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China National Offshore Oil

China National Offshore Oil (CNOOC) is a fully state-owned company headquartered in China. The company does not disclose its revenue. CNOOC is one of the largest national oil companies in China. It has subsidiaries which are publicly listed. The company focuses on the exploration and production of crude oil and fossil gas offshore in China. CNOOC is also involved in operations globally.
Ranking position
#73 /99
Total score
5.5 /100

0.7 /60
Core social indicators
3.5 /20
Just transition
1.3 /20

ACT score components

Performance score
0.5 /20
Narrative Score
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-99)


#1 0.0 /100 #66

Material investment

#1 6.1 /100 #51

Intangible investment

#1 0.0 /100 #11

Sold products

#1 0.5 /100 #67


#1 2.3 /100 #86

Supplier engagement

#1 3.8 /100 #42

Client engagement

#1 3.8 /100 #38

Policy engagement

#1 6.0 /100 #76

Business model

#1 5.0 /100 #59
Indicates the score for the top performing company.

Act Assessment

Leading Practices

No leading practices were identified for this company.

Risks and Opportunities


CNOOC receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. The company has not set group level targets, and is not expected to see emissions reductions. CNOOC is set to overshoot its scope 3 carbon budget by 30% between 2022 and 2050. Its scope 1, 2 and 3 emissions intensities are not predicted to decrease between 2021 and 2027. The company has some limited wind power activities, with a capacity of 7.25 megawatts, it does not show planned growth in this area to make a significant difference to its business model. The company is not showing signs of strategically repositioning itself for a low-carbon future

Progress towards the Paris Agreement

Social assessment

Just transition assessment

Core Social Assessment

See results for

  1. 2021

More about the company

Beijing, China
Fully state-owned

This company is part of the SDG2000, the 2,000 most influential companies

See company profile SDG2000