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The Zhitong Finance App learned that Everbright Securities released a research report saying that in 2025, international oil prices fluctuated and declined, and the average price of oil futures was 68.19 US dollars/barrel, -14.6% compared with the same period last year. CNOOC (00883.HK) overcame the downward pressure of international oil price shocks and continued to make efforts to increase storage and production and strictly control costs, and its profitability resilience was prominent. The company achieved annual oil and gas equivalent production of 777.3 million barrels of oil equivalent, an increase of 7% over the previous year. Among them, crude oil production increased by 5.8%; natural gas production increased sharply by 11.6%. The bank believes that as the geographical conflict drives up oil prices, the strategic value of the company's energy insurance and supply is highlighted.

Zhitongcaijing·03/29/2026 00:41:02
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The Zhitong Finance App learned that Everbright Securities released a research report saying that in 2025, international oil prices fluctuated and declined, and the average price of oil futures was 68.19 US dollars/barrel, -14.6% compared with the same period last year. CNOOC (00883.HK) overcame the downward pressure of international oil price shocks and continued to make efforts to increase storage and production and strictly control costs, and its profitability resilience was prominent. The company achieved annual oil and gas equivalent production of 777.3 million barrels of oil equivalent, an increase of 7% over the previous year. Among them, crude oil production increased by 5.8%; natural gas production increased sharply by 11.6%. The bank believes that as the geographical conflict drives up oil prices, the strategic value of the company's energy insurance and supply is highlighted.