China Oilfield Services 1Q Rev CNY10.15B Vs. CNY8.46B >2883.HK
China Oilfield Services 1Q Rev CNY10.15B Vs. CNY8.46B >2883.HK
Express News | Petrochemical Oil Service: Net profit from mother in the first quarter was 177 million yuan, an increase of 22.1% over the previous year.
CNOOC Engineering (600583): Market development is smooth and the workload is progressing fully
Incident 1: The company released its 2024 quarterly report: achieving operating income of 5.7 billion yuan (-11% YoY, -42% month-on-month), net profit to mother of 475 million yuan (+6% YoY, +92% month-on-month), net profit not returned to mother
Dongwu Securities released a research report on April 25 stating that it maintains the CNOOC Engineering (600583.SH) purchase rating. The main reasons for the rating include: 1) smooth market development to promote the continuous development of the compan
Dongwu Securities released a research report on April 25 stating that it maintains the CNOOC Engineering (600583.SH) purchase rating. The main reasons for the rating include: 1) smooth market development to promote the continuous development of the company's business; 2) the steady progress of projects under construction, full workload drives performance improvement; 3) CNOOC's offshore oil and gas capital expenditure has increased, which directly benefits the company. (Mainichi Keizai Shimbun)
Dongwu Securities released a research report on April 25 stating that it gave CNOOC Development (600968.SH) a buy rating. The main reasons for the rating include: 1) the steady improvement of diversified service capabilities and the steady development of
Dongwu Securities released a research report on April 25 stating that it gave CNOOC Development (600968.SH) a buy rating. The main reasons for the rating include: 1) the steady improvement of diversified service capabilities and the steady development of the three major industries; 2) the construction of key projects is progressing steadily, and future development is worth looking forward to; 3) the parent company CNOOC raised capital expenses to increase storage and production to help the company develop in the long term. (Mainichi Keizai Shimbun)
CNOOC Development (600968): Profit from increased storage and production is expected to grow rapidly
The 1Q24 performance is in line with our expectations. The company announced 1Q24 results: operating income of 9.21 billion yuan, -3% year over year; net profit to mother of 500 million yuan, +21% year over year, mainly due to 1) Benefiting from increased storage and production, the company's technical service