CNOOC-R 80883·

Gross margin ------------------------------------------------------------95.53%--80.62%14.91%75.61%5.01%80.89%5.28%79.70%1.19% Net margin ------------------------------------------------------------29.27%--34.27%5.00%30.48%3.80%33.59%3.12%31.37%2.22% ROE ------------------------------------------------------------14.62%--23.73%9.11%18.58%5.15%18.45%0.13%15.21%3.24% ROA ------------------------------------------------------------8.94%--15.25%6.31%12.34%2.91%13.06%0.72%11.12%1.94% Revenue growth ----------------------------------------------------------------72.10%---1.50%73.60%0.88%2.38%-5.22%6.09% Attributable profit growth ----------------------------------------------------------------101.51%---12.60%114.11%11.38%23.98%-11.49%22.87% Debt-to-assets ------------------------------------------------------------38.72%--35.59%3.13%33.58%2.01%29.05%4.53%26.71%2.34% Current ratio ------------------------------------------------------------2.21--2.330.122.020.312.230.213.241.01 Operating cash flow / net profit ------------------------------------------------------------2.10--1.450.651.690.241.600.091.710.11 Operating cash flow / revenue ------------------------------------------------------------61.57%--49.73%11.84%51.51%1.78%53.78%2.26%53.69%0.08%

Net margin 33.52%--32.66%--35.39%1.87%33.53%0.87% Revenue growth --------16.88%--13.78%-- Attributable profit growth --------23.42%--16.82%-- Debt-to-assets --------28.60%--29.83%-- Current ratio --------2.80--2.62-- Operating cash flow / net profit ----1.68------1.670.01 Operating cash flow / revenue ----54.96%------56.13%1.17%

Revenue ------------------------------------------------------------240.21B--413.39B72.10%407.18B1.50%410.76B0.88%389.34B5.22% Gross profit ------------------------------------------------------------229.47B--333.28B45.24%307.86B7.63%332.24B7.92%310.30B6.60% Selling and distribution expenses ------------------------------------------------------------8.96B--10.47B16.82%10.95B4.62%11.14B1.72%12.04B8.07% Net finance costs ------------------------------------------------------------6.02B--6.03B0.13%5.35B11.17%6.10B13.86%6.51B6.82% Income tax ------------------------------------------------------------25.51B--53.09B108.09%48.88B7.93%51.99B6.36%47.49B8.66% Operating profit ------------------------------------------------------------95.98B--193.32B101.42%167.77B13.22%184.71B10.09%169.59B8.18% Share of associates and JVs ------------------------------------------------------------346.00M--1.91B452.31%1.93B1.05%1.84B4.92%-472.00M125.71% Profit before tax ------------------------------------------------------------95.82B--194.77B103.26%172.97B11.19%189.98B9.83%169.64B10.71% Net profit ------------------------------------------------------------70.31B--141.68B101.51%124.09B12.41%137.98B11.20%122.15B11.48% Net profit attributable to owners ------------------------------------------------------------70.32B--141.70B101.51%123.84B12.60%137.94B11.38%122.08B11.49%

Revenue 207.61B--312.50B--242.66B16.88%355.57B13.78% Other income and gains ----253.00M------166.00M34.39% Cost of sales ----149.26B------163.96B9.85% Selling and distribution expenses ----2.78B------383.00M86.21% Administrative expenses ----5.40B------5.47B1.33% Net finance costs ----467.00M------308.00M34.05% Income tax 25.07B--37.07B--27.64B10.28%40.83B10.14% Operating profit 95.10B--139.41B--112.74B18.54%160.18B14.89% Share of associates and JVs -----763.00M------1.67B318.48% Profit before tax 94.66B--139.13B--113.51B19.92%160.03B15.03% Net profit 69.59B--102.06B--85.87B23.39%119.21B16.80% Net profit attributable to owners 69.53B--101.97B--85.82B23.42%119.12B16.82%

Cash and cash equivalents ------------------------------------------------------------41.43B--85.63B106.68%133.44B55.83%81.28B39.09%214.69B164.13% Trade and bills receivables ------------------------------------------------------------27.05B--37.99B40.46%37.05B2.47%33.66B9.15%32.41B3.70% Inventories ------------------------------------------------------------5.70B--6.24B9.40%6.45B3.40%5.73B11.15%6.09B6.25% Total current assets ------------------------------------------------------------207.98B--264.68B27.26%250.28B5.44%264.61B5.73%295.38B11.63% Total assets ------------------------------------------------------------786.57B--929.03B18.11%1.01T8.24%1.06T5.04%1.10T4.00% Total current liabilities ------------------------------------------------------------93.95B--113.39B20.69%123.94B9.30%118.88B4.09%91.25B23.24% Total liabilities ------------------------------------------------------------304.59B--330.65B8.55%337.72B2.14%306.85B9.14%293.38B4.39% Equity attributable to owners ------------------------------------------------------------480.91B--597.18B24.18%666.59B11.62%747.55B12.15%802.75B7.38% Total equity ------------------------------------------------------------481.98B--598.38B24.15%667.88B11.61%749.44B12.21%805.18B7.44%

Cash and cash equivalents --------161.70B--329.50B-- Trade and bills receivables --------43.96B--47.58B-- Inventories --------6.72B--6.82B-- Total current assets --------393.81B--410.84B-- Total assets --------1.20T--1.21T-- Total current liabilities --------140.67B--156.61B-- Total liabilities --------343.94B--361.30B-- Equity attributable to owners --------856.05B--847.34B-- Total equity --------858.56B--849.85B--

Net cash from operating activities ------------------------------------------------------------147.89B--205.57B39.00%209.74B2.03%220.89B5.32%209.04B5.36% Net cash from investing activities -------------------------------------------------------------96.23B---98.47B2.33%-78.09B20.69%-175.43B124.63%-125.26B28.59% Net cash from financing activities -------------------------------------------------------------33.33B---64.96B94.89%-84.23B29.66%-97.94B16.27%-85.98B12.20% Net change in cash ------------------------------------------------------------18.33B--42.14B129.94%47.42B12.53%-52.47B210.65%-2.21B95.80%

Net cash from operating activities ----171.75B------199.59B16.21% Net cash from investing activities -----101.38B-------84.53B16.62% Net cash from financing activities -----53.14B-------28.05B47.22% Net change in cash ----16.98B------86.12B407.14%