02883 CHINA OILFIELD
- 8.510
- +0.040+0.47%
CHINA OILFIELD News
Analysis of Hong Kong stock holdings of Haitong Securities 24Q1 Fund: increasing energy and materials holdings and reducing technological manufacturing
Hong Kong stocks led the increase in April. The increase was mainly due to positive signals in the domestic economy, the return of overseas capital, and the introduction of Hong Kong stock connectivity policies.
Express News | Goldman Sachs expects OPEC+ to reduce supply over a longer period of time
[Crude oil market closing] The decline in US crude oil inventories far exceeded expectations for the rise in oil prices
Oil prices rose slightly on Wednesday (May 8), after US oil storage data showed that crude oil inventories declined more than expected as refineries increased production before the summer driving season arrived.
WTI crude oil once fell below 77! KITU Macro: Some geo-risk premiums have been lifted
Economists at KITU Macro said that part of the risk premium for the Iran-Israel conflict has now been lifted, and OPEC+ may gradually eliminate production cuts starting in July.
Direct impact of changes | Petroleum stocks are generally on the rise, OPEC+ production cuts are expected to support oil prices, and Saudi Aramco will raise the price of crude oil in Asia
The Zhitong Finance App learned that petroleum stocks generally rose. As of press release, CNOOC (02883) rose 3.01% to HK$8.56; CNPC (00857) rose 2.35% to HK$7.41; Sinopec (00386) rose 1.87% to HK$4.9; and CNOOC (00883) rose 1.41% to HK$20.1. According to the news, oil prices fell sharply on Tuesday, and US API inventories continued to exceed expectations, marginally weakening oil prices. Xingzheng Futures believes that the current oil price has returned to a reasonable range after the geographical premium has gradually declined, and production reduction policies are still being maintained in OPEC+
The US restarts the reserve replenishment program, and is Biden ready to deal with soaring oil prices at any time?
Biden restarts the SPR supplement plan when oil prices fall. If oil prices rise before the election, Biden may release SPR again.
Could OPEC+ “open the door” to increase production? Russia's words make the oil market uneasy!
Russian Deputy Prime Minister Novak said that the possibility of increasing oil production under the OPEC+ agreement is being analyzed.
Israel persists in its actions! How will “Operation Rafah” affect oil prices?
Analysts say everything depends on how the Houthis and other countries react to the Rafah incident.
Does Saudi Arabia have an “iron heart” to support oil prices? Raising the official price in June, sales in Asia increased more than expected
① Saudi Aramco's statement on Sunday showed that Saudi Arabia raised the official selling price (OSP) of Arabian light crude oil in June; ② the price increase for Asia was raised for the third month in a row; ③ industry insiders pointed out that Saudi Arabia's current price increase highlights that Saudi Arabia is still trying to keep the crude oil market tight at a time when the risk of conflict in the Middle East subsides.
Express News | Ministry of Finance: From January to March, the total revenue of state-owned and state-owned enterprises across the country increased by 3.2% year on year, and total profit increased 2.8% year on year.
Five consecutive drops! Oil prices fell 6% in a single week. Will the next two months be the key?
Standard Chartered Bank pointed out that May and June will be a critical period for whether petroleum fundamentals will be further tightened. At that time, inventories will decline at an accelerated pace, and global oil demand has reached a record high.
Changes in Hong Kong stocks | Petroleum stocks had the highest gains, and oil prices are expected to remain high. CNOOC and its oil service companies performed well in the first quarter
Petroleum stocks had the highest gains. As of press release, CNOOC (00883) rose 4.76% to HK$20.7; Sinopec (00386) rose 4.28% to HK$4.87; CNPC (00857) rose 2.05% to HK$7.45; and CNOOC Services (02883) rose 1.53% to HK$8.63.
CHINA OILFIELD To Go Ex-Dividend On June 7th, 2024 With 0.23152 HKD Dividend Per Share
April 30th - $CHINA OILFIELD(02883.HK)$ is trading ex-dividend on June 7th, 2024. Shareholders of record on June 11th, 2024 will receive 0.23152 HKD dividend per share on June 30th, 2024. The ex-d
CNOOC Oilfield Services (02883) will pay the 2023 final dividend of $0.21 per share on June 30
According to the Zhitong Finance App, CNOOC Oilfield Services (02883) announced that the company will pay the 2023 final dividend of RMB 0.21 per share on June 30, 2024.
Changes in Hong Kong stocks | CNOOC Services (02883) is now down more than 4% Bank of America says it is cautious about the negative impact of the shutdown of drilling platforms in the Middle East
CNOOC Oil Services (02883) is now down more than 4%. As of press release, it is down 4.69% to HK$8.54, with a turnover of HK$139 million.
CNOOC Oil Service (601808) Company Brief Evaluation Report: Increased workload in various businesses, strong year-on-year performance
Key investment events: In Q1 2024, CNOOC achieved operating income of 10.148 billion yuan, +20.0% year over year, setting a record high in the company's first quarter revenue; net profit to mother was 636 million yuan, +57.3% year over year; net deductions were not net
Bank of America: Maintaining CNOOC's “Outperforming Market” Rating and Remains Cautious About the Negative Effects of the Shutdown
According to a research report published by Bank of America Securities, CNOOC Services' profit for the first quarter of fiscal year 2024 increased 57% year-on-year, better than the bank and market expectations, higher than the bank's and market consensus; first-quarter revenue increased 20% year-on-year; and operating profit margin was 12%, up from 10% in the first quarter and fourth quarter of last year. The bank noticed that although the utilization rate of CNOOC's drilling rigs remained flat year over year, the company's performance recorded an improvement. Mainly due to a rebound in oil well service profit margins, the bank therefore expects the company's revenue to increase by 20% to 30% year-on-year in the 2024 fiscal year. The bank also quoted CNOOC's management revenue from its oilfield services
Bank Rating | Bank of China International: Lowering CNOOC's Target Price to HK$9.53 to Maintain “Hold” Rating
Gelonghui, April 28 | Bank of China International published a research report showing that CNOOC's net profit in the first quarter increased 57% year-on-year to 636 million yuan, but only reached 15% of the bank's annual budget target. Furthermore, the number of operating days of its rigs is surprisingly reduced by 3% year-on-year, indicating that although the market has improved, some of its rigs are still idle, or at least not fully operational. Meanwhile, four drilling rigs in the Middle East suspended operations in the second quarter, which may affect the Group's quarterly growth for the rest of the year. Although the bank believes that the Group can make progress in developing overseas markets, it is still cautious about its recent profits. This marshal
Major Bank Ratings | UBS: Maintaining CNOOC's “Buy” Rating First Quarter Results Meet Expectations
Glonghui, April 28 | UBS released a report stating that CNOOC's first-quarter results met expectations and maintained a “buy” rating, with a target price of HK$10.8. According to the report, CNOOC Services' net profit for the first quarter was 636 million yuan, an increase of 57% year-on-year, slightly exceeding market expectations and in line with the forecast. Thanks to the increase in the utilization rate of overseas drilling rigs, the high-margin oil well service sector's share of total profit before interest and tax rose to 87% to 88% (83% last year), increasing gross margin for the first quarter by 2.6 percentage points and 1.2 percentage points from year to quarter, respectively. According to UBS, the company has been expanding overseas
CNOOC Oil Service (601808): Profitability Significantly Increased Profitability and Maintaining Oil Service's Prosperity
Event: The company released a report for the first quarter of 2024: achieving operating income of 10.15 billion yuan (+20% YoY, -31% month-on-month), net profit of 640 million yuan (YoY +57%, -14% month-on-month), deducting non-return to mother
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