中国海洋石油获南向资金连续5天净买入，累计净买入金额为16.68亿港元，股价累计上涨3.17%。 证券时报•数据宝统计显示，1月2日港股通（包括沪市港股通及深市港股通）成交活跃股合计成交 316.07亿港元，净买入金额为19.45亿港元。 1月2日上榜的成交活跃股中，中国海洋石油通过港股通渠道成交金额为15.98亿港元，净买入金额为5.66 亿港元，不仅如此，该股已连续5日出现成交净买入，累计净买入金额为16.68亿港元，其间股价上涨 3.17%。 （数据宝） ...

证券时报e公司讯，据中国海洋石油集团有限公司纪检监察组、江苏省纪委监委消息：中国海洋石油有 限公司钻完井办公室原主任董星亮涉嫌严重违纪违法，目前正接受中国海洋石油集团有限公司纪检监察 组和江苏省徐州市监委纪律审查和监察调查。 ...

Investment Rating - Buy rating with a target price of HKD 23.12, representing a 33.5% upside from the current price [2] Core Views - The company maintained high single-quarter net profit despite a decline in oil prices, driven by production growth and excellent cost control [2] - The company achieved a net profit of RMB 116.659 billion in the first three quarters, a year-on-year increase of 19.5% [2] - The company's oil and gas production reached 542.1 million barrels of oil equivalent in the first three quarters, with a year-on-year increase of 7.0% [2] - The company's cost per barrel of oil decreased to USD 28.14, with operating costs at USD 7.21 per barrel, placing it among the global leaders in cost control [2] - The company's capital expenditure in the first three quarters was approximately RMB 95.34 billion, a year-on-year increase of 6.6%, with high growth potential in future projects [2] Financial Performance - The company's revenue for Q3 2024 was RMB 99.254 billion, a year-on-year decrease of 13.5% but a sequential increase of 6.3% [2] - The company's net profit for Q3 2024 was RMB 36.928 billion, with a total revenue of RMB 326.024 billion for the first three quarters, a year-on-year increase of 6.3% [2] - The company's oil and gas sales contributed significantly to revenue, with domestic fields like Bozhong and Enping showing strong production growth [2] - The company's realized oil sales price increased from USD 76.8 per barrel in the first three quarters of 2023 to USD 79.0 per barrel in the same period of 2024, narrowing the discount to international oil prices [2] Production and Reserves - The company's net production in Q3 2024 was 179.6 million barrels of oil equivalent, a year-on-year increase of 7.0% [2] - Overseas production growth was driven by the successful commissioning of the Payara project in Guyana [2] - The company secured 9 new offshore exploration blocks and discovered 4 new oil and gas structures, with projects expected to come online between 2024 and 2027 [2] Financial Forecasts - The company is expected to achieve revenues of RMB 451.4 billion, RMB 465.5 billion, and RMB 476.0 billion in 2024, 2025, and 2026, respectively [2] - Net profit is forecasted to be RMB 145.2 billion, RMB 148.9 billion, and RMB 153.0 billion for 2024, 2025, and 2026, respectively [2] - The company's EPS is expected to be RMB 3.05, RMB 3.13, and RMB 3.22 for 2024, 2025, and 2026, respectively [2] Valuation Metrics - The company's PE ratio is forecasted to be 5.2x, 5.1x, and 5.0x for 2024, 2025, and 2026, respectively [2] - The company's PB ratio is expected to be 1.2x, 1.1x, and 1.0x for 2024, 2025, and 2026, respectively [2] - The dividend yield is projected to be 8.3%, 8.5%, and 8.8% for 2024, 2025, and 2026, respectively [2]

Investment Rating - Maintains an **OUTPERFORM** rating with a target price of HK$24.19 [1] - The current price is HK$17.30 as of November 11, 2024 [1] Core Views - The company achieved a revenue of RMB 326.024 billion in the first three quarters of 2024, a year-on-year increase of 6.26% [1] - Net profit attributable to shareholders reached RMB 116.659 billion, up 19.47% year-on-year, with diluted EPS of RMB 2.45 [1] - Despite a decline in Brent crude prices, the company maintained strong profitability through cost reduction and increased production [1] - Single-quarter net profit has remained above RMB 30 billion since Q1 2022, driven by growth in oil and gas production and lower production costs [1][6] Financial Performance - Q3 2024 Brent crude average price was $78.71/barrel, down 8.40% year-on-year, but the company still achieved year-on-year net profit growth [1] - Oil and gas equivalent production in Q3 2024 was 179.50 million barrels, up 7.04% year-on-year, with oil liquid production at 139.1 million barrels (up 7.58%) and natural gas production at 235.5 billion cubic feet (up 5.28%) [1] - Forecasted EPS for 2024-2026 are RMB 2.97, 3.00, and 3.08, respectively, with a 2024 BPS of RMB 15.68 [1][7] Valuation and Peer Comparison - The company is valued at a 2024E P/B multiple of 1.4x, with a target price of RMB 21.95/HK$24.19 [1][7] - Compared to peers, the company's valuation is higher than PetroChina (0.64x P/B) and Sinopec (0.57x P/B) but lower than ExxonMobil (2.02x P/B) [2] Key Financial Metrics - Revenue for 2024E is projected at RMB 444.187 billion, up 7% year-on-year, with net profit expected to grow 14% to RMB 141.224 billion [4] - Gross profit margin is forecasted to remain strong at 51.1% in 2024E, with ROE at 18.9% [4] - The company's debt-to-asset ratio is expected to decrease to 31.5% in 2024E, reflecting improved financial health [4]

Investment Rating - The report maintains a "Buy" rating for the company, citing strong fundamentals and consistent performance [1][6] Core Views - The company achieved record-high net profit in H1 2024, with revenue reaching RMB 226.8 billion, up 18.1% YoY, and net profit attributable to shareholders rising 25% YoY to RMB 79.7 billion [1][4] - Free cash flow remained robust at RMB 63.99 billion, with a capital expenditure of RMB 63.1 billion, up 11.7% YoY, completing 47-51% of the annual budget [1][4] - The company declared an interim dividend of HKD 0.74 per share, a 25.4% YoY increase, with a payout ratio of 40.3% [1][4] Financial Performance - Net production reached a record high of 362.6 million barrels of oil equivalent (BOE) in H1 2024, up 9.3% YoY, driven by contributions from domestic fields like Kenli 6-1 and Bozhong 19-6, as well as the Payara project in Guyana [1][5] - Average realized oil price increased by 9.2% YoY to USD 80.32 per barrel in H1 2024, while average realized gas price declined by 4.1% YoY to USD 7.79 per thousand cubic feet [1][5] - The company's cost control was effective, with a 1.5% YoY reduction in barrel oil equivalent cost to USD 27.75 per BOE [6] Future Projections - The report forecasts net profit attributable to shareholders for 2024-2026 at RMB 141.8 billion, RMB 152.1 billion, and RMB 163.3 billion, with YoY growth rates of 14.5%, 7.2%, and 7.4%, respectively, assuming a Brent crude price of USD 80 per barrel [1][6] - Under different oil price scenarios (USD 60, 70, and 85 per barrel), the company's net profit for 2025 could range from RMB 100 billion to RMB 163 billion, with dividend yields of 5.3%, 6.8%, and 8.6%, respectively [6] Market Data - As of September 10, 2024, the company's closing price was HKD 19.16, with a total market capitalization of HKD 911.4 billion and total assets of RMB 1.0754 trillion [2] - The company's net asset value per share stood at RMB 15.1, with a dividend yield of 6.5% in 2023, expected to rise to 8.6% by 2026 [3][11]

CNOOC Limited 中国海洋石油有限公司 香港聯合交易所股票代碼：00883（港幣櫃台）及80883（人民幣櫃台） 上海鐵半安易所股票代碼 上海證券交易所股票代碼：600938 2 0 2 4 INTERIM REPORT 中 期 報 告 目錄 | --- | --- | |-------|--------------------| | | | | 2 | 重要提示 | | 6 | 公司簡介 | | 8 | 財務摘要 | | 9 | 董事長致辭 | | 11 | 業務回顧 | | 20 | 風險管理及內部控制 | | 27 | 企業管治報告 | | 33 | 管理層討論與分析 | | 40 | 財務報告 | 二零二四年中期報告 中國海洋石油有限公司 1 重要提示 中國海洋石油有限公司（以下簡稱「本公司」、「公司」或「中國海油」）董事會及董事、高級管理人 員保證本中期報告內容的真實、準確、完整，不存在虛假記載、誤導性陳述或重大遺漏，並承 擔個別和連帶的法律責任。 本中期報告已經本公司2024年第六次董事會審議通過。非執行董事温冬芬女士因公未能參加本 次董事會，已書面委託本公司董事長、非執行董事汪東進先生 ...

中国海洋石油（883.HK） 更新报告 桶油成本持续下降，增储上产成效明显 陈晓霞 净利润创历史同期新高：公司上半年实现营业收入 2268 亿元，同比 增长 18%；实现归属于上市公司股东的净利润 797 亿元，同比增长 25%。其中公司 Q2 实现营收 1153 亿元，同比增长 22%，环比增长 3.4%；实现归母净利润 400 亿元，同比增长 26%，环比增长 0.7%， 净利润创历史最好水平。 + 852-25321956 xx.chen@firstshanghai.com.hk 主要数据 行业 能源 增储上产提升竞争力：公司上半年油气总产量达到 362.6 百万桶油 当量，同比增长 9.3%。上半年实现油价 80.32 美元/桶，同比增长 9.2%，实现气价 7.79 美元/千立方英尺。公司上半年石油液体产品 营业收入达到 1613 亿元，同比增长 24%；天然气产品营业收入达到 239 亿元，同比增加 9.7%。石油液体产品销量达到 282.1 百万桶， 同比增长 10.9%；天然气产品销量达到 4311 亿立方英尺，同比增长 11.7%。公司持续推进增储上产，目标确保储量替代率不低于 130%，完 ...

研究报告 Research Report 8 Sep 2024 中国海洋石油 China National Offshore Oil Corporation (883 HK) 上半年净利润同比增长 25% [Table_yemei 观点聚焦 1] Investment Focus | --- | --- | |----------------------------------------------------------------|---------------------------| | 1H24 net income up 25% y/y [Table_Info] 首次覆盖优于大市 | Initiate with OUTPERFORM | | 评级 | 优于大市 OUTPERFORM | | 现价 | HK$19.84 | | 目标价 | HK$24.19 | | HTI ESG | 5.0-5.0-5.0 | | E-S-G: 0-5, (Please refer to the Appendix for ESG comments) | | | 市值 | HK$966.93bn / US$124. ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任 何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 CNOOC Limited （中國海洋石油有限公司） 股票代號：00883（港幣櫃台）及80883（人民幣櫃台） （根據公司條例在香港註冊成立的有限責任公司） 二零二四年中期業績公告（未經審計） 財務及業務摘要 | --- | --- | --- | |------------------|-------------------|----------------| | | | 與二零二三年 | | | 二零二四年 | 上半年度比較之 | | | 上半年度 | 百分比變動 | | 油氣淨產量* | 362.6百萬桶油當量 | 9.3% | | 油氣銷售收入 | 人民幣1,851.1億元 | 22.0% | | 歸母淨利潤 | 人民幣797.3億元 | 25.0% | | 每股基本盈利 | 人民幣1.68元 | 25.0% | | 每股攤薄盈利 | 人民幣1.68元 | 25.0% | | 中期股息（含稅） ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任 何聲明，並明確表示，概不就因本公告全部或任何部份內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 CNOOC Limited （中國海洋石油有限公司） （根據公司條例在香港註冊成立的有限責任公司） （股票代號：00883（港幣櫃台）及80883（人民幣櫃台）） 公告 2024年第一季度報告 本公告由中國海洋石油有限公司根據《證券及期貨條例》（香港法例第571章）第XIVA部項下的 內幕消息條文及《香港聯合交易所有限公司證券上市規則》第13.09條及13.10B條作出。 本公司2024年第一季度報告所載財務資料根據中國企業會計准則編製，且未經審計。 重要內容提示 中國海洋石油有限公司（以下簡稱「本公司」或「公司」）董事會、董事及高級管理人員保證季度報 告內容的真實、准確、完整，不存在虛假記載、誤導性陳述或重大遺漏，並承擔個別和連帶的 法律責任。 公司首席執行官及總裁周心懷先生、首席財務官及會計機構負責人王欣女士聲明：保證季度報 告中財務信息的真實、凖確、完整。 第一季度財務報表是否經審計 □是 ✓否 ...