Cnooc is a holding company. Co.'s entire oil and gas exploration, development, production and sales business in the People's Republic of China (PRC ) is owned and conducted by CNOOC China Limited, its wholly owned subsidiary in the PRC. Co.'s oil and gas exploration, development and production business outside the PRC is owned and conducted by CNOOC International Limited, its wholly owned subsidiary incorporated in the British Virgin Islands, or owned and conducted by CNOOC Petroleum North America ULC, a wholly-owned subsidiary of Co. located in Canada, or directly owned by Co. We show 1 historical shares outstanding datapoints in our CEO shares outstanding history coverage, used to compute CEO market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CEO market cap history over the course of time is important for investors
interested in comparing CEO's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of CEO versus a peer is one thing; comparing
CEO market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like CEO can fluctuate over the course of history.
With this page we aim to empower investors researching CEO by allowing them to research the CEO market cap history. |
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Video: The Importance of Market Cap
