3 of 6
BACK NEXT
China National Offshore Oil Corp. (CNOOC)
Headquarters: Beijing
U.S. Ticker: CEO (NYSE)
P/E (2008 est.): 17.9

As one of China's three big oil companies, CNOOC is well placed to capitalize on the rising price of crude oil.

China also highly regulates its oil industry, which should help the company. For example, CNOOC is the only company authorized to enter into offshore production-sharing contracts with foreign companies off the coast of China.

Morningstar analyst Feliz Li points out that one concern for the company is rising production costs, which could hurt profits. Still, CNOOC's earnings per share are expected to grow more than 44% this year.

And CNOOC is also an offshore producer of natural gas, a fuel that the Chinese government has been promoting as a clean and efficient fuel as it expands its natural gas infrastructure. CNOOC's government-owned parent company is expected to boost gas purchases this year, which should provide a further lift to sales and profits.

NEXT: Empresa Brasileira de Aeronáutica S.A. (Embraer)

Last updated June 20 2008: 1:19 PM ET
More Galleries
Top-paying jobs Orthopedic surgeons take home a median $410,000 in salary and bonus annually. What other great careers from CNNMoney and PayScale.com's list of Best Jobs in America offer hefty paychecks? More
Fastest-growing jobs Demand for IT security consultants are projected to grow a solid 37% between 2012 and 2022. What other careers on CNNMoney and PayScale.com's list of America's best jobs will see big opportunities? More
Best Jobs in America CNNMoney/PayScale's top 100 careers with big growth, great pay and satisfying work. More

Special Offer

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2015 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2015. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.