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

CNOOC Ltd.

CNOOC Ltd. - S&P Global Ratings’ Credit Research
CNOOC Ltd.
Published Nov 28, 2011
3189 words — Published Nov 28, 2011
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 dominant market position in offshore China Good growth prospects and solid record of production growth Exposure to volatile oil and gas prices Growing exposure to regions with higher sovereign risk Parent company's slightly weaker consolidated financial risk profile than CNOOC Ltd.'s The rating on CNOOC Ltd. reflects the company's strong stand-alone credit profile and our opinion that there is an "extremely high" likelihood that the government of China (AA-/Stable/A-1+; cnAAA/cnA-1+) will provide sufficient and timely extraordinary support to CNOOC Ltd. in the event of financial distress. CNOOC Ltd. is the core operating subsidiary of China National Offshore Oil Corp. (CNOOC; AA-/Stable/--; cnAAA/--), which is one of three

  
Brief Excerpt:

RESEARCH CNOOC Ltd. Publication date: 28-Nov-2011 Primary Credit Analyst: Lawrence Lu, Hong Kong (852) 2533-3517; law_lu@standardandpoors.com Secondary Contact: Ryan Tsang, 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
Format:
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Summary: CNOOC Ltd. – 2012/05/18 – US$ 225.00

CNOOC Ltd. – 2012/11/27 – US$ 500.00

Summary: CNOOC Ltd. – 2012/11/27 – US$ 225.00

Summary: CNOOC Ltd. – 2011/11/28 – US$ 225.00

Summary: CNOOC Ltd. – 2011/05/31 – US$ 225.00

CNOOC Ltd. – 2010/11/30 – US$ 500.00

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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 28, 2011. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/CNOOC-Ltd-917179>
  
APA:
S&P Global Ratings’ Credit Research. (). CNOOC Ltd. Nov 28, 2011. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/CNOOC-Ltd-917179>
  
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