Core Viewpoint - The China Securities Hong Kong 100 Energy Index (H100 Energy) has shown significant growth, with a 7.04% increase over the past month, a 13.16% increase over the past three months, and a 5.90% increase year-to-date [1]. Group 1: Index Performance - The H100 Energy Index reported a current value of 2611.20 points [1]. - The index has experienced a monthly increase of 7.04% [1]. - Over the last three months, the index has risen by 13.16% [1]. - Year-to-date, the index has increased by 5.90% [1]. Group 2: Index Composition - The H100 Energy Index is entirely composed of stocks listed on the Hong Kong Stock Exchange, with a 100.00% allocation [2]. - The sector breakdown of the index includes 45.82% in fuel refining, 36.74% in integrated oil and gas companies, and 17.44% in coal [2]. - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2]. Group 3: Index Adjustment Mechanism - The weight factors of the index are generally fixed until the next scheduled adjustment [2]. - Temporary adjustments to the index may occur under special circumstances, such as changes in the parent index or significant events affecting sample companies [2]. - Companies that are delisted or undergo mergers, acquisitions, or splits will be handled according to specific calculation and maintenance guidelines [2].

Group 1 - The core viewpoint of the articles highlights the performance and valuation of China Petroleum, indicating a closing price of 8.77 yuan with a 2.10% increase, and a rolling PE ratio of 9.69 times, with a total market value of 1,605.094 billion yuan [1][2] - The average industry PE ratio is 12.95 times, with a median of 29.59 times, positioning China Petroleum in 8th place within the industry rankings [1][2] - As of March 31, 2025, the number of shareholders for China Petroleum is 523,837, a decrease of 18,641 from the previous count, with an average holding value of 352,800 yuan and an average holding quantity of 27,600 shares [1] Group 2 - The main business activities of China Petroleum include exploration, development, production, transportation, and sales of crude oil and natural gas, as well as renewable energy, refining, and chemical production [1] - The latest quarterly report for Q1 2025 shows an operating revenue of 7,531.08 billion yuan, a year-on-year decrease of 7.34%, and a net profit of 468.07 billion yuan, reflecting a year-on-year increase of 2.30%, with a sales gross margin of 21.09% [1]

Group 1 - The international oil prices have been fluctuating since July 29, 2025, and the average price for the first ten working days of August 12 is compared to the average price of the previous ten working days before July 29. The cumulative adjustment amount is less than 50 yuan per ton, leading to no adjustment in gasoline and diesel prices according to the regulations [1] - The three major companies, PetroChina, Sinopec, and CNOOC, along with other crude oil processing enterprises, are required to ensure stable supply and strictly adhere to national pricing policies. Local authorities are urged to enhance market supervision and crack down on violations of national pricing policies [3] Group 2 - Consumers are encouraged to report price violations through the 12315 platform, which indicates an active role for the public in maintaining market order [3]

资料显示，长华（定边）油田开发有限公司成立于2025年8月6日，法定代表人为林艳波，注册资本3000 万人民币，公司位于榆林市，石油制品制造（不含危险化学品）、石油制品销售（不含危险化学品）、 碳减排、碳转化、碳捕捉、碳封存技术研发(除依法须经批准的项目外，凭营业执照依法自主开展经营 活动)。许可项目：陆地石油和天然气开采、非煤矿山矿产资源开采、发电业务、输电业务、供（配） 电业务(依法须经批准的项目，经相关部门批准后方可开展经营活动，具体经营项目以审批结果为 准)。。 来源：金融界 天眼查工商信息显示，近日，中国石油天然气股份有限公司出资3000万元成立长华（定边）油田开发有 限公司，持股100%，所属行业为石油和天然气开采业。 ...

Core Insights - China National Petroleum Corporation's Changqing Oilfield has achieved a significant milestone in shale oil production, with daily output surpassing 10,000 tons, reaching 10,006 tons, marking a major success in the country's "shale revolution" [1] Group 1: Production Achievements - The Changqing Oilfield's exploration and development in the Ordos Basin face challenges due to thin oil layers and strong heterogeneity, with permeability only one-thousandth of that in conventional oil fields [1] - Since 2018, the Changqing Oilfield has accelerated shale oil capacity construction and established a large-scale hydraulic fracturing scientific experimental site, leading to the development of key technologies for volume fracturing [1] - The single well output has increased from 1.5 tons to 18 tons, overcoming global challenges in developing low-pressure shale oil fields without relying on natural energy [1] Group 2: Operational Efficiency - The traditional development approach has been transformed, reducing the workforce required for a million-ton output from over 2,000 to just 200, achieving economies of scale in shale oil development [1] - In 2023, the expected shale oil production from the Changqing Oilfield is projected to reach 3.5 million tons, with 85% of this output coming from the Gansu Longdong oil area [1]

7月24日，中国石油燃料油有限责任公司在上海洋山港成功为中远海运集运公司"COSCO PRIDE"轮 加注875吨国产超低硫重质船燃。 中国石油提供的国产超低硫重质船燃其硫排放较传统低硫船燃降低约80%，较轻馏分型燃料生产成 本及能耗更低，与船舶主机适用性更好，更适配市场需求。 【纠错】 【责任编辑:施歌】 根据国际海事组织海上环境保护委员会第79届会议要求，地中海区域作为排放控制区于2025年5月1 日起船燃含硫量上限从0.5%降至0.1%。根据测算，全球超过17%的邮轮和24%的其他船队在地中海航 行，新规实施后将带来约400万吨/年硫含量低于0.1%的船用轻柴油和超低硫重质船燃需求。为抢抓国际 航运绿色低碳转型契机，上海自由贸易试验区临港新片区管委会与中国石油等单位密切协作，推动绿色 船燃加注不断取得突破。 临港新片区管委会综保处工作人员袁乾鹏说："上海洋山港开展超低硫重质船燃加注对国际航运绿 色低碳转型具有重要示范引领作用，这标志着上海建立起传统燃油、生物燃料油、超低硫燃料油、液化 天然气、绿色甲醇等全方位解决方案，将为上海打造全球航运枢纽，建设高能级航运服务中心打下坚实 基础。"（记者杨有宗） ...

Core Viewpoint - The establishment of Changhua (Dingbian) Oilfield Development Co., Ltd. indicates a strategic move by China National Petroleum Corporation to expand its operations in oil and gas extraction and related technologies [1] Company Summary - Changhua (Dingbian) Oilfield Development Co., Ltd. was established on August 6, with a registered capital of 30 million RMB [1] - The company is wholly owned by China National Petroleum Corporation (CNPC) [1] Industry Summary - The company’s business scope includes manufacturing and sales of petroleum products, research and development in carbon reduction, carbon conversion, carbon capture, and carbon storage technologies [1] - It also engages in land oil and natural gas extraction, non-coal mining resource extraction, and power generation, transmission, and distribution [1]

蓝筹股方面，腾讯控股跌2.73%，收报535港元；香港交易所跌2.34%，收报417港元；中国移动跌 0.23%，收报85.9港元；汇丰控股跌0.94%，收报95.25港元。 香港本地股方面，长实集团跌1.25%，收报35.6港元；新鸿基地产跌1.93%，收报91.7港元；恒基地产跌 0.55%，收报27.35港元。 新华社香港8月1日电 香港恒生指数1日跌265.52点，跌幅1.07%，收报24507.81点。全日主板成交 2546.74亿港元。 石油石化股方面，中国石油化工股份跌5.87%，收报4.33港元；中国石油股份跌3.26%，收报7.42港元； 中国海洋石油跌1.37%，收报18.66港元。 国企指数跌78.53点，收报8804.42点，跌幅0.88%。恒生科技指数跌55.74点，收报5397.4点，跌幅 1.02%。 【纠错】 【责任编辑:赵阳】 中资金融股方面，中国银行跌0.66%，收报4.51港元；建设银行跌1.99%，收报7.89港元；工商银行跌 0.66%，收报5.98港元；中国平安跌1.95%，收报52.9港元；中国人寿跌2.64%，收报22.15港元。 ...

Core Viewpoint - The completion of the main structure of the Shenzhen New Energy Research Institute by China National Petroleum Corporation (CNPC) marks a significant step in Shenzhen's strategic layout in the new energy sector, aligning with national carbon neutrality goals [2][3]. Group 1: Project Overview - The Shenzhen New Energy Research Institute project is a key collaboration between Shenzhen and CNPC, focusing on hydrogen energy, energy storage, geothermal energy, smart energy, solar energy, and wind energy [2]. - The project began construction on September 26, 2024, and completed the main structure in 316 days, 22 days ahead of schedule [2]. - The project is being constructed by China Railway Construction Group, with design by China CITIC Architecture Design Institute and project management by Beijing Xingyou Engineering Project Management [2]. Group 2: Industry Context - Shenzhen aims to establish a leading, innovation-driven, and open development pattern in the new energy industry, fostering a group of leading enterprises and innovation platforms to drive the growth of small and medium-sized enterprises [2]. - The new energy industry in Shenzhen is experiencing strong momentum, with significant clustering effects from leading enterprises in nuclear energy, photovoltaics, energy storage, and hydrogen energy [2]. - The research institute is expected to support CNPC in achieving a target where new energy production accounts for half of its total energy output by 2050 [2]. Group 3: Future Developments - The project is currently in the decoration and electromechanical installation phase, focusing on the layout of functional spaces and the construction of research equipment [3]. - Once completed, the institute aims to become a world-class research institution and a national hub for new energy technology innovation and results transformation [3].

风险提示：股市有风险，投资需谨慎。 截至2025年8月11日收盘，中国石油股价报8.59元，较前一交易日下跌0.18元，跌幅2.05%。当日成交量 为143.83万手，成交金额达12.41亿元。 来源:金融界 资金流向数据显示，8月11日中国石油主力资金净流出1.52亿元，近五日主力资金净流入1.09亿元。 中国石油是我国最大的油气生产商和供应商，业务涵盖油气勘探开发、炼油化工、管道运输、销售贸 易、工程技术服务等领域。公司主要经营石油天然气勘探、开发、生产、销售，以及炼油、化工、管道 运输等业务。 消息面上，中国石油近日在陕西定边成立了长华（定边）油田开发有限公司，注册资本3000万元。新公 司经营范围包括碳减排技术研发、陆地石油和天然气开采等业务，由中国石油全资持股。 ...