Core Viewpoint - China National Offshore Oil Corporation (CNOOC) announced the resignation of Mr. Zhou Xinhui from his positions as Executive Director, Vice Chairman, and Chief Executive Officer, effective October 20, 2025 [1] Summary by Categories Company Leadership Changes - Mr. Zhou Xinhui will also cease to be a member of the company's Strategy and Sustainable Development Committee from the same effective date [1]

（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） 董事會會議召開日期 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分內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 香港，二零二五年十月二十日 於本公告刊發日期， 董事會由以下成員組成： 張傳江 非執行董事 （董事長） 王德華 中國海洋石油有限公司（「本公司」）董事會（「董事會」）宣佈將於二零二五年十月三十日（星 期四）召開董事會會議，藉以（其中包括）審議及批准本公司及其附屬公司截至二零二五年九月 三十日止九個月的業績。 承董事會命 中國海洋石油有限公司 徐玉高 聯席公司秘書 閻洪濤 穆秀平 執行董事 獨立非執行董事 邱致中 林伯強 李淑賢 陳澤銘 ...

Group 1 - The core point of the article is the resignation of Zhou Xinhui from his positions as Executive Director, Vice Chairman, and CEO of China National Offshore Oil Corporation (CNOOC), effective October 20, 2025 [1] Group 2 - Zhou Xinhui will also cease to be a member of the company's Strategy and Sustainable Development Committee from the same date [1]

董事名單與其角色和職能 中國海洋石油有限公司董事會（「董事會」）成員及其各自於董事會及董事會下屬委 員會的角色及職能載列如下，自二零二五年十月二十日起生效： | 董事會下屬 | 審核委員會 | 提名委員會 | 薪酬委員會 | 戰略與可持續 | | --- | --- | --- | --- | --- | | 委員會 | | | | 發展委員會 | | 董事 | | | | | | 執行董事 | | | | | | 閻洪濤(總裁) | - | - | - | M | | 穆秀平(首席財務官) | - | - | - | - | | 非執行董事 | | | | | | 張傳江(董事長) | - | C | - | C | | 王德華 | M | - | M | - | | 獨立非執行董事 | | | | | | 邱致中 | - | - | C | M | | 林伯強 | - | M | - | M | | 李淑賢 | C | M | - | - | | 陳澤銘 | M | - | M | - | - 1 - 附註： 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 ...

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分內容而產生或 因依賴該等內容而引致的任何損失承擔任何責任。 股票代號：00883（港幣櫃台）及80883（人民幣櫃台） 執行董事、副董事長及首席執行官辭任 中國海洋石油有限公司（「本公司」）董事會（「董事會」）謹此宣佈，周心懷先生 （「周先生」）因任職變化辭任本公司執行董事、副董事長及首席執行官，自二零二五年 十月二十日生效。因此，彼於同日起亦將不再擔任本公司戰略與可持續發展委員會成員。 周先生已確認彼與董事會並無任何意見分歧，亦無任何與其辭任有關的事項須提請本公 司股東、香港聯合交易所有限公司及上海證券交易所注意。 （根據公司條例在香港註冊成立的有限責任公司） 董事會僅藉此機會對周先生爲本公司及海洋石油事業所作出的貢獻表示衷心的感謝。 承董事會命 中國海洋石油有限公司 徐玉高 聯席公司秘書 執行董事 獨立非執行董事 閻洪濤 邱致中 穆秀平 林伯強 李淑賢 陳澤銘 於本公告刊發日期， 非執行董事 董事會由以下成員組成： 張傳江 （董事長） 王德華 香港，二零二五 ...

Group 1 - Oil stocks experienced significant gains, with major companies like China Petroleum and China National Offshore Oil Corporation seeing increases of over 5% and 2% respectively [1] - Morgan Stanley's latest report highlights unprecedented discrepancies in OPEC's crude oil production estimates, with a difference of up to 2.5 million barrels per day [1] - The report suggests that OPEC's production increase plans are largely ineffective, with actual idle capacity being much lower than expected, and global oil demand is stronger than commonly perceived [1] Group 2 - Everbright Securities reports that the "Big Three" oil companies in China (China National Petroleum, Sinopec, and CNOOC) will continue to enhance their reserves and production amid increasing external uncertainties and oil price volatility [2] - The projected growth in oil and gas equivalent production for the "Big Three" over the next 25 years is 1.6% for China National Petroleum, 1.5% for Sinopec, and 5.9% for CNOOC [2] - The "Big Three" are expected to achieve long-term growth through continuous cost reduction and incremental production efforts, highlighting their long-term investment value [2]

Core Viewpoint - The Hong Kong oil stocks experienced significant gains in the afternoon trading session on October 20, with notable increases in share prices for major companies in the sector [1] Company Summaries - PetroChina (00857.HK) saw a rise of 4.92%, reaching HKD 7.68 [1] - CNOOC (00883.HK) increased by 2.26%, trading at HKD 19.03 [1] - CNOOC Services (02883.HK) rose by 1.95%, with a price of HKD 6.79 [1] - Sinopec (00386.HK) experienced a gain of 1.49%, priced at HKD 4.1 [1]

Core Viewpoint - Oil stocks are experiencing significant gains, with major companies like PetroChina, CNOOC, and Sinopec seeing notable increases in their stock prices due to optimistic market forecasts and production plans [1] Group 1: Market Performance - PetroChina (00857) increased by 4.92%, trading at HKD 7.68 [1] - CNOOC (00883) rose by 2.26%, trading at HKD 19.03 [1] - CNOOC Services (02883) gained 1.95%, trading at HKD 6.79 [1] - Sinopec (00386) saw a rise of 1.49%, trading at HKD 4.1 [1] Group 2: Industry Analysis - Morgan Stanley's report highlights unprecedented discrepancies in OPEC's crude oil production estimates, with a gap of up to 2.5 million barrels per day [1] - The report suggests that OPEC's production increase plans are largely ineffective, with actual idle capacity being significantly lower than expected [1] - Global oil demand is stronger than commonly perceived, with a potential market rebalancing expected in the second half of 2027, leading to a forecasted Brent crude price recovery to USD 65 per barrel [1] Group 3: Company Strategies - Everbright Securities indicates that the "Big Three" oil companies (PetroChina, Sinopec, and CNOOC) will continue to enhance their reserves and production amid increasing external uncertainties and oil price volatility [1] - The production growth plans for the next 25 years are projected at 1.6% for PetroChina, 1.5% for Sinopec, and 5.9% for CNOOC [1] - The "Big Three" are expected to achieve long-term growth through continuous cost reduction and incremental production efforts, highlighting their long-term investment value [1]

Core Viewpoint - Oil stocks have seen significant gains, with major companies like PetroChina, CNOOC, and Sinopec experiencing notable increases in share prices amid a backdrop of diverging estimates of OPEC's crude oil production [1] Group 1: Market Performance - PetroChina (00857) rose by 4.92%, trading at HKD 7.68 [1] - CNOOC (00883) increased by 2.26%, trading at HKD 19.03 [1] - CNOOC Services (02883) gained 1.95%, trading at HKD 6.79 [1] - Sinopec (00386) saw a rise of 1.49%, trading at HKD 4.10 [1] Group 2: OPEC Insights - Morgan Stanley's latest report highlights unprecedented discrepancies in OPEC's crude oil production estimates, with a gap of up to 2.5 million barrels per day [1] - The report suggests that OPEC's production increase plans are largely ineffective, with actual idle capacity being significantly lower than expected [1] - Global oil demand is stronger than commonly perceived, with a potential market rebalancing expected in the second half of 2027, leading to a forecasted Brent crude price of USD 65 per barrel [1] Group 3: Long-term Growth Prospects - Everbright Securities indicates that in the face of increasing external uncertainties and significant oil price fluctuations, the "Big Three" oil companies will continue to enhance their reserves and production [1] - The planned growth in oil and gas equivalent production for the next 25 years is projected at 1.6% for PetroChina, 1.5% for Sinopec, and 5.9% for CNOOC [1] - The "Big Three" are expected to achieve long-term growth through ongoing incremental cost reduction efforts, highlighting their long-term investment value [1]

Core Points - The establishment of China's first national-level deepwater oil and gas emergency rescue base in Hainan marks a significant advancement in the country's emergency response capabilities for offshore oil and gas incidents [1] - The base is a joint construction by the Ministry of Emergency Management, Hainan Provincial Government, and China National Offshore Oil Corporation (CNOOC), covering an area of over 11,000 square meters and equipped with advanced emergency response facilities [1] - The response time for emergency rescue operations in southern China's maritime areas will be significantly reduced from approximately 30 days to within 48 hours due to the capabilities of the new base [1] Industry Insights - The global focus of oil and gas exploration and development is shifting from land to marine environments, highlighting the increasing need for effective emergency response resources for offshore incidents [1] - The Hainan base will enhance the construction of offshore emergency rescue capabilities and support the development of the national marine economy and ecological protection [2]