CICNOOC@EC2701A

ABB Wins Contract to Upgrade Automation Systems on CNOOC International's Buzzard Platform

CNOOC Stock Undervalued by 14.2%, Analysts Praise Reserve Expansion and Shareholder Returns

Southern Power Grid and CNOOC Sign Strategic Cooperation Agreement

Guangdong Meets CNOOC Delegation on June 4 to Deepen Provincial-Enterprise Cooperation

CNOOC's Kenli 10-2 Oilfield Group Phase I Fully Operational, Daily Output Exceeds 2,800 Tons

CNOOC (Jinzhou) Oilfield Development Co., Ltd. Established Recently

CNOOC Annual Gas Output Exceeds 1.3 Billion Cubic Meters, Discovers Multiple Deepwater Gas Fields to Secure Hainan Supply

CNOOC Hainan Branch Builds Largest Offshore Gas Field, Annual Oil & Gas Output Exceeds 10 Million Tonnes

CNOOC Boosts Offshore Output and Reopens Huizhou Steam Cracking Unit

JPMorgan Upgrades CNOOC EPS Forecast and Maintains Rating

CLP and CNOOC Sign Memorandum to Deepen Energy Cooperation

BOCI Raises CNOOC Target Price to HKD 34.69 and Maintains Buy Rating

HSBC Global Research Maintains Buy Rating on CNOOC

CNOOC Maintains 2026 Capital Expenditure Plan

China's First Large-Scale Fracturing Vessel 'Marine Oil 696' Successfully Berths in Tianjin

CNOOC Announces First Quarter 2026 Net Profit Up 7.10% Year-over-Year

CNOOC released FY2026 Q1 earnings on April 28 Pre-Market (BJT), actual revenue HKD 131.6 B (forecast HKD 126.92 B), actual EPS HKD 0.9296 (forecast HKD 0.9523)

Morgan Stanley Sees Promise in CNOOC's Cost Advantages and Dividend Commitments, Upgrades to Overweight

Ocean Oil 166 Successfully Delivered to Beibu Gulf by China COSCO Shipping Zhiyuan Kou

ONE MEDIA GROUP

WT GROUP

ROBOTPHOENIX

GW TIANDI

HAITIAN ANTENNA

DIT GROUP

E-HOUSE ENT

PROSPER FUTURE

MININGLAMP-W

REDCO HEALTHY

00HSI

AAGIY

600938

00883

The Hang Seng Index opened down 27 points amid Middle East tensions and US inflation concerns. Major US indices fell sharply overnight. In Hong Kong, tech stocks traded mixed, while energy stocks like CNOOC rose on geopolitical risks. Gold miners, including Zhaojin Mining, dropped over 3% as gold futures fell below $4,200.

AASTOCKS News

Hang Seng Index

AIA Group

CNOOC

ZHAOJIN MINING

iShares Gold Trust

SPDR Gold Shares

TRACKER FUND

ISHARESHSI

FL2 CSOP HSI

FI CSOP HSI

FI2 CSOP HSI

Dow Jones Industrial Average

S&P 500

NASDAQ Composite Index

Hang Seng TECH Index

Hang Seng China Enterprises Index

TENCENT

MEITUAN

BABA-W

HSBC HOLDINGS

PETROCHINA

ZIJIN MINING

LINGBAO GOLD

SD GOLD

AIA-R

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

MEITUAN-WR

Meituan

Meituan HK SDR 5to1

Alibaba

BABA-WR

Alibaba HK SDR 5to1

HSBC 5xShortSG241213

HSBC Holdings Plc

HSBC

CNOOC-R

PetroCN HK SDR 1to2

Zijin Mining

LINGBAOGOLD-1K

SD-GOLD

HSI Opens Down 27 pts; AIA Rebounds 1.6%; Gold Miners Under Pressure as ZHAOJIN MINING  Falls Over 3%

CNOOC (SEHK:883) is highlighted as a top Hong Kong energy stock pick, driven by stable prices, production growth, and strong shareholder returns. Trading at HK$27.06, it shows a 14.2% undervaluation against an estimated fair value of HK$31.52, supported by robust reserve expansion and rapid project development. However, risks include long-term demand concerns from the energy transition and tightening ESG compliance costs.

Simplywall

Assessing CNOOC (SEHK:883) Valuation After Recognition As A Top Hong Kong Energy Stock Pick

603606

NBO (603606) announced that it won the bid for a procurement project from CNOOC Shenzhen Branch, with an amount of 308 million yuan. The company's revenue in 2025 is expected to be 10.843 billion yuan, with a net profit of 1.271 billion yuan; in the first quarter of 2026, the revenue is expected to be 2.883 billion yuan, with a net profit of 372 million yuan, maintaining growth in performance

同壁财经

NBO (603606): Won the procurement project of CNOOC (China) Limited Shenzhen Branch, with a bid amount of 308 million yuan

Chevron and Exxon executives warn that oil buffers are nearly exhausted, raising the risk of a sharp price surge in June and July. Despite growing optimism over a potential U.S.-Iran ceasefire extension causing recent price dips, supply risks persist due to low Strait of Hormuz flows and multi-year low inventories.

- Chevron and Exxon executives warn that oil buffers are nearly exhausted, increasing the likelihood of a price spike in June and July.  
- Brent and WTI crude prices experienced their largest weekly decline in two months due to rising optimism over a U.S.-Iran ceasefire extension.  
- Despite diplomatic efforts, oil flows through the Strait of Hormuz remain well below normal, with inventories at multi-year lows, maintaining market tension.

Exxon Mobil

Chevron

SPDR O&G Equip

iShares US Oil & Gas Expl & Prod

Global X MLP

ISHRS S&P Glb Engy

VanEck Oil Services ETF

SPDR O&G Ex & Prd

VanEck Oil Refiners ETF

ProShares UltraShort Energy

SPDR Energy Select

Alerian MLP

Direxion Daily Energy Bull 2X

Direxion Daily Energy Bear 2X

Direxion Daily XOM Bull 2X Shares

Direxion Daily XOM Bear 1X Shares

VG Energy

GLOBAL X MLP & Energy Infra

iShares US Oil Equip & Svcs

United States Oil Fund LP

Chevron and Exxon warn of oil price surge despite ceasefire hopes

TCTZF

KBAB

The Hang Seng Index dropped 0.4% to approximately 25,480 in early trading, underperforming other Asian markets. Key laggards included Tencent (-0.3%), Alibaba (-0.9%), and CNOOC (-3.3%), while select tech stocks like Xiaomi (+0.2%) and Lenovo (+6.9%) saw gains.

Trading Economics

KraneShares 2x Long BABA Daily ETF

XIAOMI-W

SMIC

LENOVO GROUP

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

SMIC HK SDR 5to1

LENOVO GROUP-R

Lenovo Group

Hong Kong Shares Trade in the Red

00386

600028

00857

601857

WTI crude near $100 could raise summer road trip costs

SINOPEC CORP

Occidental Petroleum

Sinopec Corp.

China Universal CSI Oil & Gas Resources ETF

Bosera CSI Oil & Gas Resources Index ETF

Us Brent Oil

Guotai CSI Oil & Gas Industry ETF

E Fund CSI Petrochemical Industry ETF

Tortoise N Americ Pipe

ChinaAMC CSI Petrochemical Industry ETF

First Trust North American Energy Infra Fd

Yinhua CSI Oil & Gas Resources ETF

Pro Ultr Bloomberg Crude Oil

iShares US Energy

WTI crude near $100 could raise summer road trip costs

Chinese refined fuel prices are set to increase by 90–110 yuan per ton at 24:00 on May 21, marking the eighth rise this year. This translates to an estimated increase of 8–9 cents per liter for 92-octane gasoline and an additional 4.5–5 yuan for a typical private car refill.

CoinLive

Chinese Refined Fuel Prices Set to Increase for Eighth Time This Year

01339

06099

01698

01766

02513

00100

06656

01772

03296

PICC GROUP(01339) rose 7.41%, with a trading turnover 822.3 Million HKD, and a year-to-date fell 16.3%. CMSC(06099) rose 6.48%, with a trading turnover 275.5 Million HKD, and a year-to-date rose 6%. KNOWLEDGE ATLAS(02513) fell 9.41%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 786.4%. MINIMAX-W(00100) fell 7.19%, with a trading turnover 612.5 Million HKD, and a year-to-date rose 350%.

Top Gainers&Losers

PICC GROUP

CMSC

TME-SW

CRRC

KNOWLEDGE ATLAS

MINIMAX-W

SIGENERGY

GANFENGLITHIUM

HUAQIN

Top 5 HK Stock Gainers/Losers (>100B) (5.19)

CLSA reports that SINOPEC CORP has underperformed compared to PETROCHINA and CNOOC since the Israel-Iran conflict, reflecting a divergence in earnings amid rising oil prices. The broker expects SINOPEC to potentially report a loss in 2Q26 due to downstream challenges, impacting dividend distributions. In contrast, PETROCHINA and CNOOC are projected to benefit from strong cash flows and increased dividends. CLSA maintains an Outperform rating for all three, with target prices set at HKD12 for PETROCHINA, HKD32 for CNOOC, and HKD4.9 for SINOPEC CORP.

CLSA: SINOPEC CORP  Share Price Has Underperformed Peers Since Israel-Iran Conflict, Reflecting Fundamental Divergence; Sector Top Pick PETROCHINA

The HSI opened down 123 points at 25,838, following a decline in US stock indices. Major tech stocks like Tencent and Alibaba also opened lower. In contrast, oil stocks CNOOC and PetroChina rose against the market trend. LEAPMOTOR saw a significant drop of over 7% after reporting a larger-than-expected loss in Q1.

HSI Opens Down 123 pts; 2 Oils Hike Against Mkt; LEAPMOTOR Slumps 3%+ Post-Results

CICNOOC@EC2701A(29653.HK)

HSI Opens Down 27 pts; AIA Rebounds 1.6%; Gold Miners Under Pressure as ZHAOJIN MINING Falls Over 3%

Assessing CNOOC (SEHK:883) Valuation After Recognition As A Top Hong Kong Energy Stock Pick

NBO (603606): Won the procurement project of CNOOC (China) Limited Shenzhen Branch, with a bid amount of 308 million yuan

Chevron and Exxon warn of oil price surge despite ceasefire hopes

Hong Kong Shares Trade in the Red

WTI crude near $100 could raise summer road trip costs

Chinese Refined Fuel Prices Set to Increase for Eighth Time This Year

Top 5 HK Stock Gainers/Losers (>100B) (5.19)

CLSA: SINOPEC CORP Share Price Has Underperformed Peers Since Israel-Iran Conflict, Reflecting Fundamental Divergence; Sector Top Pick PETROCHINA

HSI Opens Down 123 pts; 2 Oils Hike Against Mkt; LEAPMOTOR Slumps 3%+ Post-Results