CNOOC UK LIMITED
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Cash
£284M
USD 380,000,000
+23.4% highest in 3 filed years
Net assets
£314M
USD 419,000,000
-25% lowest in 3 filed years
Employees
0
Average over period
Profit before tax
-£104M
USD -139,000,000
+90.7% highest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £149,723,012 | £0 | £0 | — | |
| Operating profit | -£1,176,074,263 | -£1,119,179,518 | -£104,057,494 | +90.7% | |
| Profit before tax | -£1,176,074,263 | -£1,119,179,518 | -£104,057,494 | +90.7% | |
| Net profit | -£1,176,074,263 | -£1,122,922,593 | -£104,806,109 | +90.7% | |
| Cash | £265,009,732 | £230,573,439 | £284,473,724 | +23.4% | |
| Total assets less current liabilities | £1,541,398,413 | £418,475,820 | £313,669,711 | -25% | |
| Net assets | £1,541,398,413 | £418,475,820 | £313,669,711 | -25% | |
| Equity | £1,541,398,413 | £418,475,820 | £313,669,711 | -25% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £1,422,369 | £898,338 | £748,615 | -16.7% |
Figures converted to GBP from USD at 0.749 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Return on capital employed | -76.3% | -267.4% | -33.2% | |
| Gearing (liabilities / total assets) | 21.1% | 50.4% | 60.1% | |
| Current ratio | 2.18x | 0.59x | 0.62x | |
| Interest cover | -23.80x | -51.55x | -5.56x |
Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on this assessment the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the period to 30 September 2027.”
Group structure
- CNOOC UK LIMITED · parent
- CNOOC Petroleum Europe Limited 100%
- Nexen Petroleum U.K. Holdings Limited 100%
- CNOOC Energy Holdings U.S.A. Inc. 100%
- CNOOC Petroleum Colombia Limited 100%
- CNOOC Petroleum Mauritania Limited 100%
- CNOOC Energy U.S.A. LLC 100%
- CNOOC Petroleum Farragon U.K. Limited 100%
- CNOOC Ettrick U.K. Limited 100%
- CNOOC Marketing U.S.A. Inc. 100%
- CNOOC Finance (2015) U.S.A. LLC 100%
- Nexen Energy Capital Management U.S.A. LLC. 100%
Significant events
- “The wholly owned subsidiary, CNOOC Petroleum Mauritania Limited was dissolved on 6 February 2026, following the completion of a members' voluntary liquidation.”
- “The loan facility with subsidiary, CNOOC Energy Holdings USA Inc was cancelled on 24 March 2026.”
- “NPUH, a subsidiary of the company, entered into members' voluntary liquidation in March 2026.”
- “On 30 April 2026, Nexen Energy Capital Management U.S.A. LLC merged into CNOOC Energy Holdings U.S.A. Inc ("CEHU"), with CEHU remaining as the surviving entity.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 25 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| YANG, Baohui | Secretary | 2023-11-28 | — | — |
| LI, Peng | Director | 2025-03-26 | Aug 1977 | Chinese |
| LU, Baoshan | Director | 2026-04-28 | Jan 1970 | Chinese |
| PAN, Yiyong | Director | 2023-07-26 | Nov 1973 | Chinese |
Show 25 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DOYLE, Jamie David | Secretary | 2016-03-23 | 2021-08-25 |
| GUNN, Paul George | Secretary | 2021-12-07 | 2023-10-06 |
| KAUL, Sheila | Secretary | 2013-03-18 | 2016-03-21 |
| MA, Qiang | Secretary | 2023-10-06 | 2023-11-28 |
| F&L LEGAL LLP | Corporate Secretary | 2013-02-06 | 2013-03-18 |
| BARBER, Gina Anne | Director | 2015-05-01 | 2016-09-23 |
| DORAN, James Gerard | Director | 2016-10-13 | 2017-01-13 |
| DOYLE, Jamie David | Director | 2014-10-16 | 2021-08-25 |
| FANG, Zhi | Director | 2017-03-22 | 2020-01-23 |
| HARVEY, Lewis Trenear | Director | 2013-03-18 | 2015-04-30 |
| JIANG, Qing | Director | 2020-06-04 | 2023-07-26 |
| KENNEDY, Archibald Wood | Director | 2013-03-18 | 2015-06-30 |
| KUANG, Likun | Director | 2020-06-04 | 2022-04-06 |
| KUANG, Likun | Director | 2013-02-06 | 2013-04-08 |
| LIU, Yongjie | Director | 2020-08-10 | 2023-11-28 |
| MA, Qiang | Director | 2022-04-11 | 2026-06-10 |
| MACAULAY, Ian Alexander David | Director | 2013-03-18 | 2014-05-22 |
| O'BRIEN, Alan | Director | 2021-12-07 | 2025-06-27 |
| RIDDOCH, Ray Christopher John | Director | 2015-06-09 | 2020-03-06 |
| ROESSEL, Theresa Ann | Director | 2013-08-15 | 2015-06-30 |
| SCHONBERNER, Marilyn Joy | Director | 2013-03-18 | 2013-08-16 |
| TIAN, Lixin | Director | 2023-11-28 | 2025-03-26 |
| TILFORD, Brent Christian | Director | 2017-01-21 | 2020-03-31 |
| XIA, Qinglong | Director | 2020-01-29 | 2020-08-03 |
| ZHANG, Bing | Director | 2013-02-06 | 2013-04-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cnooc Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 106 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-25 | AA | accounts | Accounts with accounts type full | |
| 2026-06-25 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-20 | AA | accounts | Accounts with accounts type full | |
| 2025-05-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-04-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-10 | AA | accounts | Accounts with accounts type full | |
| 2024-02-22 | CH01 | officers | Change person director company with change date | |
| 2023-11-28 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-11-28 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-11-28 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-28 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-18 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-10-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-09-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-26 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.