CNOOC has published its 2025 Environmental, Social and Governance (ESG) Report, detailing production highs, expanding clean-energy capacity and measurable progress on climate goals.
• Production & Reserves – Net oil and gas output rose 7.0 % year on year to 777.30 million barrels of oil equivalent (BOE). – Net natural-gas production climbed 11.6 % to 1,037.30 billion cubic feet. – Net proved reserves stood at 7.77 billion BOE.
• Financial Performance & Economic Contribution – Oil-and-gas sales revenue reached RMB 335.70 billion, with net profit attributable to shareholders of RMB 122.10 billion. – Capital expenditure totalled RMB 120.50 billion; tax payments amounted to RMB 93.13 billion. – Over 23 thousand jobs were supported worldwide.
• Climate Strategy & Emissions – Total greenhouse-gas emissions were 16.87 million tonnes CO₂e; domestic emission intensity declined to 0.156 tonnes CO₂e per tonne of oil-and-gas output. – Eighteen energy-saving projects cut 513.30 thousand tonnes CO₂e and saved 205.90 thousand tonnes of standard coal, backed by RMB 480 million of investment. – Green electricity consumption reached 1.08 billion kWh; the 2026 target is 1.80 billion kWh. – CCS/CCUS annual storage hit 205.50 thousand tonnes CO₂e, supported by China’s first offshore CCUS project at the Enping 15-1 platform.
• Renewable & Low-Carbon Expansion – More than 11 GW of new-energy resources were secured, exceeding the 2025 target of 5-10 GW. – Construction started on the world’s first 16 MW TLP floating wind platform at Lufeng and the Hainan CZ7 offshore wind project. – The “Haiyou Guanlan” deep-sea floating wind platform generated over 26 million kWh in its first full year of operation.
• Safety & Workforce – Total recordable occupational injury rate for employees remained low at 0.06 per million work hours; zero work-related fatalities were recorded. – Women accounted for 16.6 % of total staff and 16.0 % of middle- and senior-level managers. – Training averaged 346 hours per employee, under a multi-tier talent-development system.
• Community & Governance – External donations and public-welfare spending exceeded RMB 134 million across education, healthcare, ecological protection and rural revitalisation. – Rural-revitalisation investment topped RMB 74.68 million, funding 32 projects benefiting nearly six million people. – A “three-tier” climate-governance structure embeds ESG oversight from board level to frontline operations.
CNOOC states that it will continue to grow natural-gas output, scale offshore wind power, and expand CCUS clusters in Bohai and Hainan, aiming for cumulative carbon reductions of 1.60 million tonnes CO₂e by 2030 while maintaining its commitment to safe, low-carbon and socially responsible energy development.