Upstream capital expenditure increases, oil service companies have sufficient orders

"Although international oil prices will fluctuate in 2025, they are expected to maintain a medium to high operating level, and the demand for oil and gas is steadily increasing," said an executive from a certain oil service company listed on the A-share market when discussing the current state of the industry. As long as oil prices are supported, the demand for oil and gas can remain stable, and the oil service industry still has good business opportunities. Recently, some international oil companies have disclosed their capital expenditure plans for 2026, with "steady increase" likely becoming the main theme. Journalists have also learned from several domestic oil service companies that the relevant companies have sufficient orders on hand and intended orders for 2026. Considering the latest international situation and the development of oil and gas resources, the demand for oil and gas is likely to maintain stable growth, which will bring business opportunities to oil service companies that rely on "operational volume." (Shanghai Securities Journal)