Wei Chen - CNOOC Director
Director
Mr. Chen Wei serves as Executive Vice President, Compliance Officer, General Counsel of the Company. Mr. Chen is an Executive Vice President, the General Counsel and Compliance Officer of the Company. He is a professorlevel senior engineer. He received his B.S. degree from East China Petroleum Institute and MBA degree from Tsinghua University. He has over 30 years of experience in the oil and gas industry. Mr. Chen joined CNOOC in 1984 and previously served as the Deputy Manager for the Development Department of CNOOC Exploration and Development Research Center, the Deputy Manager of the Overseas Research Department, the Manager of the Information Department, and the Deputy Director of CNOOC Research Center. He has also served as General Manager of Human Resources Department and General Manager of Science and Technology Development Department of CNOOC, and a Senior Vice President of the Company and General Manager of Administration Department of the Company. In July 2003, Mr. Chen was appointed as the Director of CNOOC Research Center . In February 2012, Mr. Chen was appointed as the Workers Director of CNOOC. In March 2013, Mr. Chen was appointed as the Assistant President of CNOOC and the Executive Vice President of the Company. In May 2016, Mr. Chen was appointed as the General Counsel of CNOOC, the General Counsel and Compliance Officer of the Company. In March 2018, Mr. Chen retired as Executive Vice President, the General Counsel and Compliance Officer of the Company. since 2016.
| Age | 59 |
| Tenure | 8 years |
| Phone | 852 2213 2500 |
| Web | http://www.cnoocltd.com |
Wei Chen Latest Insider Activity
Tracking and analyzing the buying and selling activities of Wei Chen against CNOOC stock is an integral part of due diligence when investing in CNOOC. Wei Chen insider activity provides valuable insight into whether CNOOC is net buyers or sellers over its current business cycle. Note, CNOOC insiders must abide by specific rules, including filing SEC forms every time they buy or sell CNOOC'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
Wei Chen over six months ago Acquisition or disposition of EUDA Health securities by Wei Chen | ||
Wei Chen over six months ago EUDA Health exotic insider transaction detected |
CNOOC Management Efficiency
The company has Return on Asset of 4.72 % which means that on every $100 spent on assets, it made $4.72 of profit. This is considered to be average in the sector. In the same way, it shows a return on shareholders' equity (ROE) of 9.43 %, implying that it generated $9.43 on every 100 dollars invested. CNOOC's management efficiency ratios could be used to measure how well CNOOC manages its routine affairs as well as how well it operates its assets and liabilities.The company has 20.41 B in debt with debt to equity (D/E) ratio of 0.33, which is OK given its current industry classification. CNOOC Limited has a current ratio of 1.96, which is typical for the industry and considered as normal. Debt can assist CNOOC until it has trouble settling it off, either with new capital or with free cash flow. So, CNOOC's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like CNOOC Limited sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for CNOOC to invest in growth at high rates of return. When we think about CNOOC's use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | 9.43 | |||
| Return On Asset | 4.72 |
CNOOC Limited Leadership Team
Elected by the shareholders, the CNOOC's board of directors comprises two types of representatives: CNOOC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CNOOC. The board's role is to monitor CNOOC's management team and ensure that shareholders' interests are well served. CNOOC's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, CNOOC's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Dongfen Wen, Non-Executive Director | ||
| Weilin Zhu, Executive Vice President Chief Geologist, General Manager - Exploration Department | ||
| Dongjin Wang, Non-Executive Chairman of the Board | ||
| Hau Tse, Independent Non-Executive Director | ||
| Fanrong Li, CEO and President Executive Director, Chairman of CNOOC Southeast Asia Limited and Chairman of CNOOC Deepwater Devel. Limited | ||
| Zaisheng Liu, Vice President | ||
| Jiewen Li, General Manager (Director) of Investor Relations Department, Joint Company Secretary | ||
| Xinjian Cao, Executive Vice President General Manager - CNOOC China Limited Tianjin Branch | ||
| Guohua Zhang, Senior Vice President, General Manager of CNOOC China Limited Zhanjiang Branch | ||
| Sik Tsue, Joint Company Secretary | ||
| Jian Liu, Non-Executive Vice Chairman of the Board | ||
| Liguo Zhao, General Counsel | ||
| Xiaonan Wu, Chief Compliance Officer, General Counsel, Joint Company Secretary | ||
| Kevin Lynch, Independent Non-Executive Director | ||
| Wei Chen, Executive VP and General Director of CNOOC Research Institute | ||
| Sung Chiu, Independent Non-Executive Director | ||
| Lisong Song, Chief Safety Official and General Manager of QHSE Department | ||
| Yuhong Xie, Executive Vice President,Chief Safety Offi cial, Chief Geologist of CNOOC | ||
| Yong Li, Executive Vice President General Manager - Tianjin Branch | ||
| Qinglong Xia, Executive Vice President | ||
| Guangyu Yuan, Executive Vice President | ||
| Bo Lv, Non-Executive Director | ||
| Guangqi Wu, Compliance Officer and Executive Director | ||
| Hua Zhong, CFO and General Manager of Investor Relations Department | ||
| Bi Chen, Executive Vice President | ||
| Weizhi Xie, Chief Financial Officer | ||
| Yun Yang, Vice President | ||
| Hua Yang, Non-Executive Vice Chairman of the Board | ||
| Chenggang Duan, Vice President | ||
| Yunhua Deng, Deputy Chief Exploration Engineer | ||
| Keqiang Xu, President, Chief Executive Officer, Executive Director | ||
| Guangjie Hu, President Executive Director | ||
| JuenYee Lau, Independent Non-Executive Director | ||
| Zongjie Qiu, Vice President General Manager - Development and Production Department | ||
| Zhi Qiu, Non-Executive Independent Director |
CNOOC Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is CNOOC a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 9.43 | |||
| Return On Asset | 4.72 | |||
| Profit Margin | 20.74 % | |||
| Current Valuation | 54.36 B | |||
| Shares Outstanding | 446.48 M | |||
| Shares Owned By Institutions | 2.12 % | |||
| Number Of Shares Shorted | 44.47 K | |||
| Price To Earning | 10.59 X | |||
| Price To Book | 0.90 X | |||
| Price To Sales | 2.43 X |
Pair Trading with CNOOC
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CNOOC position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CNOOC will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Microsoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microsoft when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Microsoft - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Microsoft to buy it.
The correlation of Microsoft is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Microsoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Microsoft can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the CNOOC Limited information on this page should be used as a complementary analysis to other CNOOC's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Other Consideration for investing in CNOOC Stock
If you are still planning to invest in CNOOC Limited check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the CNOOC's history and understand the potential risks before investing.
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