UB#CNOOCRC2810J

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

CNOOC to Release FY2026 Q1 Earnings on April 28 Pre-Market (BJT), Forecast Revenue HKD 126.88 B, EPS HKD 0.9171

CNOOC Energy Development Delivers First Offshore Mobile Multi-functional Measure Platform

CNOOC Successfully Deploys Self-Developed 1500m Deep-Sea Drilling Riser System

CNOOC Tianjin Company Exceeds 10 Million Tons of Oil and Gas Production in First Quarter of Bohai Oilfield

CNOOC Releases 2025 Annual Report

Huansan Securities: CNOOC's Oil Cost Compressed, Maintains 'Buy' Rating

Citibank Raises Forecast and Target Price for CNOOC

Morningstar Raises Fair Value Estimate for China National Offshore Oil Corporation A Shares

BOC International Adjusts CNOOC's Profit Forecast and Maintains Buy Rating

CH GOLD CLASSIC

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CENTRALCHINA MT

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CHINA PARTYTIME

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ZXZN QI-HOUSE

HANVEY GROUP

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Guosen Securities reported a decline in the Hong Kong stock position ratio and overweight allocation to Hong Kong stocks by mainland active equity mutual funds in 1Q26. The total size of mainland active equity funds eligible for Hong Kong investments was RMB2,095.1 billion, with top 10 heavyweight holdings amounting to RMB121.7 billion, down from RMB155.0 billion in 4Q25. Notable stocks include Tencent, Alibaba, and CNOOC, with significant short selling activity observed.

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Guosen Securities Lists Top 10 HK Heavyweight Holdings of Mainland Active Equity Mutual Funds in 1Q26 (Table)

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JPMorgan has issued a research report indicating that CNOOCis expected to raise its mid- to long-term production target due to a sustained increase in oil prices. CNOOC reported a net profit of RMB39.1 billion for Q1 2026, reflecting a 96% quarter-on-quarter and 7% year-on-year increase. Despite adjusting its maintenance plan and accelerating project construction, the company will not change its FY2026 earnings guidance for now. JPM has raised its EPS forecasts for CNOOC by 3% and maintains an Overweight rating with a target price of HKD33 for its H shares.

JPMorgan Chase

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

JPM Expects CNOOC  to Raise Mid- to Long-term Production Target, Maintains Overweight

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CNOOC Limited (NC2B) has received a Buy rating from DBS analyst Pei Hwa Ho, who set a price target of HK$34.50. Ho, a 5-star analyst with a 72.09% success rate, focuses on the Energy sector. The current analyst consensus for CNOOC Limited is a Strong Buy, with an average price target of €3.53.

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CNOOC F03 N3305

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CNOOC Limited (NC2B) Receives a Buy from DBS

BOCI has raised its target price for CNOOCfrom HKD32.28 to HKD34.69, maintaining a Buy rating. The report highlights a 7% YoY increase in CNOOC's net profit for Q1 2026, driven by higher oil prices and production. The broker anticipates stronger earnings in upcoming quarters due to rising oil prices following the Middle East conflict, adjusting its oil price forecasts for 2026-2028 upwards by 6%, 3%, and 1%.

BOCI Raises CNOOC  TP to HKD34.69, Reiterates Buy

HSBC Research reports that CNOOCmay raise its guidance if oil prices remain high, following a 7% YoY net profit increase to RMB39 billion in Q1 2026. The company maintained its production and capital expenditure guidance, but could adjust if Brent crude stays at USD80 per barrel. HSBC maintains a Buy rating with a target price of HKD32.3, highlighting CNOOC's growth prospects and an attractive forecast dividend yield of 6%.

HSBC HOLDINGS

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HSBC Holdings Plc

HSBC Research: CNOOC  May Raise Guidance If Oil Prices Stay High; Forecast Dividend Yield of 6% Attractive

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CLSA's research report indicates that CNOOCis likely to meet its full-year guidance, maintaining a target price of HKD32. The company reported solid first-quarter results, with an average oil price of USD120 per barrel in Q2. CLSA anticipates potential upside in CNOOC's full-year earnings, supporting dividend expectations, and has reiterated its Outperform rating based on a forecast dividend yield of 6%.

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CLSA: CNOOC  Likely to Meet Full-year Guidance, Maintains TP at HKD32

Citi Research reported that CNOOC'sQ1 results met expectations, with a net profit of RMB39.2 billion, a 7% YoY increase, driven by a 4.5% rise in oil prices. Total production rose 8.6% YoY to 205 million barrels of oil equivalent. CNOOC maintained its full-year production target of 780-800 million barrels, with 25.6%-26.3% completed in Q1. Citi reiterated a Buy rating with a target price of HKD33, citing strong growth prospects and effective cost control.

Citigroup

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Citi: CNOOC  1Q Results In Line; Rating Buy

Cnooc Ltd. reported a Q1 net income of 39.14 billion yuan ($5.7 billion), up from 36.6 billion yuan a year earlier, driven by rising crude prices amid Middle East tensions. Brent crude averaged $78 per barrel, supporting upstream profitability. Production increased by 8.6% to 205.1 million barrels of oil equivalent, aligning with the company's strategy to maintain high output through 2030. Capital expenditures rose 19% to 33 billion yuan, focusing on sustaining production growth. Geopolitical tensions have heightened inflation risks, but China's economy shows strong demand for energy.

GuruFocus

Cnooc Q1 Profit Rises To 39.14 Billion Yuan As Oil Prices Climb

CNOOCannounced during an earnings call that it will not adjust its capital expenditure plan, which remains targeted at RMB112-122 billion for 2026. The company's 1Q26 capital expenditure was approximately RMB33.02 billion, a 19.1% increase year-on-year, driven by accelerated project deployment. Management noted limited project interests in Iraq and the UAE, with local employee safety ensured, and stated that the situation in the Middle East has had a minimal impact on operations.

CNOOC: No Adjustment to Capital Expenditure Plan at Present

Reuters

Hang Seng Index

CNOOC's first-quarter profit climbs on higher oil prices, output growth

CNOOC Limited reported strong Q1 2026 results, with net production of 205.1 million BOE, an 8.6% YoY increase. Net profit attributable to shareholders rose 7.1% YoY to RMB39.14 billion, driven by higher oil prices and increased sales. The company made 4 new discoveries and commenced production on key projects. Capital expenditures were approximately RMB33.02 billion, focusing on exploration and production capacity. CEO Huang Yongzhang emphasized the company's commitment to enhancing efficiency and quality in operations.

prnewswire

05:11 ETCNOOC Limited Achieves Strong Start with Dual Growth in Production and Performance in Q1 2026

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(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-28 12:25.) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.AASTOCKS Financial News

ChinaAMC CSI Petrochemical Industry ETF

CNOOC  1Q Net Profit RMB39.144 billion, Up 7.1% YoY

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The three major A-share indices declined at midday, with the Shanghai Composite down 0.07%, Shenzhen Component down 0.4%, and ChiNext down 0.5%. Tourism stocks weakened significantly, while WUXI APPTEC surged to its limit-up after reporting a 26.7% YoY increase in net profit. Other notable movements included GF Securities rising 6.9% and various chip stocks showing mixed results. The central parity of RMB against USD was set at 6.8589, with the People's Bank of China injecting RMB38.5 billion through reverse repos.

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CATL HK SDR 30to1

MONTAGE TECH

Three Major A-share Indices Edge Down at Midday; Tourism Stocks Weaken; WUXI APPTEC  Limit Up Against Market on Strong Results

- Asia’s naphtha and gasoline markets remained stable amid limited trading activity, with June spot cargo demand subdued.  
- South Korean importers are expected to shift towards private negotiations, influenced by recent supply clarity from Russian cargo waivers.  
- Naphtha refining margins held steady at approximately $267 per metric ton, while gasoline refining margins also showed minimal change at around $23.7 per barrel.

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Asia Naphtha/Gasoline-Markets little changed; traders eye more gasoline supplies

Maiwei is definitely something to look at. China in recent years have boosted their biotech industry to try lots of new experimental cure. Even foreign companies are collaborating with their local biotech firms in an unprecedented new revolution!

Tomorrow Microsoft, Meta, Google and Amazon going to release their financial report, Apple the following day. Nvidia already hitting fresh high, what is your take?

NVIDIA

Valdimier

This week is most likely one of the most important weeks with Mag 7 companies reporting earnings as well as Powell last FOMC meeting. Trade cautiously!

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UB#CNOOCRC2810J(65610.HK)

Guosen Securities Lists Top 10 HK Heavyweight Holdings of Mainland Active Equity Mutual Funds in 1Q26 (Table)

JPM Expects CNOOC to Raise Mid- to Long-term Production Target, Maintains Overweight

CNOOC Limited (NC2B) Receives a Buy from DBS

BOCI Raises CNOOC TP to HKD34.69, Reiterates Buy

HSBC Research: CNOOC May Raise Guidance If Oil Prices Stay High; Forecast Dividend Yield of 6% Attractive