk profile. CNOOC Ltd. is the core operating

  
Brief Excerpt:

RESEARCH CNOOC Ltd. Publication date: 30-Nov-2010 Primary Credit Analyst: Lawrence Lu, CFA, Hong Kong (852) 2533-3517; law_lu@standardandpoors.com Secondary Contact: Ryan Tsang, CFA, Hong Kong (852) 2533-3532; ryan_tsang@standardandpoors.com...

  
Report Type:

Full Report

Ticker
883@HK
Issuer
CNOOC Ltd.
GICS
Oil & Gas Exploration & Production (10102020)
Sector
Global Issuers
Country
China
Region
Emerging Markets
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "CNOOC Ltd." Nov 30, 2010. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/CNOOC-Ltd-834159>
  
APA:
S&P Global Ratings’ Credit Research. (). CNOOC Ltd. Nov 30, 2010. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/CNOOC-Ltd-834159>
  
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