Core Insights - Sinopec has established a new subsidiary named Sinopec Deep Detection Technology (Shanghai) Co., Ltd. on November 18, with a registered capital of 153 million RMB [1] Company Information - The legal representative of the new company is Liu Junyan [1] - The company is wholly owned by China Petroleum & Chemical Corporation (Sinopec) [1] Business Scope - The business activities of the new subsidiary include research and development of new materials, sales of experimental analysis instruments, software sales, and inspection and testing services [1]

Group 1 - The core viewpoint of the article highlights the strong performance of the "three oil giants" in the Hong Kong stock market, with China Petroleum & Chemical Corporation (Sinopec) leading the gains at 3.38%, reaching a new high since August [1][2] - China National Petroleum Corporation (PetroChina) shares increased by 2.6%, while China National Offshore Oil Corporation (CNOOC) rose by 2.36% [1][2] - The recent strong stock performance is attributed to multiple favorable factors, including geopolitical influences, OPEC+ policies, and domestic fundamentals [2] Group 2 - OPEC+ decided to suspend its oil production increase plan for the first quarter of 2026 to support oil prices [2] - Huatai Securities released a 2026 outlook for the petrochemical sector, indicating that the oil supply-demand situation may face temporary pressure, but a recovery point for bulk commodities is anticipated [2] - The report suggests that improvements in domestic demand, coupled with export support and supply optimization, may lead to a new round of recovery, with high-quality chemical assets likely to undergo value reassessment [2]

本次竞赛秉持"全员盲抽、系统竞技、贴近实操、厚植情怀"理念，打破以往按工种竞赛的模式，将岗位 作为竞赛主体，涵盖石油工程各主要专业领域，覆盖全部生产单位和主要辅助单位，聚焦基层单位负责 人、班组长、HSE监督(管理)人员三类基层关键岗位的"最强操作"竞赛。 近日，中国石化集团公司2025年石油工程"最强操作"竞赛在胜利石油工程公司培训中心成功举行。来自 10家地区(专业)公司的226名选手盲抽参赛，个人赛中三类岗位各有6金、6银、6铜产生，团队赛决出团 队一等奖1个、二等奖2个、三等奖3个。 大众新闻记者 顾松 通讯员 褚新强 开展首个 "最强操作"竞赛 据了解，这不仅是中国石化一类业务竞赛，也是中国石化在整个业务板块规范开展的首个"最强操作"竞 赛项目。此次竞赛得到了业内同行的高度关注，中国石油人力资源共享服务中心及中油技服所属5个钻 探企业，中国石化油田、炼油、化工、油品销售4个事业部，胜利油田、河南油田、江西石油3家单位派 人观看比赛。 "通过观摩中国石化'最强操作'竞赛感触很深，竞赛的标准规范与创新流程，为岗位竞赛树立了新的工 作标杆。"中国石油大庆钻探有限公司人力资源部李庆表示，此次交流为大家提供了 ...

据了解，本次调剂的抽油机主要为8型机。近年来，随着胜利油田勘探开发向深层推进，部分适用于浅 层作业的8型抽油机逐渐闲置，在中国石化油田勘探开发事业部的支持下，胜利油田设备管理部积极与 上游板块单位进行供需对接，了解到河南油田区块地层较浅，井深条件与此类设备高度匹配，经过沟通 协商，双方就抽油机调剂事宜达成合作意向。 为深化设备资源统筹管理，胜利油田围绕闲置、老旧、废旧三类设备开展一体化治理，通过搭建"大统 筹、大循环"管理平台，依托信息化手段实现全专业资源识别与动态更新，推动设备资源在企业内部及 企业间高效流动。 这是互利共赢的合作。对胜利油田而言，此次闲置设备调剂有效减轻了资产负担，降低了运营成本，进 一步提升了资产利用率与价值创造能力；对河南油田来说，减少了投资，实现了降本增效。 数据显示，2024年以来，胜利油田累计盘活设备2300余台。此前，5台闲置8型抽油机调剂至江苏油田， 成为中国石化上游板块十余年来跨企业间设备资产调剂的典范。 本报11月18日讯(大众新闻记者 顾松 通讯员 邵明浩 路辉 子康) 10辆卡车整齐排列，车上装载的抽油机 设备已完成检查与固定，随着一声指令，卡车缓缓驶出厂区。11月1 ...

中国石油化工股份(00386)发布公告，于2025年11月18日，该公司斥资2453.55万港元回购553.2万股H股 股份，每股回购价4.42-4.48港元；斥资1090.47万元人民币回购188.61万股A股股份，每股回购价5.76- 5.81元人民币。 ...

Group 1: Oil and Gas - The oil supply-demand situation is under short-term pressure due to OPEC+ production increases, but medium to long-term oil prices are expected to have bottom support, with Brent crude oil price forecasts for 2025 and 2026 at $68 and $62 per barrel respectively [2][46] - The demand for natural gas in China is expected to continue growing, supported by low import costs, which will enhance profitability in the domestic industry chain [49] Group 2: Bulk Chemicals - A turning point in capital expenditure growth in the chemical raw materials and products industry has been observed since the second half of 2025, with expectations for a new round of recovery in 2026 driven by domestic demand improvements and export support [3][54] - The supply-demand situation for bulk chemical products is expected to improve, with policies supporting supply optimization and demand recovery anticipated to lead to a new round of prosperity [9][54] Group 3: Chemical Products and Fine Chemicals - The recovery in demand for chemical products and fine chemicals is expected to continue, driven by growth in sectors such as automotive, home appliances, military, and electronics, alongside cost improvements in raw materials [4][54] - The chemical industry is likely to see ongoing development in new materials and technologies, with a focus on high-end supply enhancement as emphasized in national policies [4][24] Group 4: Recommended Companies - The report recommends several companies for investment, including China Petroleum (A/H), China National Offshore Oil Corporation (A/H), and various chemical companies such as LUXI Chemical, Hualu Hengsheng, and Wanhua Chemical, indicating their potential for value reassessment and growth [7][23][24]

Core Viewpoint - The event "Red Heritage, Quality Commitment, Green Future - Exploring Smart Energy" organized by Sinopec Shandong Petroleum aims to showcase the company's contributions to national energy strategy, local economic development, and social responsibility during the 14th Five-Year Plan period [1][2]. Group 1: Company Overview - Sinopec Shandong Petroleum is a key player in China's energy sector, particularly in oil and gas exploration, refining upgrades, and technological innovation [2]. - The company is the largest refined oil storage and sales enterprise in Shandong Province and a leading provider of vehicle charging services [2]. Group 2: Strategic Initiatives - The company emphasizes its commitment to becoming a comprehensive energy service provider, focusing on oil, gas, hydrogen, electricity, and service integration [2][6]. - The event serves as a platform for direct communication with the public, highlighting the company's quality control, public service, and responsibilities as a major state-owned enterprise [2][6]. Group 3: Event Highlights - Attendees visited various facilities, including the Shandong Petroleum Party School and the 6907 Red Education Base, to understand the company's efforts in quality assurance and green energy transition [4]. - The event featured immersive experiences that illustrated Sinopec's transformation from a traditional energy supplier to a comprehensive service provider, showcasing innovations in clean energy technology and industry chain development [6].

智通财经APP讯，中国石油化工股份(00386)发布公告，于2025年11月18日，该公司斥资2453.55万港元 回购553.2万股H股股份，每股回购价4.42-4.48港元；斥资1090.47万元人民币回购188.61万股A股股份， 每股回购价5.76-5.81元人民币。 ...

EE305 Next Day Disclosure Return (Equity issuer - changes in issued shares or treasury shares, share buybacks and/or on-market sales of treasury shares) Instrument: Equity issuer Status: New Submission Name of Issuer: China Petroleum & Chemical Corporation Date Submitted: 18 November 2025 Section I must be completed by a listed issuer where has been a charge in its issued shares or teasury shares which is discloseable pursuant to rule 13.25A of the Rules Gov .i.sting of Securities on The Stock Exchange of H ...

Summary of Key Points from the Conference Call Industry Overview - **Industry**: Oil, Gas, and Chemical Sector in China - **Outlook Period**: 2026-2028 Oil Market Insights - **Brent Crude Price Forecast**: UBS projects average prices of US$64, US$70, and US$75 per barrel for 2026, 2027, and 2028 respectively [7][10][12] - **OPEC+ Production Cuts**: The second tranche of OPEC+'s voluntary cuts of 1.65 million barrels per day (Mb/d) may conclude in December 2026, with effective production increases expected to be only 40% of the headline numbers [2][24] - **China's Oil Demand**: Anticipated declines in gasoline and diesel demand by 4.4% and 3.7% year-over-year (YoY) in 2025 and 2026 respectively, driven by the rise of electric vehicles (EVs) [2][53] Natural Gas Market Insights - **Asia LNG Price Forecast**: Expected prices of US$12.8 and US$11.5 per million British thermal units (MMBtu) for 2025 and 2026 respectively, with long-term prices approaching US$7-8/MMBtu [2][41][47] - **China's Natural Gas Demand Growth**: Projected compound annual growth rate (CAGR) of 3-4% from 2025 to 2030, despite a 1% YoY decline in H1 2025 due to various economic factors [48][52] Chemical Sector Insights - **Earnings Recovery**: The petrochemical industry is expected to rebound due to overseas capacity exits and China's anti-involution policies [3] - **Preferred Sectors**: Recommendations include PTA, silicone, and glyphosate sectors, focusing on industries with low profitability and potential for improved utilization rates [3] New Materials Insights - **Lithium Hexafluorophosphate (LiPF6)**: Prices expected to remain strong in 2026, with demand growth outpacing effective capacity growth [4] - **Memory Chip Cycle Recovery**: Anticipated support for earnings rebound for electronic gas and wet chemical producers [4] Stock Recommendations - **Oil Companies**: Favorable outlook for PetroChina A/H, CNOOC A/H, and Sinopec A/H due to expected recovery in oil prices and attractive dividend yields [5] - **Chemical Companies**: Recommendations include Wanhua Chemical, Baofeng Energy, and Hengli Petrochemical [5] - **New Materials**: Positive outlook for Capchem, Sinocera, and Jiemei as beneficiaries of the electrolyte and MLCC cycle recoveries [5] Risks and Considerations - **Oil Price Risks**: Potential upside risks include firmer global economic growth and geopolitical tensions, while downside risks involve a global economic slowdown and weaker compliance from OPEC+ [9][10] - **Natural Gas Market Volatility**: Expected tightness in the global LNG market until 2030, with potential disruptions leading to elevated prices [41][47] Additional Insights - **EV Penetration**: Domestic EV penetration in China has exceeded 50% since April, with expectations to reach 76% by 2030 [54][55] - **China's Crude Imports**: A 3% YoY increase in crude imports in 9M25, attributed to lower oil prices and inventory scaling [60]